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Lending Club Underwriting Questioned As Chargeoffs Climb

Bank Innovation

Scandals aside, Lending Club has been doing well in the area that mattered — borrowers were paying back their loans. But a new report from the Wall Street Journal indicates that chargeoff rates at Lending Club are up 38% since 2013. This is troubling because credit card default rates decreased over the Read More.

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Digital Lending Marketplace Offers $3M In Financing To Amazon Sellers

PYMNTS

Digital lending marketplace BitX Funding , which matches business owners and non-bank lenders, is aiming to help Amazon third-party (3P) sellers grow. Rowe noted, “Large banks and other lenders don’t recognize the assets of 3P sellers, as their inventories sit with Amazon.

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Spotlight on lending: Preparing for Q3 bank reports

Abrigo

bank and credit union, on total loan growth quarter over quarter paint a picture of the state of bank lending leading up to the third quarter. Over this four-year period, the data showcases a steady increase in bank lending. By the end of the first quarter of 2013, total loans and leases across all U.S. As the U.S. As the U.S.

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The New Lending Fintech Bonanza

Gonzobanker

It was into this world that the much celebrated digital lending fintech OnDeck recently sold to Enova for $90 million, a virtual fire sale at way under 1X OnDeck’s revenue. They primarily support – don’t compete with – federally insured bank lending. or 26X revenue but quickly doubled in the market.

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Lending standards slip, risk increasing according to OCC

Abrigo

Lending standards continue to relax, according to data from the OCC’s 2014 Survey of Credit Underwriting Practices. This type of easing is similar to that experienced between 2004 and 2006, the time period leading up to the financial crisis, which many attribute to inadequate lending standards.

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Lending to nonprofits: Considerations for credit analysis

Abrigo

Financial institutions considering lending to nonprofits may want to be aware of these recent financial trends, as well as some of the ways lending to these organizations might differ from lending to for-profit businesses. economy in 2013, or roughly 5 percent of GDP. Finances related to U.S. trillion; assets rose 5.2

Analysis 150
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Spotlight on lending: Commercial loan growth geographically

Abrigo

Now that banks have filed their third quarter financial reports , what did the lending picture look like last quarter? banks is up $157 billion from the same period in 2013. However, Q3 commercial lending is down from the beginning of 2014 (quarter ending 3/31/2014) by about $67 billion. Nationally, the picture is a fine one.

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