Following OnDeck’s (NYSE:ONDK) implosion

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Since the article was submitted https://www.paydayloans16.com/, the situation has continued to deteriorate and the «fintech» lending bubble now appears to be in the midst of a complete collapse. Following OnDeck’s (NYSE:ONDK) implosion, the industry darling, Lending Club (NYSE:LC), reported disastrous quarterly results that led the led to the ouster of its previously heralded CEO as well as government investigations into various «irregularities». These problems have reverberated across the industry as yield hungry investors increasingly have begun to understand that many of the complex securitizations they have purchased from fintech marketplace lenders are filled with toxic loans..

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