LendingClub Accused of Hiding Upfront Fees
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.
A New Kind of Enterprise Lures Banker to CFO Post
Morgan Edwards finds new purpose and a huge potential market at 'marketplace lender' CommonBond.
Treasury Launches Study of Peer-to-Peer Lending
How should 'the financial regulatory framework evolve to support the safe growth of this industry?' is one question the Treasury Department is asking.
SoFi Reportedly Seeking $3.5B Valuation
Social Finance, already valued at $1.3 billion, may be the next big peer-to-peer lending IPO.
Small Business Originations Rise at P2P Lender
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.