Enova Reports Record Lending Volume Driven by Jobs, Consumer Spending

Online lender Enova International reported growing lending volume and solid credit performance for the first quarter.During the quarter ended March 31, Enova’s combined loans and finance receivables increased 23% year over year, reaching a record $3.5 billion. Total company originations for the quarter totaled $1.4 billion, according to the press release.Small and medium-sized business (SMB) products accounted for 65% of this total portfolio while consumer products accounted for 35%, Enova CEO David Fisher  ...