alternative lending

Canaccord Genuity said online lending stocks such as LendingClub Corp (NYSE: LC) and On Deck Capital Inc (NYSE: ONDK) should see continued headwinds in the second quarter. "Investors continue to be concerned about credit risk (growing net charge-offs), investor demand for loans (especially from...

The U.S. Securities and Exchange Commission is meeting Tuesday to discuss potential changes to the definition of an “accredited investor.” While this type of legal nuance may seem boring, it could have major implications on startups and peer-to-peer lenders like LendingClub Corp...

As non-bank lending institutions, alternative lenders have occasionally come under fire for acting as "shadow banks," a term coined to describe the subprime lenders that led to the 2008 financial crisis. However, the term is a misnomer when applied to innovative lenders, according to an...

After LendingClub Corp (NYSE: LC) discovered $22 million in loans were sold that didn’t meet buyer requirements during an internal review, the CEO and founder (who was complicit) was forced to resign, and the company has been the subject of heightened scrutiny. Market Response Many market...

Just a month after the LendingClub Corp (NYSE: LC) fiasco resulted in the termination of its CEO, the Wall Street Journal reported another online lender Social Finance Inc., or SoFi, is pitching potential investors to buy $380 million of securities backed by its unsecured consumer loans. The...

In a weekly report to investors, LendingClub Corp(NYSE: LC) revealed a substantial increase in the purchasing of loans on its platform. Weekly Sales Numbers, Blunder And Revision The Wall Street Journal reported recently the lender’s revision of weekly numbers that failed to fully reflect...

New York State's financial regulator recently initiated an investigation into LendingClub Corp (NYSE: LC) and is now eyeing activities of other online lenders. Of particular concern is whether these peer-to-peer lenders should be allowed to conduct business in New York, Reuters reported, citing a...

Shares of On Deck Capital Inc (NYSE: ONDK) are collapsing Tuesday following a big Q1 earnings and Q2 guidance miss. On Deck reported Q1 EPS of -$0.18 on revenue of $62.6 million versus consensus expectations of -$0.07 EPS on $69.3 million in revenue. Looking ahead, the company guided for $67-70...