Online lenders once dazzled investors with the promise that sophisticated, fast data mining could identify the best borrowers.
In practice, the results haven't always been as impressive.
Fintech
LendingClub’s newest problem: Its borrowers
Charge-off rates have risen as much as 38% since 2013 at the largest online lender
Online lenders once dazzled investors with the promise that sophisticated, fast data mining could identify the best borrowers.
In practice, the results haven't always been as impressive.