A shakeout is coming in small-business lending
As the economy softens, traditional banks have an opportunity to win back market share from fintech competitors. ... Read full article
As the economy softens, traditional banks have an opportunity to win back market share from fintech competitors. ... Read full article
Following is a list of the banks that made Vade Secure's top 10 phishing list in the third quarter, along with insights into how lenders can protect themselves. ... 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
The Stamford, Conn.-based company reported 9% growth in net interest income and 14% growth in loan receivables during the third quarter, attributing the improvements to addition of the PayPal Credit portfolio in early July. ... Read full article
If Gov. Jerry Brown signs the legislation headed to his desk, it would be the first law of its kind in the U.S. It is designed to allow small-business owners to make comparisons between offers in the often bewildering world of online business lending. ... Read full article
Bank of America and several other large U.S. financial services companies, as part an effort organized by the Thomson Reuters Foundation and Western Union, have published resources to help smaller banks spot signs of forced labor and kidnapping. ... Read full article
Shemara Wikramanayake’s appointment is termed a “landmark”; the company’s stock falls 3% despite a 28% earnings increase. ... Read full article
With just two partnerships, eBay is cutting off a big opportunity for community banks. ... Read full article
The agency, with others, will work to stop consumer fraud; manager of four Morgan Stanley L.A. offices allegedly ignored harassment allegations. ... Read full article
Synchrony ultimately bought $7.6 billion of loan receivables, including $800 million in loan participations that had not been part of the original deal. ... 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
Employees reportedly unit doctored documents; payments company buys Swedish fintech firm just before it goes public. ... Read full article
PayPal and Barclays have formed a strategic partnership enabling Barclays customers in the U.K. and U.S. to manage their Barclays and PayPal accounts within each app. ... Read full article
Despite increased bank and investor activity around digital P2P payments, consumers haven't flocked to P2P in expected numbers. ... Read full article
Speaking at the Economic Club of New York in Manhattan, PayPal Chief Executive Officer Dan Schulman said cryptocurrencies have a very uncertain future. ... Read full article
The Federal Trade Commission contends Venmo misled consumers on funds availability and security disclosures. ... Read full article
Foreign operatives' alleged use of fraudulent financial accounts to try to influence the U.S. political system shows again how difficult it is for banks to truly know their customers. ... Read full article
A sophisticated campaign by Russian actors seeking to manipulate the 2016 U.S. presidential election through social media included stealing the identities of Americans and using accounts at PayPal to aid their effort. ... Read full article
Appeals court says single director is constitutional; the CFTC is rethinking policies because of bitcoin. ... Read full article
Fast growth in use of the bank's instance of the person-to-person payments product indicates it could one day rival Venmo. ... Read full article