LendingClub tightens unsecured originations as charge-offs tick up
Marketplace credit is a late-cycle instrument whether the branding says marketplace or bank.
Finance Reporter
Calculator, charts, and financial documents on a desk
SAN FRANCISCO — Marketplace credit is a late-cycle instrument whether the branding says marketplace or bank.
The company has cut FICO bands on a pair of unsecured products after a two-month rise in early-stage delinquencies, according to people familiar with the credit box.
Priya Nair
Finance Reporter
Writes on banks, private credit, and the regulatory perimeter around nonbank lenders.
