Marketplace Lending’s New Ways Look a Lot Like the Old Ones

LendingClub Corp., in its prospectus when it went public in late 2014, said it was part of a “new approach to consumer finance.” The company’s website says “transforming an industry requires new ways of thinking and doing.” This type of …Powered by...

Why Marketplace Lending Needs Less Transparency, Not More

Marketplace lending platforms — Lending Club, OnDeck, Prosper and the like — have inarguably and fundamentally altered the geography of the lending landscape. In the last decade, they’ve gone from being a niche product to representing about a third …Powered by...