Online Lenders Have a Tough Job Ahead - News Summed Up

Online Lenders Have a Tough Job Ahead


Online lenders, once disruptive darlings of fintech, now have plenty to prove. That raises questions not just about their futures, but their broader... Entrusted with connecting consumers and small-business borrowers with those looking to fund loans, both business models have struggled. A pair of earnings reports this week might be a start. LendingClub Corp. and OnDeck Capital Inc. have suffered through growing pains this year.


Source: Wall Street Journal August 07, 2016 15:45 UTC



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