Mixed Credit Card Earnings and Securitization News

In this week’s PeerIQ Industry Update they cover the recent news that CEOs of the six largest banks will testify on capitol hill for the first time since the financial crisis; all issuers, except Capital One, saw revenue growth and all issuers saw significant earnings growth year on year; stock prices were mixed overall and executives were positive on their economic outlook; 2019 has so far seen two MPL securitization deals with Prosper’s PMIT 2019-1, a $172 Mn deal, and SOFI 2019-A, a $482mn deal; PeerIQ also released their latest MPL Loan Performance Monitor which tracks the delinquency rates, cumulative losses, cumulative prepays and transition matrices for consumer loans originated by Marketplace Lenders. Source.

  • Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

Sign up for our Newsletters

Every morning the Fintech Nexus News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!

[class^="wpforms-"]
[class^="wpforms-"]