Online Lending

Orchard Platform, a technology and data provider for the online lending space, publishes a weekly review of the online lending sector. The latest report dated October 21 focused on some of the most notable events which occurred during the week. Orchard announced that it has reached an agreement...

The Wall Street Journal reported on Thursday that Goldman Sachs Group Inc (NYSE: GS)'s online consumer-lending platform, named Marcus, is now live. Marcus was introduced to the public for the first time on Thursday and connects regular folks with the major Wall Street bank. By loaning directly to...

Orchard Platform, a technology and data provider for the online lending space, publishes a weekly review of the online lending sector. The latest report for the week ending September 23 focused on the ABS East Conference in Miami, in which the online lending industry was "well represented." The...

Orchard Platform, a technology and data provider for the online lending space, publishes a weekly review of the online lending sector. The latest report, for the week ending September 16, noted a "continued, positive deal flow" for the online lending industry. Of note, GreenSky, an online home...

Orchard Platform, a technology and data provider for the online lending space, introduced last Friday its "Weekly Online Lending Snapshot," which provides a look into the online lending space. The new snapshot will be provided on a weekly basis with the intention of tracking online...

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...

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...

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 Lendingtree Inc (NASDAQ: TREE) gained nearly 10 percent Thursday. Nat Schindler of Bank of America upgraded the stock to Buy from Neutral with an unchanged $122 price target. The analyst highlighted the company's an offline-to-online transition to a "huge market....