近日，湖北省中级人民法院对一起网贷出借人与玖富普惠平台之间的民间借贷纠纷案作出再审审查。出 借人邓某不服原审判决，委托其外甥女熊某作为代理人向湖北中院申请再审。法院经审查后明确指出， 出借人与作为网络借贷信息中介机构的玖富普惠之间并未形成民间借贷法律关系，该平台不承担担保责 任，也不负有还款义务。湖北中院最终依法驳回了邓某的再审申请。 相关诉讼案由： 申请人从电子签名与数字证书的真实性、网络借贷信息中介服务机构资质、《出借咨询及管理服务协 议》等核心证据的真实性、资金存管与担保事实认定的完整性，以及利息计算与费用承担的正确性等方 面，向湖北省某中级法院提出再审申请。 经过案件审理，湖北省中院认为本案争议的焦点是：1、玖富公司与邓某之间属于居间服务合同关系还 是民间借贷关系；2.玖富公司是否应对邓某承担还款责任。 出借人和玖富普惠公司之间不存在民间借贷关系 玖富普惠公司针对出借人的再审申请也提交了反驳意见。玖富普惠表示，平台展示的"还款保障措施"系 由第三方机构提供，并非其自身提供的担保，该模式符合监管对信息中介的定位。申请人所提交的证据 不足以证明公司作出了担保承诺，双方系中介合同关系，而非借款或担保关系，玖 ...

（来源：千龙网） 借400元分36期，年利率直逼36%，女子大学期间深陷"迷你贷"，催收人骚扰亲友，让她抑郁缠身。 2020年至2021年间，还在读大学的小陈因超前消费，被校园内分期乐推销人员口中的"低利息" 忽悠， 先后借了5笔，一共1.3万多元，年利率32.08%至35.90%不等。其中一笔400元竟然要分36期还。在还了 1.1万元后小陈无力继续支付，逾期超1000天，如今平台要她再还1.5万元。目前，小陈想结清贷款，但 利息太高，她希望和平台协商解决。事实上，国家早就明令禁止网贷平台向大学生放贷，利率超当时的 LPR四倍更是高利贷，本身就不合法！要斩断这把收割年轻人的镰刀，必须从严监管、严厉追责。 ...

This presentation contains "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including but not limited to, information or predictions concerning our future financial performance, including our financial outlook for Q4 2025 and the full fiscal year 2025 under the heading "Outlook" and management's estimates under the heading "Marketplace update," projected growth and other strategies, b ...

Core Insights - The article discusses the increasing demand for flexible financial solutions among Americans, particularly those with less-than-perfect credit histories, leading to a rise in interest for no credit check loans with guaranteed approval from online lenders [1][2][3] Company Overview - PickaLender is an online platform designed to help U.S. consumers find suitable loan options that align with their financial situations, particularly for those with low or damaged credit [2][6][36] - The platform does not act as a lender but serves as an informational and comparison resource, connecting users with multiple direct lenders [2][10][17] Loan Options and Features - Users can explore loan amounts ranging from $100 to $40,000, addressing various financial needs from small emergencies to larger expenses [7][21] - The annual percentage rates (APRs) for loans accessed through PickaLender typically range from approximately 5.99% to 35.99%, which is more aligned with standard personal loan rates compared to payday loans [7][22][23] Accessibility for Borrowers - PickaLender emphasizes accessibility for borrowers with bad credit, with some lenders having very low credit score requirements or not relying on traditional credit scoring at all [8][23][35] - The platform aims to provide a safer alternative to high-risk payday loans by connecting users with legitimate lenders that focus on income and repayment ability rather than solely on credit scores [11][12][20] Application Process - The application process through PickaLender is designed to be straightforward, allowing users to complete a short online form and provide financial information to connect with potential lenders [28][30][34] - Lenders review applications based on their criteria, often prioritizing income stability and repayment ability, which can be beneficial for borrowers with poor credit [31][46] Educational Focus - PickaLender promotes transparency and financial literacy, encouraging users to carefully review loan terms and understand the implications of borrowing [51][52] - The platform aims to help users avoid common pitfalls associated with bad credit lending by providing clear information and comparison tools [51][53] Market Context - The article highlights the broader trend of consumers seeking fast and accessible financial solutions amid economic uncertainty and rising living costs [14][54] - PickaLender reflects the shift towards online lending, catering to the needs of borrowers who may be overlooked by traditional financial institutions [35][54]

