Content area
Full Text
On Deck Capital Inc. Chairman and CEO Noah Breslow said competitive pressures in the digital lending space have eased somewhat in recent times, but he also highlighted dangers in pursuing "growth at any cost of customer acquisition."
Speaking during an earnings call, Breslow suggested that competitors' direct marketing efforts have "softened." OnDeck, meanwhile, is not rushing to grow its business, focusing instead on trimming its expenses to turn profitable, the executive said. Earlier that day, the company announced it...