During the week I share the most recent market financing and fintech news on Twitter as it occurs. Then every Saturday I take the most fascinating news items and blog site posts from the past week and share them here.
FICO Plans Big Shift in Credit-Score Calculations, Potentially Boosting Millions of Customers from The Wall Street Journal– Modifications are concerning the age-old FICO score. Soon there will be UltraFICO which will take into account deal activity in savings account as well as activity in savings and money-market accounts.
Marcus Slows Loaning Development, Zelle vs Venmo, Freedom & Upgrade Deals from PeerIQ– In this week’s PeerIQ newsletter they share the most recent market news as well as a deep dive into the first securitizations from Liberty Plus and Upgrade.
John Mack, Old-School Investor, Coaches Fintech Wannabes from The Wall Street Journal– John Mack has been on the board of LendingClub given that 2012 and has become really active in fintech considering that then. The WSJ has a short profile here of activities over the last years.
HSBC U.S. Partners With Web-Based Avant to Deal Individual Loans from Bloomberg– Another big worldwide bank is entering the currently crowded US individual loan market. HSBC is partnering with the Quantity platform by Avant to introduce individual loans early next year.
Why Goldman Sachs’Marital Relationship Of Marcus And Investment Management Makes Good Sense from Forbes– Big news out of Goldman Sachs the other day. They are moving Marcus under their $1.5 trillion investment management business to bring more alternatives to more consumers.
CFPB makes it main: Modifications to payday rule being available in brand-new year from American Banker– The CFPB is going to propose modifications in January to the underwriting provisions of the firm’s guidelines for payday lending institutions as well as to when those rules take result.
LendIt Interviews: Shivani Siroya of Tala on Radical Trust, monetary inclusion, and the mobile revolution from LendIt– In the most current interview from LendIt we talk with the CEO of emerging markets lender Tala.
Legal action versus peer-to-peer lender from The Times– UK home p2p loan provider, Lendy, is being threatened with legal action by among its largest borrowers and has asked the FCA for help.From the Provide Academy Online Forum The Lend Academy forum is where investors go to go over p2p lending. Below are some topics that were being discussed today. FICO score inflation– An interesting discussion on FICO scores over time. Prosper not in Missouri anymore?– One Prosper financier is attempting to look into why investors in Missouri can nolonger spend for Prosper.< a href=https://forum.lendacademy.com/index.php/topic,4950.0/ target=_ blank rel=noopener > Is LC no longer interested in retail investors?– Some forum members question whether LendingClub is still concentrated on the retail financier.