Weekly Industry Update: Ebullient Equity And Credit Markets, Best Of PeerIQ
By Vy Phan
January 2, 2018
- MPL Loan Performance Monitor (PeerIQ), Rated: AAA (LendingTimes, 12/27/17)
- Goodbye, George Bailey: Decline of Rural Lending Crimps Small-Town Business (WSJ, 12/25/17) Banks are closing branches and paring credit in rural America, focusing instead on booming urban markets, an opportunity that online lenders are taking to provide credit to underbanked communities.
- High-tech lenders target the decades-old store credit card (Reuters, 12/21/17) One of the oldest forms of lending - store credit - is increasingly attracting tech companies aiming to supplant a retailer’s credit card.
- Exempting Small Banks From Volcker Rule Is Popular, but Not With Their Regulator (WSJ, 12/26/17) A Senate proposal to exempt thousands of small U.S. banks from the Volcker rule restrictions on speculative trading is winning broad support—except from the regulator that oversees most of those banks.
- FICO vs. VantageScore: 5 differences you should understand (USA Today, 12/21/17) VantageScore is challenging FICO’s dominance in credit scoring with better models.
- Best Egg Will Broaden to Financing Purchases in 2018 (BankInnovation, 12/27/17) Marlette will focus on POS financing and Mortgages.
- Citigroup CEO Mike Corbat Has Promises to Keep (Bloomberg, 12/26/17) After putting the bank on firmer footing, CEO Mike Corbat is now charged with meeting ambitious performance targets.
- Google's Year in Search (Google Trends, 12/27/17)