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Wall Street JournalSeeking retail: Marketplace lenders, rebuffed by institutional investors who stopped buying their loans, are hoping retail investors will provide a more permanent source of capital. Several new funds allow retail investors to buy into the business. Investors are attracted by loans that yield over 6%. But there's a catch, warns the Wall Street Journal: "They might find themselves locked into loans due to the illiquid structure of these funds, even as they shoulder fees that are high relative to other investments."
November 3 -
Wells Fargo & Co. said the Securities and Exchange Commission is among regulators investigating the bank's sales practices following a scandal involving employees opening unauthorized customer accounts.
November 3 -
We asked experts in the payments industry what business issue they would like to eliminate in the year ahead. Here is what they had to say.
November 3 -
Application programming interfaces have grown so quickly, they're no longer the future of payments. They're the present.
November 3
Marqeta -
An increasing number of shoppers use a mix of digital and in-store to research, shop and pay. Retailers must accommodate all three to stay relevant, according to Revel.
November 3 -
Even if the court does dismiss the suit, the banking trades are widely believed to be prepping another lawsuit against the regulator, this time attacking the recently approved updates to NCUAs field of membership rule.
November 2 -
Citigroup customers can now dispute credit card charges through its app, one of several mobile enhancements rolled out by the company Wednesday.
November 2 -
The number of new credit card accounts jumped 11% to 84.9 million in the second quarter while monthly purchase volumes also increased, according to a report by the American Bankers Association.
November 2 -
When Android Pay launched, Google Wallet became a P-to-P service. That market's getting popular, and Google is responding with a web upgrade.
November 2 -
Auto lending numbers have skyrocketed in recent years, but some banks are pulling back as delinquencies go up, yields shrink and credit quality worsens. Does all of that spell a new opportunity for credit unions?
November 2