Core Viewpoint - LendingClub (LC) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook on its earnings estimates, which significantly influence stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system emphasizes the importance of earnings estimate revisions, which are strongly correlated with near-term stock price movements [4][6]. - Rising earnings estimates for LendingClub suggest an improvement in the company's underlying business, likely leading to an increase in stock price [5]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7]. - Only the top 5% of Zacks-covered stocks receive a "Strong Buy" rating, indicating superior earnings estimate revisions [9][10]. Earnings Estimate Revisions for LendingClub - For the fiscal year ending December 2026, LendingClub is expected to earn $1.64 per share, unchanged from the previous year, but the Zacks Consensus Estimate has increased by 16.2% over the past three months [8].

This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. Dive Brief: Online lender Better Home & Finance Holding Company said Loveen Advani — who most recently worked for the AI-powered omni-channel marketing company Zeta Global and, earlier, at Aetna and IBM — became the company’s CFO on Monday. Loveen succeeds Kevin Ryan, who announced in September he was leaving Better Home. In October, Ryan joined PennyMac Financial Servi ...

Core Insights - LendingClub's shares fell nearly 13% following the release of its fourth-quarter 2025 earnings report, despite reporting strong financial results [1] Financial Performance - The company reported diluted earnings per share (EPS) of $0.35 and total revenue of nearly $267 million, driven by approximately $2.6 billion in loan originations, with both EPS and revenue significantly higher year-over-year and exceeding consensus estimates [2] - For the first quarter of 2026, LendingClub guided for $2.6 billion in loan originations and diluted EPS of $0.365, while for the full year, it projected $12.1 billion in loan originations and diluted EPS of $1.725, representing 48% year-over-year growth in diluted EPS and 26% growth in originations [3] Guidance and Accounting Changes - The guidance for both the current quarter and the full year of 2026 exceeded Wall Street consensus estimates, indicating strong future performance expectations [4] - The company is implementing a significant accounting change, marking all loans as held-for-sale (HFS), which will affect how loans are valued and reported [5] Market Valuation - LendingClub's stock is currently trading at about 10 times forward earnings, which is considered an attractive entry point given the company's strong growth prospects [6]

Core Viewpoint - Lufax Holdings, once a leading player in the internet finance sector, has revealed significant findings from an investigation into related party transactions, which have led to a prolonged suspension of its shares for over a year [1][4]. Group 1: Related Party Transactions - From 2017 to 2023, Lufax provided a total of 3.84 billion yuan in loans to Shenzhen Decheng Investment Development Co., Ltd. [1][7] - To mitigate reputational risks, Lufax allowed Decheng Investment, which it controls, to use part of the loan funds to acquire risk or non-performing assets sold on its platform, compensating retail investors for their losses [1][4]. - The investigation found that the accounting treatment of these compensation transactions did not reflect their economic substance, and three entities controlled by Lufax were not included in its consolidated financial statements [1][4]. Group 2: Compliance Issues - In April of last year, Lufax announced plans to invest 1.37 billion yuan through a subsidiary in several trusts managed by a non-related trust company, which were directed to purchase assets from related entities [3][9]. - This transaction did not comply with listing rules regarding announcements and lacked independent shareholder approval [3][9]. Group 3: Financial Performance and Market Position - As of the end of 2025, Lufax had a cumulative borrower count of 29.1 million, a 12.5% increase from the end of 2024 [6][12]. - The outstanding loan balance was 183.8 billion yuan, a decrease of 15.2% year-over-year, while the outstanding balance of consumer finance loans increased by 19% to 59.6 billion yuan [6][12]. - The overdue rates for loans over 30 days and 90 days were 5.6% and 3.4%, respectively, both showing an increase compared to the previous year's third quarter [6][12].

