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.


Coronavirus, U.S. Bank's opportunism, CFPB sues Fifth Third: Top stories of the week


From scams to watch out for to the role banks play in an SBA virus loan program, news about the pandemic's impact was everywhere. Also: As State Farm bows out, U.S. Bank seizes an expansion opportunity; CFPB sues Fifth Third for allegedly opening phony accounts; and more from this week's most-read stories.


SoFi hires exec from Amazon to lead deposit, card businesses


The addition of Maria Renz shows how much emphasis the San Francisco fintech is putting on operations and customer experience.


More coronavirus challenges for banks; RBS delays


Bankers express confidence despite coronavirus concerns, while consumers ponder cash needs; U.K. will hold off unloading its 62% stake in bank.


Regions' plan to boost lending in 2020


Total loans at Regions Financial fell slightly last year, but executives say a shift in consumer lending priorities and more aggressive C&I lending will start to pay off this year.


Mike Cagney's new firm says it's giving banks 'a compelling reason' to use blockchain


The SoFi co-founder said Figure Technologies is working with national banks to employ its distributed ledger tech for loan originations.


SoFi cleared to offer crypto in New York


The online lender, which has received state approval to establish a virtual currency business, can now offer a full range of investment services — including trading in digital assets — in New York.


Pennsylvania regulators hit SoFi with enforcement action


The San Francisco fintech company has agreed to pay a $110,000 fine for failing to comply with a 2017 state law that requires mortgage servicers to be licensed.


Fintech lenders taking more market share from banks, survey finds


Digital-first lenders more than doubled their market share in the last four years, according to a report by Experian.


Experimenting with digital currencies; Questioning SOFR


Some countries are toying with digitizing their currencies; NY Fed chief defends SOFR despite recent concerns about repo market volatility.