Marketplace lending

Funding Circle cuts revenue projection amid sharp decline in U.S. lending

07/02/19

Shares in the U.K.-based small-business lender fell 29% Tuesday after it sought to recalibrate expectations about its growth trajectory. So far, the company has pulled back lending more in the U.S. than in its other markets.

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Are states up to the task of regulating Facebook?

07/01/19

Facebook’s plan to launch a cryptocurrency has raised concerns that state banking regulators may not be equipped to oversee large, international companies.

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Which fintechs are best positioned to handle a recession?

06/28/19

In a downturn, some fintechs, such as independent lenders, will be more vulnerable to economic forces than those working to service banks' regulatory needs.

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CEO acquitted in financial crisis case; Wedded to debt

06/24/19

Former Barclays CEO John Varley was accused of trying to obtain funds to avoid a government bailout; borrowing to pay for weddings surged last year.

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Goldman Sachs shares a lesson it's learned about Main Street

06/21/19

Customers of Marcus, the consumer lending arm that launched in 2016, defy easy categorization, according to an executive at the Wall Street bank.

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New LendingClub feature lets customers pay off card debt directly

06/18/19

Rather than receiving a lump-sum payment from the online lender, borrowers can now choose to have the proceeds of a debt consolidation loan sent to the companies they owe.

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Cross River poaches execs from student refinancing firm Laurel Road

06/17/19

The execs were hired for their focus on loan origination, portfolio management and securitization.

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Spring Labs raises $23M, plans to expand customer ID blockchain

06/12/19

The Los Angeles company has established a network that is designed to help verify the identities of consumer and small-business borrowers. It says 20 lenders are participating and that it is trying to recruit more.

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Will home equity lending ever recover?

06/07/19

It’s the one consumer loan category where balances continue to fall, and disruption from nimbler fintechs is a big reason why. To win back market share, banks will need to beat the upstarts at their own game.

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What Biz2Credit plans to do with $52 million

06/04/19

The online lending marketplace will use the equity financing from WestBridge Capital to diversify the digital products its offers banks trying to compete for small-business borrowers, its CEO says.

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