Millennial Delinquency Rising, Fintech Earnings and Regulatory News

In this week’s PeerIQ Industry Update they cover the troubling data of millennial delinquency rising significantly higher than older borrowers; overall the U.S. economy is continuing to show signs that it is in the late stage of the economic cycle; the OCC is discussing a potential fix to valid when made issue which impacts the Madden decision and the lawsuit by the NYDFS is having a detrimental effect on charter applications; fintech earnings was a mixed bag with most lenders showing revenue growth and some saw the pace of loan growth slowing from year over year; PeerIQ examines earnings in detail for Enova, GreenSky, LendingClub, OnDeck and OneMain. Source.