June 2016

The market turmoil earlier this year revealed deep flaws in the business models of online lenders. Although not all are equally vulnerable, they share a common problem: dependence on short-term financing.…

SAN FRANCISCO/NEW YORK (Reuters/IFR) - Many online lenders have failed to detect the "stacking" of multiple loans by borrowers sneaking into their automated underwriting systems, senior executives told Reuters. lending companies and…