by Vy Phan | Aug 24, 2016 | Press
Bloomberg by Matt Scully (August 24, 2016) Social Finance Inc., an online lender branching out from its original focus on student loans, has hired a nearly two-decade veteran of Wells Fargo & Co. as its new chief risk officer. Kevin Moss has joined SoFi, a...
by Vy Phan | Aug 19, 2016 | Press
Bloomberg by Matt Scully (August 19, 2016) Lenders raising private funds to buy loans from their own platform is an inherent conflict because lenders cannot fulfill a fiduciary duty to both shareholder and loan buyer, Blue Elephant CIO Brian Weinstein says in investor...
by Vy Phan | Aug 3, 2016 | Press
Bloomberg by Matt Scully (August 3, 2016) Avant Inc., the online lending marketplace, removed unsecured consumer loans made to Colorado residents from a securitization deal after a state regulator sought information about its lending policies, according to Kroll Bond...
by Vy Phan | Jul 29, 2016 | Press
ValueWalk by PitchBook (July 29, 2016) Overview Early Development While consumers and business owners quickly saw the internet as a convenient way to monitor their finances, it took several decades for the option of entirely bypassing brick and mortar banks to...
by Vy Phan | Jul 18, 2016 | Press
Forbes by Nav Athwal (July 18, 2016) Recent news reports would have investors believe that the entire online lending sector is in trouble – when in fact, default rates remain largely in line with expectations and securitizations of consumer and student loans are on...
by Vy Phan | Jul 15, 2016 | Press
WSJ by Telis Demos (July 15, 2016) Ratings firm cites ‘the absence of substantial deterioration’ of the online loans Moody’s Investors Service delivered some much-needed good news for the online-lending industry, saying it wouldn’t downgrade a bundle of Prosper...
