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.
HSBC and Goldman Sachs back UK start-up that lets banks offer rivals’ products on their apps from CNBC – We start the week with news of yet another funding round. UK fintech startup Bud has raised $20 million from some of the biggest names in banking.
Over 60, and Crushed by Student Loan Debt from The Wall Street Journal – Student loan debt is hitting an unlikely group especially hard, those over 60 years old. Many have taken out loans to pay for their children’s tuition.
Strong Job Growth; Where Are We in the Credit Cycle? from PeerIQ – This week’s PeerIQ newsletter provides perspective from executives of many of the nation’s leading banks on where we are at in the credit cycle.
International P2P Lending Volumes January 2019 from P2P-Banking – The European loan origination volumes for January are out with Mintos and Zopa taking the top two spots again.
The Future Of Lending: Fintech 50 2019 from Forbes – The annual Forbes Fintech 50 list came out today and here are the lending platforms that made the list.
‘A lot of people are going to get hurt’: Petrou on fintech risk from American Banker – While we do need to pay attention to the risks presented in this study the author paints a particularly glum picture of the impact of fintech on financial services.
States must step forward as CFPB retreats on predatory lending from The Hill – Interesting op-ed in The Hill by the CEO of Insikt on the important role that states can play now the CFPB is likely scrapping the ability to repay requirement for payday loans. [Read more…]