BankThink

Marketplace Lending: Bruised, Not Buried

05/10/16

Key factors point to marketplace lenders rebounding from their recent setbacks and continuing their growth.

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Time for Online Lenders to Get Serious About Regulation

05/10/16

If alternative small business lenders don't get engaged in the regulatory dialogue, they risk letting a few bad apples determine their fate.

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Dear Congress, Online Lending Is Already Plenty Regulated

05/10/16

It is imperative for regulators and lawmakers to approach the online small business loan market with care and an understanding of how these lenders expand access to credit.

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Morning Scan: Disrupting P2P Disruptors?; Big Dividends

05/10/16

Receiving Wide Coverage ...

Growing Pains: The toppling of Lending Club chief executive Renaud Laplanche Monday is sure to bring heightened investor scrutiny and concerns about the peer-to-peer business model of the broader online lending industry, which has already been reporting slowing investor demand for loans or drops in lending volume this year, and now needs to prove its members won't be the ones getting disrupted, the Journal says. Legacy banking institutions have been welcoming to...

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Lending Club Lays Bare Marketplace Lending's Problems

05/09/16

We should all understand now that pure gain-on-sale marketplace lending businesses, like LendingClub, are inherently unstable.

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Kudos to Fed for Targeting Shadow Bank Systemic Risk

05/09/16

The Federal Reserve deserves praise for a proposal that would strengthen financial stability by eliminating the rights of counterparties to tear up derivatives contracts in a failure.

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Don't Ignore This FDIC 'Request for Comment'

05/09/16

The Federal Deposit Insurance Corp.Â's request for input on mobile financial services allows banks to promote how their mobile app helps the underserved, which is a plus when seeking merger approval.

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Morning Scan: LendingClub Woes; Dimon's Fintech Warning

05/09/16

Receiving Wide Coverage ...

Laplanche Resigns: LendingClub chief executive and chairman Renaud Laplanche resigned after an internal review of loan sales found $22 million in near-prime loans to a single investor, against that investor's instructions. Separately, the investigation also showed a failure to report personal interests held in a third-party fund to the board's risk committee, as the company was mulling an investment in the same fund. President Scott Sanborn will become acting CEO and director...

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Flashback: The First Time Banks Faced a Clinton Presidency

05/06/16

Nearly a quarter-century before his wife was on the verge of winning a presidential nomination, then-Democratic candidate Bill Clinton was seen as supporting "true nationwide banking," though some worried he would also expand the Community Reinvestment Act.

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How Medieval Monks Changed the Face of Banking

05/06/16

Banking is often seen as a quintessentially modern institution. But financial practices are deeply rooted in the medieval period.

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