Marketplace lending

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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Digit's latest feature tackles student loan debt

10/31/19

Digit is applying its automated-savings techniques to the growing problem of student loan debt.

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OnDeck raises earnings guidance following strong 3Q

10/24/19

The online lender posted a profit for the sixth consecutive quarter, as higher margins helped offset a decline in loan originations.

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The banks warming to AI-based lending

10/21/19

At TCF National Bank in Detroit and First National Bank of Omaha, early results from artificial intelligence pilot programs are strong.

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BBVA partners with fertility company for online health care loan

10/15/19

The bank is providing a point-of-sale loan to women seeking IVF treatments and getting funds to clinics, in some cases, within 24 hours.

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LendingClub's new pitch to institutional investors

10/10/19

The company has rolled out an online platform for firms considering marketplace loans as an asset class.

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LendingClub founder's new firm launches card-loan hybrid product

10/10/19

Renaud Laplanche, one of the first fintech disruptors, is launching an unusual type of credit product at Upgrade, his new company, that is a cross between a credit card and an unsecured loan.

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Are banks losing the brand war to tech firms?

10/08/19

Futurist Lex Sokolin believes buying banking products will be like buying generic pain relievers on Amazon.

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