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. How peer-to-peer lending turned middle-class Chinese dreamers into angry protesters from Quartz – Interesting piece from the weekend […]
Today’s News
- Fintechs Need to do More to Ensure Fair Practices in LendingLast year Rep. Emanuel Cleaver of Missouri launched a survey to study discrimination among online lending companies; the main focus of the survey was the use of automated algorithms in loan applications; the survey revealed a few key issues including the use of forced arbitration clauses that prohibit lawsuits against the lender and looking at […]
- Crypto Exchanges Team Up to Form a Working GroupFour cryptocurrency exchanges are forming a task force in hopes to take the markets forward; the Virtual Commodity Association Working Group will look to form new industry standards and try to make traditional large investors more comfortable with the market overall; “It is a great sign that multiple competing exchanges have recognized that working together, […]
- Borrowers in Hong Kong Get Easier Access to Small LoansBanks across Hong Kong are working to simplify small loans online; the Hong Kong Monetary Authority issued guidelines in May that lenders no longer must require proof of address or proof of income; the measures are meant to help banks better compete with fintech companies while also better serving customers; banks such as Citibank, Standard […]
LATEST PODCASTS
Podcast 163: Angela Ceresnie of Climb Credit
Financing higher education in this country is broken. We are at well over $1 trillion in student loan debt today and with defaults on the rise a sizable chunk of this amount will never be paid back. Many people are choosing higher education programs today without analyzing the financial consequences of their decision. Our next […]
Podcast 162: Sasha Orloff of LendUp
It is curious to me that 56% of the adults in this country are classified as subprime. Yet, most lenders are focused on prime or near prime consumers. Improving the financial health of the subprime population is clearly a bigger problem but also one that can potentially have a bigger reward. Our next guest on […]
Podcast 161: Everett Sands of Lendistry
For most of the last century small business lending was primarily a local endeavor. Entrepreneurs would go to their local bank to apply for a loan. The bank manager or loan officer would, of course, gather the financials of the business but they also knew the entrepreneur personally, knew how their business was going and […]