A recent study by Harvard Business School looked into the contribution of marketplace lending on the overall lending market; while companies like Lending Club and Prosper have improved consumer access to affordable loans the study also discussed whether these types of platforms are too transparent; this transparency according to the study gives large investors who leverage the availability of data an advantage in buying loans resulting in an uneven playing field. Source
Today, PeerIQ announced a partnership with information solutions provider TransUnion. PeerIQ is known for its data and analytics capabilities in...
Tokenized financial smart contracts could give real-time insight into the cashflows of institutions, moving away from the quarterly snapshot.
It has been exactly four weeks since the big Lending Club news. The marketplace lending world has not fallen apart...
As the crypto industry waits for regulation in the U.S., CeFi has a trust dilemma. Increased transparency might be the way forward.
Last week Bloomberg published a lengthy piece titled “How Lending Club’s Biggest Fanboy Uncovered Shady Loans”. The article focuses on...
A press release this morning outlined Small Business Borrowers’ Bill of Rights created by small business advocates and both online...
Moody’s Investors Service had previously stated that companies like Ant needed to be more transparent about their asset-backed securities and their criteria for lending; Douglas Feagin, senior vice president of global business for Ant Financial stated, “The demand for these securities is very healthy and continuing to expand. That, at the end of the day, is the ultimate barometer of whether you're giving enough information to investors to invest. I think seeing that demand is evidence that we're sharing the right kind of information with them.”; article discusses the abs market broadly in China which has increased recently. Source
The Wall Street Journal reports that Goldman Sachs is planning to share more information about their different business units. The...
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[Editor’s note: This is a guest post from National Debt Relief. National Debt Relief is a gold sponsor and will be in...