Marketplace lending

Online lender Upstart eyes expansion after latest funding round

04/08/19

The San Francisco fintech, which uses artificial intelligence to make consumer credit decisions, has raised an additional $50 million. It also announced new partnerships with lenders and plans for a credit card.

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John Mack, Mary Meeker leaving LendingClub board

03/29/19

The San Francisco-based online lender said that the departures of two prominent board members are not the result of any disagreement with the company.

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'If the product is good, it should sell itself': A Q&A with Earnest's CEO

03/22/19

Susan Ehrlich, the fintech lender's new chief, discusses what she learned working at Amazon and Simple and how her firm is approaching consumer loans differently.

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Direct lenders ready to step in where Brexit makes banks retreat

03/21/19

Direct lenders are gearing up for more business in the U.K. as they see banks shrinking their sterling corporate loan books in the wake of Brexit-linked volatility and slower economic growth.

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Madden lawsuit nears end, but online lenders still seek fix from regulators

03/18/19

The online lending industry has turned to the courts, Congress and now federal banking agencies in an effort, thus far fruitless, to blunt the impact of a 2015 appeals court ruling.

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Can Citi and Chase beat fintechs at their own game?

03/08/19

The upstart lenders have been chipping away at credit cards’ consumer-lending dominance by offering fixed-rate loans with predictable repayment plans. Now the card giants are fighting back.

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From SBA chief to fintech backer

03/06/19

Karen Mills, who led the Small Business Administration from 2009 to 2013, is joining the Eastern Bank spinoff Numerated as an adviser and investor as it tries to bring online-lending technology to community banks.

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GreenSky teaming with Amex to offer home improvement loans

03/05/19

The Atlanta company, which reported fourth-quarter results Tuesday, will test the partnership in five cities as part of an ongoing effort to add new sources of revenue.

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HSBC: Fintech deal will provide access to midsize businesses in U.S.

02/26/19

Neptune Financial, an online business lender, will help the global bank reach commercial customers it was missing before and could ultimately be a $1.5 trillion opportunity, an HSBC executive says.

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Banks fall further behind fintechs in personal lending

02/21/19

Personal loan balances hit an all-time high in 2018, while fintech lenders widened their market share lead over banks and credit unions, according to new data from TransUnion.

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