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  • Online subprime lender Elevate Credit is bringing PayPal chief information officer Bradley Strock on to its board of directors as the company proceeds with plans to launch a credit card service this year.
  • A change in the direction of the Consumer Financial Protection Bureau (CFPB) announced this month was singled out by participants on a Wednesday panel hosted by LendIt as a worrying development for consumers not served by traditional financial services.
  • United Airlines has added another deal to the aircraft ABS pipeline, bringing an Enhanced Equipment Trust Certificate (EETC) offering that will finance the acquisition of 16 aircraft.
  • SRI
    Europe has a good chance of being able to make a real start on greening its financial system, according to members of the High Level Expert Group on Sustainable Finance, which delivered its report to the European Commission on Wednesday.
  • Marketplace lending participants at the Loan Tape Conference in New York said standardized data will be the gateway to opening up opportunities for securitization in the small business lending sector.
  • Online subprime lender Elevate Credit has tapped former PayPal and loanDepot executive Brian Biglin as chief credit officer.
  • PACEfunding, a California-based residential Property Assessed Clean Energy (PACE) finance firm, is looking to drum up interest at next month’s SFIG conference at Las Vegas for its debut securitization.
  • SRI
    The European Commission is being advised to set up a comprehensive Sustainability Taxonomy by 2020 to guide investment decisions towards a greener economy, and to develop an official EU Green Bond Standard. These are key recommendations of its High Level Expert Group on Sustainable Finance, according to a leaked draft copy of its report seen by GlobalCapital.
  • ABS
    Volkswagen Finance is riding the wave of demand for Spanish assets that followed the country’s recent upgrade and bond sale, tightening pricing and increasing the deal size for its Driver España auto ABS.