Peer-to-peer lending

Online lenders seek to balance the needs of borrowers, investors


While LendingClub, Prosper, Avant and SoFi are giving existing borrowers breaks in the short term, they're considering tightening credit as the coronavirus outbreak threatens to drag the economy into a recession.


What LendingClub and Radius saw in each other


The heads of the two companies explain how the deal came about, what hurdles they face and how they plan to mash up their very different operations.


Consumer credit will remain strong in 2020: TransUnion


Casting aside recession fears, the credit bureau predicts credit cards, mortgages, auto loans and unsecured personal loans should all perform well — including those extended by online lenders.


How Square turns unconventional credit data into loans for tiny businesses


The payments company has loaned $5.5 billion to 275,000 small businesses, thanks to a data-driven process free from human interaction.


Once dismissive of fintechs, traditional lenders now feeling their bite


Online lenders now have close to 40% of the unsecured personal loan market, much of which is refinanced credit card debt. Banks' card portfolios are taking a hit.


Banks turn to a former rival to jump-start digital platforms


TD and several other banks are licensing credit underwriting and fraud prevention technology from the fintech Avant to get their digital-lending products to market faster.


Online lender Upstart eyes expansion after latest funding round


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.


Where customers are also lenders: One fintech's payday alternative


To generate revenue, SoLo Funds depends on consumers willing to front funds through its platform.


States agree to sweeping reg reforms for fintechs


A group of state regulators has signed off on 14 recommendations, developed by the fintech industry, aimed at streamlining multistate licensing and supervision.


Financing challenges of the smallest of small businesses


Owners of firms that employ only themselves would prefer to use loans or lines of credit, but more often than not they resort to credit cards, according to a new Fed report. Is this a missed opportunity for banks?