Financial system across the US took a beating in the aftermath of the 2008 financial crisis and American views changed overnight with regards to their financial system. In a 2014 Gallup poll, only 26 percent expressed having “‘a great deal’ or ‘quite a lot’ of confidence in banks,” down from 41 percent in 2007 and a high of 60 percent …
Overview of US-Based Small Business Lending Platforms (Alternative Lenders).
“Of the 28 million small businesses in the United States, over half faced financial challenges in the last year [2016] Janet Zablock; Former Head of Global Small Business at Visa and currently, an Independent Board member at Nav Inc. As we have all heard multiple times, Small and Medium Businesses (SMB) are the backbone of the US economy. Still, they struggle ...
Overview of US Real Estate Lending Platforms (Online Lenders)
Let's start with some of the reasons that lead to the hyper growth of some of US-based real estate lending platforms. Since the 2008 financial crisis, the whole dynamics of real estate lending has changed. The perennial sources of funding like commercial banks, insurance companies, and other traditional lenders have turned much more conservative when it comes to underwriting loans ...
The State of Federal Regulation in Marketplace Lending
As our team prepares to attend LendIt 2017, the World’s Biggest Show in Lending and Fintech in New York next month, we find ourselves thinking about the current state of federal regulation in marketplace lending. In industry news today, there’s a lot of buzz regarding updates to the special purpose fintech charter announced by the Office of Comptroller of the Currency …
TRANSCRIPT: Liquidity Outlook (2nd Annual Investors’ Conference On Marketplace Lending)
The following is the transcript for the panel entitled Liquidity Outlook: Establishing a Secondary Loan Market held at the 2nd Annual Investors’ Conference On Marketplace Lending on December 1, 2016. Visit IMN’s website to listen to the full audio session. Participants Michael McLaughlin, Senior Managing Director (MACQUARIE GROUP) Rupert Taylor, Founder (ALTFI DATA) Joseph Besecker, Chairman, President & Chief Executive Officer (EMERALD ASSET …
Liquidity & The Secondary Market: Highlights From IMN’s 2nd Annual Investors’ Conference on Marketplace Lending
Earlier this month, the Information Management Network (IMN) brought together online lending platforms, asset managers, senior lenders, regulators, fixed income investors, and others at the 2nd Annual Investors’ Conference on Marketplace Lending in New York. In addition to discussions on sustainable financing, composite lending, and risk management, as well as a year-end review of marketplace lending, MonJa’s own James …
Life After Lending Club: How The Market Is Responding To The Problems Of 2016
2016 has been quite the year for marketplace lending — beginning with Lending Club’s troubles in May, whose effects have rippled throughout the rest of the year, and continuing with external political factors affecting the global market (read: Brexit in June, the U.S. election in November). It has certainly been a difficult year for all players in the industry, as …
From Wall Street to Main Street: How will Goldman’s new consumer product, Marcus, fare?
Goldman Sachs enters the consumer lending market with its new product, Marcus, rousing mixed responses from the industry. Last week, Goldman Sachs debuted Marcus, an online-loan service geared toward prime consumers paying down credit-card debt. Essentially, as representatives at Goldman put it, Marcus aims “to help Americans manage debt better.” In sum, consumers (typically those with a credit score of 680 or above) …
Part 2 of 2: The Emergence of 40 Act Funds & What It Means For Marketplace Lending
This is the second post in a two part blog series that examines the “40 Act Funds”. In part 1 we examine the structure and performance of the funds in the UK and US. In part 2 below, we will delve into the implications of funds on marketplace lending. Go here to read part 1 Impact on investors, financial advisors, and lending platforms …
Part 1 of 2: The Emergence of 40 Act Funds & What It Means For Marketplace Lending
This is the first post in a two part blog series that examines the “40 Act Funds”. In part 1 of this series, we examine the structure and performance of the funds in the UK and US. In part 2, we will delve into the implications of funds on marketplace lending. Introduction The first and second mutual funds (“40 Act …