Alternative lending

Alternative lenders try to fill void left by shutdown

01/11/19

The tricky part: raising awareness without appearing to take advantage of borrowers at a time when agencies like the SBA are out of commission.

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Ripple's bank creep, LendUp's new CEO, regulatory competition: Top stories of the week

01/11/19

One bank's push to use Ripple's XRP in cross-border payments; LendUp spins off credit card business, names new CEO; a worrisome resurgence of rivalry among the banking agencies; and more from this week's most-read stories.

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Smartphone brand can reflect creditworthiness: FDIC study

10/04/18

A paper released by the agency’s Center for Financial Research says aspects of someone’s digital footprint — including whether they use Apple or Android — help predict likelihood of default.

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Bill to enhance poor credit scores will backfire, critics say

07/30/18

Allowing alternative data such as rent and utility payments has bipartisan support, but some say it could create more problems than it solves.

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Small-business loan approvals rise as unemployment falls

06/15/18

Approval rates for small-business loan applications were up at small and larger financial institutions as the labor market continued to improve.

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To fuel digital currencies, crypto-lender finances sales of mining gear

06/05/18

Cereal is looking at the aspects of the market that could be considered the most stable. By encouraging more mining activity, Cereal also promotes the viability of the cryptocurrencies being mined.

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Lenders to crowdfunding-reliant firms face steep hurdles

04/30/18

For one California bank, the biggest challenge was finding equity investors to participate in deals.

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Will dropping tax lien data from credit reporting lead to bad loans?

04/02/18

Some fear that the removal of such data from individual credit reports could lead lenders to believe a consumer is a better bet than they really are.

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This lender is using AI to make loans through social media

12/28/17

The digitally savvy lender MyBucks, which has lent money through a smartphone app and chatbots on WhatsApp and Facebook Messenger, could be a good role model for U.S. banks thinking of using AI in credit decisions.

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BankMobile deploys AI, alternative data to lend to FICO-poor students

12/20/17

BankMobile, the digital-only subsidiary of Customers Bank in Wyomissing, Pa., is planning to use software by Upstart to offer its first credit product to the students it reaches through relationships with 800 universities.

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