Marketplace lending

Which tech companies pose the biggest threat to banks?

11/27/18

Warren Kornfeld, senior vice president at Moody’s Investors Service, explains why banks’ fear of Amazon, Apple, Facebook and other tech giants is legitimate.

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Weren’t algorithms supposed to make digital mortgages colorblind?

11/26/18

Minorities are still charged more for mortgages when all other applicable credit factors are equal — both in-person and online, according to a new study by the University of California, Berkeley.

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Prosper branches out, shifts strategy as it launches second product

11/14/18

The online lender will roll out its first new product in 12 years, a home equity line of credit. But it's taking a different approach than with its original offering.

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Sizing up the real fintech threat to banks

11/07/18

Will it be a bigfoot from Amazon, Google and Apple, or death by a thousand bites from niche rivals? Or can banks rally and fend off the insurgents?

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Fintechs interested in OCC charter despite lawsuits: Otting

11/07/18

The head of the agency developing the special-purpose federal license said the process is moving forward “independent” of legal challenges mounted by state regulators.

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LendingClub reports 3Q loss but offers rosier outlook

11/06/18

The San Francisco company, which has racked up big losses over the last two and a half years, signaled Tuesday that it is on a path to profitability after resolving a series of longstanding regulatory problems.

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GreenSky spooks investors with sharply reduced earnings guidance

11/06/18

The Atlanta-based consumer lender, which partners with both retailers and banks, cited a higher-than-expected cost of funds as one reason for its less rosy forecast.

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OnDeck plots expansion for 2019 after 3Q profit

11/06/18

The New York-based online lender plans to spend an additional $15 million next year, largely on bank partnerships and international expansion.

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New UltraFICO score stokes concerns about data privacy

10/23/18

A new credit score that includes consumers' cash flow alongside their credit score is winning praise for its potential to help expand access to credit, but some worry it gives the credit bureaus even more data that could be compromised.

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HSBC U.S. partners with web-based Avant to offer personal loans

10/23/18

The personal lending boom continues: HSBC's U.S. arm is teaming up with Avant, a closely held online lender, to offer unsecured loans to new and existing customers.

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