Core Insights - Enova delivered a record year in 2025 with 27% origination growth leading to nearly 20% revenue growth and 42% adjusted EPS growth, attributed to diversified products and strong risk management [1][6][4] Financial Performance - For 2025, Enova's portfolio reached $4.9 billion, a 23% year-over-year increase, with small business products making up 68% of the portfolio [6] - In Q4 2025, originations were $2.3 billion, up 32% year-over-year, and total revenue increased 15% to $839 million [7] - Adjusted EPS rose 33% year-over-year in Q4 to $3.46 per diluted share, with adjusted EBITDA increasing 21% to $211 million [15] Segment Performance - Small business revenue rose 34% year-over-year to $383 million, while consumer revenue increased about 3% to $446 million [9] - Consumer originations showed strong growth in December, with early January maintaining similar strength [8] Cost and Expenses - Marketing expenses were 23% of total revenue in Q4, with expectations to revert to typical levels while remaining opportunistic [12] - Total operating expenses were 36% of revenue, up from 34% in the previous year [18] Future Outlook - For 2026, Enova targets approximately 15% origination growth and at least 20% adjusted EPS growth, excluding contributions from the Grasshopper acquisition [5][19] - The company expects revenue growth to align with origination growth, assuming a stable macroeconomic environment [19] Acquisition Strategy - Enova's pending acquisition of Grasshopper Bank aims to simplify regulatory structures, expand consumer markets, and provide low-cost funding sources, expected to close in H2 2026 [3][5]

Financial Data and Key Metrics Changes - For the full year of 2025, originations grew by 27%, leading to revenue growth of nearly 20%, and adjusted EPS growth of 42% [9][11] - Fourth quarter revenue increased by 15% year-over-year to $839 million, with adjusted EPS rising 33% to $3.46 per diluted share [11][31] - The consolidated net charge-off ratio for the fourth quarter was 8.3%, down from the previous year [12][24] Business Line Data and Key Metrics Changes - Small Business products represented 68% of the portfolio, while Consumer accounted for 32% [10] - Small Business originations increased by 48% year-over-year to $1.6 billion, with revenue growth of 34% to $383 million [14][22] - Consumer originations grew by 2% year-over-year to $613 million, with revenue increasing by approximately 3% to $446 million [23][22] Market Data and Key Metrics Changes - The unemployment rate decreased to 4.4% in December, indicating a stable labor market [12] - The NFIB Small Business Optimism Index rose to 99.5 in December, reflecting positive expectations among small business owners [16] Company Strategy and Development Direction - The company plans to close the acquisition of Grasshopper Bank, which is expected to enhance its product offerings and operational model under a national bank charter [18][19] - The focus for 2026 includes generating sustainable and profitable growth while driving long-term shareholder value [17][34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate varying operating environments and highlighted the resilience of its business model [17][34] - The outlook for 2026 anticipates growth in originations of around 15%, with adjusted EPS growth of at least 20% [33] Other Important Information - The company ended the fourth quarter with approximately $1.1 billion of liquidity, providing financial flexibility [29] - Marketing expenses for the fourth quarter were 23% of total revenue, reflecting a strategic investment to capture demand [11][26] Q&A Session Summary Question: Can you discuss the Consumer business growth and its acceleration? - Management noted that Consumer growth accelerated in December, driven by strong demand and credit performance, with expectations for continued strength into early January [36][38] Question: What changes are anticipated in the core portfolio prior to closing the Grasshopper acquisition? - Management indicated that operations would continue as usual until the transaction closes, with a focus on expanding the product set post-acquisition [40][42] Question: What is the expected mix between Consumer and Small Business growth in 2026? - Management expects a balanced growth approach, with a potential tilt towards Small Business due to strong demand, while also anticipating a resumption of Consumer growth [46][47] Question: Any changes in underwriting or industry focus for Small Business? - Management confirmed ongoing adjustments in underwriting, maintaining a stable credit profile, and keeping a close eye on industries like construction and transportation [50][51] Question: What are the implications of potential rate caps on consumer finance? - Management views potential rate caps positively, suggesting they could reduce availability for underserved customers, positioning the company as an alternative [78][80]