online lending News

CUNA Mutual Acquires Digital Consumer Lending Platform CuneXus

CUNA Mutual Group is expanding its digital capabilities by acquiring CuneXus, an online and mobile lending platform. CUNA Mutual Group became an early-stage investor in CuneXus through its venture capital entity, CMFG Ventures, in 2017. Terms of the transaction were …

Financial Watchdogs Caution on Risks of Marketplace Lending

Hedge funds, banks and insurance companies have recently jumped into “marketplace lending,” drawing the attention of U.S. regulators, who said on Tuesday they are concerned that borrowing by consumers and small businesses through online platforms may pose risks to U.S. …