LendingClub cuts approval rates for high-risk borrowers as coronavirus spreads
LendingClub Corp on Monday cut
loan approval rates for some high-risk borrowers and increased
income and employment verification requirements, in a sign that
alternative lenders could pull back from lending as the
coronavirus crisis deepens.
loan approval rates for some high-risk borrowers and increased
income and employment verification requirements, in a sign that
alternative lenders could pull back from lending as the
coronavirus crisis deepens.
Posted by Reuters
