The rapidly growing online lending industry is — depending on your point of view — badly in need of regulation or an important alternative for individuals and small businesses currently underserved by traditional bank loans. (timesunion.com)
Many in the short - term online lending industry were surprised by the announcement, which seems to be in lock - step with the current administration's Operation Choke Point, an initiative launched in 2013 by the United States Department of Justice, whose stated intent was to «attack Internet, telemarketing, mail, and other mass market fraud against consumers, by choking fraudsters» access to the banking system.» (wiseloan.com)
The anticipated DBRS rating for the Class A Notes would be the highest rating ever for a class of notes in an asset - backed securitization of small business loans in the online lending industry. (ondeck.com)