Another US marketplace lender is in trouble

REUTERS/Brendan McDermid This story was delivered to BI Intelligence "Fintech Briefing" subscribers. To learn more and subscribe, please click here. As Lending Club's run of bad news continues, another large US marketplace lender is showing signs of distress. Avant — which was valued at around $1.5 billion in September — offers personal loans to customers with low credit scores. The company is curtailing its growth strategy significantly, according to the Wall Street Journal. This will ...