OneMain

·Sep. 5, 2017

Chart of the Week: OneMain Securitization

PeerIQ provides analysis of the recent OneMain securitization; the chart above compares the deal to other recent online lending securitizations; the deal closed at $947 million and it includes loans from Springleaf and OneMain which have merged under the OneMain brand. Source

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Fintech News Roundup USA

·Oct. 9, 2017

OneMain In Talks to Sell

According to the WSJ, OneMain is looking to sell and is in advanced discussions with multiple parties; the deal could be worth $4 billion or more; Most of OneMain’s personal and car loans are to people with credit scores under 660; the company has 1,700 branches and 2.2 million customers. Source

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Fintech News Roundup USA

·Mar. 12, 2018

Payrolls Report, Securitization News and Amazon in Banking

This week’s PeerIQ Industry Update covers the great jobs report as nonfarm payrolls rose by 313,000 in February which caused the Nasdaq to hit an all-time high; CommonBond saw their first AAA rating by Moody’s and KBRA rated the senior bonds for OneMain’s latest deal at AAA, AA and A; PeerIQ also took a deep dive into the recent Amazon checking account news; they cover the benefits of the partnership, the significance of the deal and who might be next to enter the space. Source.

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Fintech News Roundup USA

·May. 20, 2019

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;...

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News Roundup Online Lending USA

·Jan. 10, 2017

OneMain Rejects Offer from IEG Holdings

OneMain has rejected an unsolicited exchange offer from IEG Holdings; on January 6, 2017, IEG submitted an offer to buy shares of OneMain, a consumer finance company offering personal loans; IEG is an online consumer loan provider with stock trading on an over the counter market exchange; OneMain says the offer does not reflect the value of the company or the best interests of its shareholders. Source

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