Online lender LightStream is no longer accepting applications for new loans . In its third-quarter earnings call on Oct. 16, the New York City-based Truist Financial Corporation, operating as Truist Bank, announced it had agreed to sell $7.7 billion in LightStream unsecured loans, essentially the entire book, to Carlyle Group, a private equity firm. LightStream, the online consumer lending division of Truist Bank, launched in 2013 and focused on fixed-rate unsecured personal loans, especially for borrowers with good-to-excellent credit. LightStream approved financing ranging from $5,000 to $100,000 and marketed loans for a variety of purposes, including vehicle financing, debt consolidation and home improvement.
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