The Latest

We should all understand now that pure gain-on-sale marketplace lending businesses, like LendingClub, are inherently unstable.

A dozen directors were re-elected at Middleburg Financial in Virginia despite a protest from the company's biggest investor.

The abrupt resignation of the firm's founder and CEO, under a cloud, seems likely to fan investors' growing fears about the marketplace lending sector. It could also hasten regulatory scrutiny.

Hillary Clinton's campaign went on the offensive Monday against presumptive Republican nominee Donald Trump's financial policy positions, arguing he would put the system at risk if elected president.

PL Capital, a big investor in Banc of California, is proposing that the Irvine company adopt majority, rather than plurality voting, for the election of directors.

The Consumer Mortgage Coalition is arguing that the bill has serious flaws by allowing private insurers to undercut pricing on federal flood insurance policies by offering high deductibles and exclusions to homeowners with mortgages guaranteed by the government-sponsored enterprises.

Corezoid is courting the U.S. banking industry with a cloud-based solution its founder developed while working at a Ukraine bank.

Boston Private Financial Holdings is expanding its footprint in California, opening a new office in Los Angeles on June 1. The company will have 35 offices nationwide, including 14 on the West Coast.

The Global Women's Leadership Network will award scholarships to four women employed at credit unions around the world during the World Credit Union Conference and Global Women Forum in Belfast, Northern Ireland from July 17 to 20.