OnDeck Is Largely Ditching Marketplace Lending

A deep read of OnDeck Capital‘s earnings report yesterday reveals this truth: the company is moving away from marketplace lending.

http://bankinnovation.net/2016/05/ondeck-is-largely-ditching-marketplace-lending/

 

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Prosper Marketplace to Cut Jobs and Shuffle Executives

Prosper Marketplace Inc., one of the biggest upstart online consumer lenders, is cutting about 28% of its staff and shuffling executives as it aims to cope with a decline in loan volume.

http://www.wsj.com/articles/prosper-marketplace-to-cut-jobs-and-shuffles-executives-1462308893?mod=WSJ_TechWSJD_moreTopStories#:0ifg-OFCxSKYjA