
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
Tuesday 12 July 2016 at 13:53
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.