Up until now the marketplace lending securitization space has been on a tear. We share PeerIQ’s detailed securitization reports every quarter and for over a year we have discussed record or near record issuance from the top lenders in the marketplace lending space. Deals have been getting larger and a few new companies have joined […]
Today’s News
- Banking/Fintech Partnerships Hot in 2018It was a big year for bank/fintech M&A as many of the large financial firms that had been sitting on the sidelines since the financial crisis, spent 2018 actively exploring and completing some major fintech acquisitions or investments. The continued rise in technology innovation, as well as more favorable policy developments that helped ease regulatory […]
- CFPB to Eliminate Underwriting Requirements Effecting Payday LendingWe learned in October that the CFPB was revisiting their ability to repay provisions in the small dollar lending rule; sources are now saying that the CFPB is expected to remove these provisions completely; the current rule requires lenders to verify a borrower’s income, debts and other spending to assess whether they have the ability […]
- European Banks Lag Behind U.S. Banks in InnovationFinastra CEO Simon Paris tells CNBC that European Banks are falling behind their U.S. counterparts when it comes to innovation; “You see a big difference between the U.S. banks and the European banks, and I think that’s part of the reason why U.S. banks are at twice the level of return on equity over the […]
LATEST PODCASTS
Podcast 182: Dave Girouard of Upstart
Machine learning in underwriting is all the rage today and has been now for a couple of years. But the first online lender to really hang their hat on this technology is Upstart. It is core to their business and it is why they applied for and received a no action letter from the CFPB […]
Podcast 181: James Garvey of Self Lender
Since the invention of the FICO score, when it comes to building credit there has been a real chicken and egg problem. It is difficult to obtain credit unless you have already established a decent credit score. Despite all the advances in fintech this is a problem that has remained largely unsolved. Our next guest […]
Podcast 180: Kevin Tweddle of Independent Community Bankers of America
For decades community banks have been the lifeblood of small towns across America. Almost by definition they are closer to their communities than large banks or even fintech platforms. And while they don’t have the technology budgets of large banks they are acutely aware of the need to adapt to the changing needs of their […]