News Topic: OnDeck Capital

The online lender will roll out the business early next year with a focus on loans of less than $100,000. ... Read full article

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

The $380-billion asset company will soon join the parade of big banks and tech companies that are migrating online to meet the demands of business owners. ... Read full article

ODX will pursue deals with banks that want to use the New York lender’s technology to offer online small-business loans. ... Read full article

Rep. Emanuel Cleaver, D-Mo., released a survey of lending practices that he said point to practices such as forced arbitration clauses and extracting a customer’s credit score to determine creditworthiness. ... Read full article

The online small-business lender was aided by loan growth, wider margins and stable credit trends. Its shares surged by 25% after second-quarter earnings were announced. ... Read full article

Fintech firms have the federal option they have long sought, but meeting the agency’s application requirements will not be easy. ... Read full article

The New York-based online lender is turning to two European banks to fund loan growth in its overseas markets. ... Read full article

First-of-its-kind legislation seeks to tame the largely unregulated world of online small-business lending. It has drawn bipartisan support from lawmakers, but so far has failed to satisfy either the industry or its critics. ... Read full article

The online business lender would have reported its second straight quarterly profit if not for one-time costs tied to layoffs and lease terminations. ... Read full article

The online lender is hiring Kenneth Brause, a CIT Group executive, to succeed CFO Howard Katzenberg. ... Read full article

The online small-business lender is enjoying a payoff from its year-old push to cut costs and tighten underwriting standards. It is also set to announce another lending agreement with a major bank this year, its CEO said Tuesday. ... Read full article

The San Francisco company is one of numerous online lenders that are struggling to become profitable. ... Read full article

The online small-business lender, which has been cutting expenses, said it is on track to achieve profitability in the fourth quarter. ... Read full article

The $2.6 trillion-asset bank's recent commitment to digital lending augurs the development of a two-tier market for borrowers who want fast access to cash. ... Read full article

The online lender said it is on track to hit its goal of becoming profitable by yearend. It also extended a partnership agreement with JPMorgan Chase. ... Read full article

JPMorgan Chase’s partnership with OnDeck Capital was expected to augur a wave of similar agreements between banks and online business lenders. But so far, most banks have avoided joining forces with companies they also view as competitors. ... Read full article

Noah Breslow, who drew opposition from a hedge fund that wants the online small-business lender to pursue a new course, won 84% of the vote Tuesday. ... Read full article