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Personal Loans

FintechUSA
·Jun. 18, 2020

More Than 100 Million Loans in Forbearance in Last Three Months

Quoting data from Transunion the Wall Street Journal is reporting that 106 million loans have been enrolled in forbearance, deferment...
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FintechNews RoundupUSA
·May. 13, 2020

Fed Should Step in to Help Consumers Access Credit

While small businesses have been able to access credit during the current crisis, this is not the case for many...
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FintechNews RoundupUSA
·Apr. 27, 2020

SoFi Assisted in PPP Program Through Comparison Site ‘Lantern’

SoFi shared in a press release that they had helped funnel over $75 million in loan applications to lenders for...
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FintechNews RoundupUSA
·Apr. 15, 2020

Upcoming Webinar: How Consumer Lenders Are Responding to the Crisis

One of the best ways to learn what is going on during the current crisis is to attend live virtual...
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FintechNews RoundupUSA
·Mar. 31, 2020

LendingClub Increasing Interest Rates

LendingClub is increasing their interest rates to new borrowers ranging from 2% to 4% depending on the loan grade; LendingClub...
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FintechNews RoundupUSA
·May. 21, 2020

Millions of Credit Card and Auto Loans on Financial Hardship Plans

According to recent data from TransUnion lenders reported that almost 15 million credit cards were in financial hardship programs; this...
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News Roundup
·Apr. 30, 2020

dv01 Providing Early Insight Into Consumer Loan Performance

We all know that consumers are being hit hard by the economic devastation caused by the coronavirus. With over 30...
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FintechNews RoundupUSA
·Apr. 22, 2020

LendingClub Cutting 460 Staff in Response to Reduced Loan Volume

Yesterday, LendingClub shared that they were laying off 460 people, accounting for 30% of their workforce; the cuts were across...
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FintechNews Roundup
·Apr. 6, 2020

The Current State of Personal Loans in China

Executives at some Chinese banks and online lenders are reporting that more consumers are becoming delinquent on their credit card...
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FintechNews RoundupUSA
·Mar. 27, 2020

Fed’s New TALF Program Misses a Big Component of ABS Markets

During the last financial crisis the Federal Reserve created a new program called the Term Asset-Backed Securities Loan Facility (TALF);...
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