Personal Loan News

24
Apr
Upstart CEO Dave Girouard Talks Machine Learning, Artificial Intelligence, and Personal Loans

I recently had the chance to interview the CEO and Co-Founder of an interesting and successful company known as Upstart. Upstart made a name for itself over the last 6 years as a personal loan lender. How exactly did it do this? Upstart implemented an artificial intelligence (AI) and machine learning (ML) algorithm that could underwrite credit […]

Posted in: Personal Loan News,
19
Apr
Q&A: Renaud Laplanche on Starting Upgrade and Offering New Credit Products to Consumers

One of the biggest names in the fintech space participated in our most recent Q&A feature. Renaud Laplanche, the co-founder of Lending Club and more recently Upgrade, answered questions about what it’s like to be an entrepreneur several times in a competitive space. Read on if you want to pick the brain of an established fintech […]

Posted in: Personal Loan News,
16
Apr
CFO Usama Ashraf Talks Borrowing and Investing with Prosper

Recently, I had the privilege to pick the brain of the Chief Financial Officer (CFO) of an industry leading company in the fintech space. Usama Ashraf is the CFO of Prosper, the first peer-to-peer platform in the US that connects people who want to borrow with individuals and institutions that are looking to invest in consumer […]

Posted in: Personal Loan News,
30
Jan
MetaBank Forms Partnership With Online Lending Company

Last week, MetaBank and Liberty Lending announced the beginning of a three-year partnership between the two companies. MetaBank will begin offering personal loans to Liberty Lending’s customers; the program will be jointly promoted through a number of different marketing channels. It is anticipated that MetaBank will lend up to $1 billion in personal loans

Posted in: Personal Loan News,
21
Dec
Startup Affirm CEO Clarifies that Product Is a Personal Loan – Not a Credit Card

Consumers looking for a personal loan option have another one to consider in Affirm, which is a startup from PayPal co-founder Max Levchin. With Affirm, consumers can access a loan, a form of credit, to buy items at a store, which was originally interpreted to be similar to how a credit card works. But Levchin has […]

Posted in: Personal Loan News,
30
Nov
Q&A: Marlette Funding President Offers Insight on Personal Loan Market

This November, I had the opportunity to speak in a Q&A over the phone with the President at Marlette Funding, Josh Tonderys. During the interview, I had the chance to learn quite a bit about the personal lending market from an experienced industry leader. Let’s see what he had to say about the personal loan […]

Posted in: Personal Loan News,
01
Nov
CFPB Paves Ways for New Lending Regulations, Impacting Payday Lenders

Earlier in October, the Consumer Financial Protection Bureau (CFPB) set its sights on payday lenders with a new ruling for the short-term loan industry. Firms offering “payday loans” will now need to qualify their applicants in a similar way as traditional bank loans. Lenders must administer a full-payment test. This requires them to verify whether […]

Posted in: Personal Loan News,