The online streaming giant says they will shift 2 percent of cash on hand or $100mn to banks that serve...
Many people thought, including your LendIt editors, that the $310 billion allocated for the second round of the Paycheck Protection...
One of the best ways to learn what is going on during the current crisis is to attend live virtual...
Christopher Giancarlo, the former head of the Commodity Futures Trading Commission, is creating the Digital Dollar Foundation to study converting...
Petal uses information beyond credit scores like earnings, spending and savings to identify people who are a good fit for a credit card; users can then use the Petal card to build their credit history; the company raised $13 million led by Valar Ventures. Source
Tiger Global has led Wealthfront’s latest $75 million round; the capital will be used to further build out their Path platform which connects users to their other financial accounts; Wealthfront now has $9 billion under management. Source
Two reports share that the federal government may not profit or break even on their $1.4 trillion student loan portfolio; there has been an increase in borrowing in recent years and some graduate students are opting for income-driven repayment plans; these students are expected to pay back less than they took to pay for tuition; there are concerns that the interest payments of those paying the full amount on their loans may not be enough to offset those that are entering these plans. Source
After the closing bell yesterday LendingClub reported their earnings for Q4 2018 and the full calendar year; they originated a...
Nathaniel Hoopes, head of the Marketplace Lending Association shares how the Madden v. Midland decision is having an adverse impact on borrowers in an American Banker opinion article. Source
There are an estimated 800,000 federal workers affected by the partial government shutdown and a further 4.1 million federal contractors also...