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The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. In 2010, LendingClub added to its war chest with a $24.5 The DOJ Finding.
The quickness with which these Wall Street-driven nonbank lenders—variously called peer-to-peer, online marketplace or financialtechnology (FinTech) lenders—can fulfill borrowers’ requests has enabled alternative lending to double every year since 2010.
Neeti Aggarwal, CFA senior research manager, The Asian Banker. Neeti Aggarwal manages the financialtechnology and innovation research at The Asian Banker. With over 19 years’ experience, she specializes in banking, technology and fintech developments across Asia Pacific, Middle East and Africa.
Operating since 2010, AmFam Ventures has made a number of investments primarily in two thematic areas: connected home and connected car technologies and alternative insurance distribution. ” In this area, AmFam has made investments in startups including Cozy , a rent management startup, and mobile used car marketplace Instamotor.
Stated investment focus: Mobility & connected car, connected home & properties, insurtech & wealth management, digital health, cybersecurity & data intelligence. ” In this area, AmFam has made investments in startups including Cozy , a rent management startup, and mobile used car marketplace Instamotor.
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