Marketplace lending

Online lenders seek to balance the needs of borrowers, investors

03/26/20

While LendingClub, Prosper, Avant and SoFi are giving existing borrowers breaks in the short term, they're considering tightening credit as the coronavirus outbreak threatens to drag the economy into a recession.

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LendingClub-Radius deal faces high regulatory hurdles

03/04/20

Compliance, risk management and staffing will likely come under added scrutiny as regulators lay out a framework for future fintech-bank mergers.

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Kabbage launches cash-flow dashboard for small businesses

03/04/20

The online lender's latest product shows business owners their cash flow over the past 90 days and how it is likely to change. The idea is to help borrowers save time.

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PNC gets sued, LendingClub buys bank, regulators spar: Top stories of the week

02/21/20

Tech firm accuses PNC of stealing trade secrets; online lender LendingClub agrees to acquire Radius Bank; questions arise whether regulators are turning more partisan; and more from this week's most-read stories.

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Fintech firm Numerated expands small-business offerings for banks

02/13/20

The startup spawned in Eastern Bank's innovation lab says its bank customers asked for client-friendly software for account opening, credit cards and more types of commercial lending.

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Online lender Petal hires Kabbage’s chief risk officer

02/04/20

Kaustav Das was part of Kabbage’s effort to transform small-business lending by using new data analytics, and the CEO of Petal wants him to help it do the same in consumer credit cards.

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Kabbage to offer custom loans for as short as three days

02/04/20

Customers of the online lender's payments service can select their own loan terms.

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House panel to discuss 'rent-a-bank' concerns in two February hearings

01/29/20

The Financial Services Committee will also hold hearings next month on monetary policy, the CFPB and "astroturfing" worries, among other things.

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Online lenders confront deepfake threat

01/28/20

Some fraudsters pose as loan applicants and submit doctored video or photos of property and assets to scam lenders they won't see in person. Firms like Elevate Funding and Credibly are fighting back.

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Sallie Mae's foray into personal loans proves short-lived

01/24/20

The company best known for student lending expanded into personal lending less than two years ago. Now it says it is refocusing on core strategic priorities.

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