Merger combines two online lending trade groups
The Innovative Lending Platform Association and the Coalition for Responsible Business Finance announced Monday that they are joining forces. ... Read full article
News Topic: OnDeck Capital
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OnDeck’s mounting losses prompt cuts, questions about credit model
After recording a $35.9 million quarterly loss, the online small-business lender said that it plans to reduce its annual expenses by $20 million, cut 11% of its staff and more than double its loan-loss provision from a year earlier. ... Read full article
OnDeck Capital loses its chief operating officer
James Hobson is resigning to become the CEO of Attune, a new company in the commercial insurance sector. ... Read full article
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