Marketplace lending

Upstart to help banks pay off customers' credit card bills

12/11/19

It sounds like something that should be simple — letting a customer pay off their credit cards with a new personal loan — but it's not, according to Dave Girouard, Upstart's CEO.

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SoFi cleared to offer crypto in New York

12/04/19

The online lender, which has received state approval to establish a virtual currency business, can now offer a full range of investment services — including trading in digital assets — in New York.

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There's a better way to regulate small-dollar lending

12/04/19

Instead of imposing interest rate caps, policymakers should require online lenders to provide clear disclosures and promote partnerships with banks.

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Why small businesses need regulators' proposed 'Madden' fix

11/26/19

Bank regulators are considering a bypass to the 2015 court ruling governing loan sales that would ultimately offer more credit options to entrepreneurs.

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How Square turns unconventional credit data into loans for tiny businesses

11/22/19

The payments company has loaned $5.5 billion to 275,000 small businesses, thanks to a data-driven process free from human interaction.

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OCC offers roadmap for banks to bypass ‘Madden’ ruling

11/18/19

The 2015 decision posed new legal challenges for institutions trying to sell loans to third parties, but the federal regulatory agency proposed Monday steps for banks and debt parties to evade state interest rate caps.

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Challenger bank tailors rates to encourage savings

11/08/19

HMBradley will assign interest rates according to how much customers set aside from direct deposits each month.

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Pennsylvania regulators hit SoFi with enforcement action

11/04/19

The San Francisco fintech company has agreed to pay a $110,000 fine for failing to comply with a 2017 state law that requires mortgage servicers to be licensed.

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BBVA, Prosper partner on digital home equity lines of credit

11/04/19

Prosper hopes to do for lines of credit what it did for unsecured personal loans, while BBVA hopes to provide a better experience for customers.

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Q2 buys PrecisionLender for $510 million

11/01/19

PrecisionLender, the digital banking software vendor's largest acquisition to date, sells sales coaching software.

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