The FTC says the lender collected “hundreds or even thousands of dollars” as an upfront fee while telling consumers it charged "no hidden fees" on loans.
Morgan Edwards finds new purpose and a huge potential market at 'marketplace lender' CommonBond.
How should 'the financial regulatory framework evolve to support the safe growth of this industry?' is one question the Treasury Department is asking.
Social Finance, already valued at $1.3 billion, may be the next big peer-to-peer lending IPO.
OnDeck Capital grew its portfolio of small business loans and lines of credit by $369 million in the fourth quarter but still reported a net loss.
By offering both borrowers and lenders a better deal, websites that put the two together are challenging retail banks.
