Marketplace lending

Why small businesses need regulators' proposed 'Madden' fix


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


How Square turns unconventional credit data into loans for tiny businesses


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


OCC offers roadmap for banks to bypass ‘Madden’ ruling


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.


Challenger bank tailors rates to encourage savings


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


Pennsylvania regulators hit SoFi with enforcement action


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.


BBVA, Prosper partner on digital home equity lines of credit


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.


Q2 buys PrecisionLender for $510 million


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


Digit's latest feature tackles student loan debt


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


OnDeck raises earnings guidance following strong 3Q


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


The banks warming to AI-based lending


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