During the week I share the latest marketplace lending and fintech news on Twitter as it happens. Then every Saturday I take the most interesting news items and blog posts from the past week and share them here. Wall Street banks are upping bets on their potential fintech competitors from CNBC – So far this year […]
Today’s News
- California’s New Earned Wage Access Bill StallsThe new bill in California to create the first regulatory framework for earned wage access has stalled; the bill passed the California senate by a unanimous vote earlier this year but it has stalled in the legislature after opposition mounted to some of the provisions introduced in a September 6 version of the bill; the […]
- Gig Economy Fintechs Gain More Capital and TractionServing gig economy workers has started to become a trend amongst a group of fintech startups and now VC investors are beginning to take notice; two of these companies, Joust and Salaryo, sat down with American Banker to talk about why they started the companies and how they have been growing so far; like so […]
- Funding Options Leadership Shakeup as CEO DepartsAltFi exclusively reports that after leading the company for eight years Funding Options CEO Conrad Ford is leaving the company; Ford tells AltFi, “I’m excited and looking forward to what’s next on my journey whilst I will always be a member of the Funding Options family.”; the company also loses Managing Director Ryan Edwards-Pritchard with […]
LATEST PODCASTS
Podcast 216: Neil Roberts and David Stevens of Harmoney
It is not easy to scale a marketplace lending business in a market the size of New Zealand, which has fewer people than Colorado. But Harmoney, the first peer to peer lender to be licensed in New Zealand, has originated more than NZ$1 billion in loans since launching five years ago. Our next guests on […]
Podcast 215: Nat Hoopes of the Marketplace Lending Association
For an industry to be taken seriously in Washington it needs a strong and vibrant trade association. The Marketplace Lending Association (MLA) was formed back in 2016 with LendingClub, Prosper and Funding Circle as its founding members. Our next guest on the Lend Academy Podcast is Nat Hoopes; he is the executive director of the […]
Podcast 214: Safwan Shah of PayActiv
Roughly half the US population lives paycheck to paycheck and throughout the year they often run out of money between these paychecks. So, they resort to payday loans or overdrafts and often pay late fees as well. This costs this population hundreds or even thousands of dollars per year. There is a better solution that […]