News Topic: Kabbage

The online retailer wants to offer customers checking accounts but won’t become a bank; Quarles says the rule is too complex and “not working well.” ... Read full article

The online lender is taking a stand against businesses that sell assault weapons or that sell any type of firearms to people under 21. ... Read full article

The pioneering brand re-enters a market where fintechs now account for over 30% of personal loan originations. ... Read full article

The online lender to small businesses is expanding its business deeper into traditional banks’ territory with larger loans. ... Read full article

An ex-regulator’s stern warning about the risks of sharing consumer information with fintechs has prompted debate over common security standards for banks and nonbanks, better data tracking and new liability insurance products. ... Read full article

The CFPB's data-sharing guidance was widely applauded, but mistrust remains between banks and aggregators. Advocates want regulators to take action. ... Read full article

The $2.6 trillion-asset bank's recent commitment to digital lending augurs the development of a two-tier market for borrowers who want fast access to cash. ... Read full article

The Fed wants directors to “focus on the big issues” not minutia; Softbank to invest $250 million in online small business lender. ... Read full article

Online lending platform Kabbage announced Thursday it has raised $250 million from Japanese telecom giant SoftBank, marking its largest equity fundraising round to date. ... Read full article

The Innovative Lending Platform Association and the Coalition for Responsible Business Finance announced Monday that they are joining forces. ... Read full article