Boston based funding manager, ILA Capital, has partnered with Switzerland based Woodman Group to launch a machine learning, marketplace lending fund. ILA said the fund has an initial commitment of $100 million. The Fund will have a short duration, high yield strategy that primarily invests… Read More
Read more in: Fintech, Global | Tagged marketplace, switzerland, tom grant
Bank lending regulations have rarely been thought of as dynamic or exciting but last night’s ruling by the Consumer Financial Protection Bureau (CFPB) to allow a lender to begin using alternative data in their underwriting could herald the beginning of a new era in lending… Read More
Read more in: Featured Headlines, Fintech, Opinion, Politics, Legal & Regulation | Tagged cfpb, consumer financial protection bureau, marketplace, no action letter, p2p, patrick mchenry, paul gu, peer to peer, tom grant, upstart
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