Reuters: Recession Fears Have Online Lenders Scaling Back

Reuters reported that U.S. online lenders such as LendingClub, Kabbage and Avant are scrutinizing loan quality as they prepare for an economic downturn.

Victory Park, KKR Lead $175MM ABS of Avant Loans

Victory Park Capital and KKR said it led an inaugural $175 million asset-backed securitization of consumer loan originated by Avant, an online lending platform.