In this episode we talk with the new CEO of Best Egg, Paul Ricci. He has only been in the job a few weeks but he is an old hand when it comes to marketplace lending.
Recently LendIt Fintech held a webinar titled “COVID-19 Planning for Fintech – 5 Ways to Maximize Efficiency with At-Home Agents”;...
The marketplace lending industry began with personal loans and it is still our biggest vertical when it comes to loan...
A little over a year ago Goldman Sachs launched their consumer lending platform Marcus as part of a digital strategy...
In PeerIQ’s weekly industry update they cover the IMF’s recent global growth forecast being raised and the recent securitization deals in online lending; while global growth is up the IMF also pointed out that a third of banks by assets might struggle to attain profitability; recent securitization deals from Marlette Funding and SoFi highlight a busy quarter in the sector; the newsletter also takes a deep dive into bank earnings for JP Morgan, Citi, Bank of America and Wells Fargo. Source.
The issue of “true lender” has been one that has dogged the marketplace lending industry virtually since its inception. When...
There is likely no one alive who has witnessed this level of economic disruption in this country in such a...
Another Profitable Year for Marlette Funding as Best Egg Surpasses $7B of Personal Loans Blockchain RegTech Startup TRM Secures $1.7...
Tonderys shares what makes Marlette Funding different and what he sees in the market for next year; he also provides his take on traditional banks getting into the business and where personal lending overall will be in five years. Source
Cross River Bank has issued a media alert detailing involvement in a true lender court case with the state of Colorado; the bank has filed a declaratory judgment action against the state of Colorado to protect its rights to extend credit and freely sell loans nationwide; the declaratory judgment action follows a previous court filing in January 2017 by the Colorado Attorney General suing Marlette Funding for issues with its lending process which involves loans made by Cross River Bank and sold to Marlette. Source