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.
Loans at point of sale are poised to take off from Tearsheet – Good rundown on why point of sale will be be a huge growth industry for online lending.
Jack Ma Debt Giant Grinds to Halt as China Curbs Micro-Loans from Bloomberg – Chinese fintech giant Ant Financial has halted their microloan sales as regulators there have stopped approving certain ABS transactions.
Credit card debt hits all-time high of $1.023 trillion: Fed from American Banker – This week the Fed announced that credit card debt in the US has hit an all time high of $1.023T.
WeChat shows messaging is the future of financial services ‘platforms’ from Tearsheet – China is years ahead of us when it comes to the convergence of fintech and messaging apps. But they show what is possible.
Why We’re Co-Hosting, & Why You Should Attend, BlockFin — The World’s Largest Crypto FinTech Conference from Hacker Noon – Launching at LendIt this year is the BlockFin Summit, the largest event covering blockchain. Here is a write up from our new partner Lou Kerner.
Trump Administration Seeks to Change Rules on Bank Lending to the Poor from The Wall Street Journal – There are changes coming to CRA rules that could impact credit availability for poor borrowers.
Spike in delinquency rate mars outlook for personal loans from American Banker – While still at a much lower level than a few years ago delinquencies have been increasing on personal loans. [Read more…]