Marketplace lending

State AGs assail CFPB plan to build fintech sandbox

02/12/19

The bureau wants to further remove the threat of legal liability for firms that test products benefiting consumers, but the attorneys general say the agency cannot provide immunity from state law.

[more]

OnDeck posts record 4Q profit — then watches shares plunge

02/12/19

The online small-business lender reported record loan originations in the fourth quarter, but its CEO is warning that loan growth could slow in 2019.

[more]

Online lender Marlette reports profit, then takes jabs at the competition

02/01/19

As the consumer lender announced its seventh consecutive profitable quarter, its CEO bragged that his company is better positioned than the likes of Goldman Sachs and LendingClub.

[more]

GreenSky launches new loan product for elective health care

01/29/19

The Atlanta fintech is looking to expand rapidly beyond its roots of arranging financing for home improvement projects.

[more]

Is the OCC's fintech charter really 'perfect' for mortgage lenders?

01/27/19

As suspense builds over which firm will be the first to seek the special-purpose charter, a side discussion has emerged over which financial services sector has the most to gain — or lose — from the new option.

[more]

Blend hires ex-Fannie CEO Mayopoulos as president

01/22/19

Timothy Mayopoulos is back in the mortgage industry, becoming the new president of the digital mortgage technology developer Blend, months after leaving his post as Fannie Mae’s CEO.

[more]

A remedy for ‘true lender’ lawsuits already exists

01/17/19

Federal regulators should consider applying guidance that is nearly two decades old to end uncertainty about the legality of particular bank partnerships.

[more]

CommonBond braces for bumpy 2019 by laying off 18% of staff

01/16/19

The online student lender said it is reallocating some jobs and "sunsetting" others.

[more]

Kabbage to provide point-of-sale loans to Alibaba shoppers

01/14/19

The U.S. online lender provides credit lines of up to $150,000 to small businesses that shop at Alibaba.com.

[more]

Government shutdown grinds SBA lending to halt

01/08/19

The agency is unable to process loan applications and faces a daunting backlog once Washington returns to work.

[more]