A 'Defining Moment' for Marketplace (aka Peer-to-Peer) Lending

December 09, 2014 04:05 PM

LendingClub's initial public offering will be the watershed event for alternative lending that Facebook's IPO was for social media, says Matt Burton, co-founder and CEO of online lending services firm Orchard Platform.

TRENDING

Consumer lending

Congress mulls further coronavirus relief for consumers

If Capitol Hill plans another round of stimulus, Democrats could have more leverage to demand steps such as suspending overdraft fees or placing a temporary cap on consumer lending rates.

By Neil Haggerty

8h ago
Law and regulation

Fed's conundrum: Whether to remove Wells Fargo's asset cap

Amid the coronavirus emergency, the central bank may have to decide at what point the imperatives of an economic crisis outweigh the requirements of its most severe enforcement action in recent memory.

By Kevin Wack

April 1
CFPB

CFPB clarifies credit reporting procedures in light of coronavirus

The agency said lenders should avoid reporting delinquent payments to credit bureaus for consumers who have sought payment relief due to the pandemic.

By Kate Berry

April 1