According to Reuters, the American Bankers Association (ABA) is soliciting a marketplace lending partner; the Association acts as a consultant for small banks with less than $250 million in assets and the partnership would help the ABA in its vendor consulting efforts for these small banks; small banks are one subset of the market that has expressed significant interest in online lending and online lending partnerships. Source
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PayPal's fourth quarter earnings release revealed a number of interesting developments for the company; the firm has been steadily growing its partnerships with e-commerce businesses which has helped increase the number of payment transactions per customer; in the fourth quarter PayPal reported 31.1 transactions per active customer which was an increase from 30.2 in the previous quarter and 27.5 in the comparable quarter; PayPal's CEO Dan Schulman has also discussed a new partnership with Amazon that would allow Amazon customers to pay for purchases with PayPal which would further support increases in its customer account activity. Source
The below chart was taken from a Business Insider article discussing subprime auto lending. Since 2010, auto originations have been increasing steadily, topping $465.6 billion in 2016. This increase has been in part due to the low interest rate environment. Many people have speculated that the increase in subprime auto loans should be cause for concern. The subprime share of auto loans currently sits at around 17% as shown below. Data from Equifax and VantageScore from 2015 to 2016 shows auto loan delinquencies have increased from historical lows. In 2015, severe delinquencies (60 days+ past due) were 1.24% compared to 1.35% today. As of December 2016, 13.1% of the portfolios at banks and credit unions were considered subprime, defined as having a credit score less than 620, compared to 34.8% of other finance companies. Source
