Online lenders are feeling the pressure from borrowers and investors alike; consumers are starting to lose their jobs and companies are seeing revenues evaporate; investors who buy the loans from platforms has started to cut off capital as they cannot accurately asses the risk of loan pools; “The reckoning, which I thought would come sooner, has taken some time but now unfortunately is here,” said Todd Baker, a Senior Fellow at Columbia University’s Richman Center and frequent critic of so-called marketplace lenders, to the FT; some lenders might have to hold loans on their balance sheet or incentivize investors with higher returns; rating agencies have released notices about rising delinquencies but the stimulus could help to ease some of the pain; Kroll Bond Rating Agency wrote last week, “the passage of the $2tn federal stimulus package on March 27, as well as borrower tax refunds and servicer relief programs, should help to soften the blow.” Financial Times
With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences.
Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.