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The Office of the Comptroller of the Currency can give lenders relief from the effects of a recent court decision over interest rate authority, but only if the agency chooses to do so.
March 20Ballard Spahr LLP -
In a Q&A, CommonBond CEO David Klein discusses how an OCC charter might benefit customers by lowering the cost to run a student loan refinancing business.
March 17 -
Banks are losing wealthier underbanked customers to alternative lenders — an undercurrent that is halting progress in expanding credit access for all.
March 17Aite Group -
Social Finance's online borrowers are defaulting at higher rates than underwriters for one of its bond deals had expected, the latest sign that an industry that hoped to upend banking is now getting tripped up by bad loans.
March 14 -
Several startups have announced new funding rounds in the last month. They plan to use the cash to improve their products and ramp up sales.
March 13 -
Host Brett King reports from this week's LendIt conference in New York.
March 10 -
By relying heavily on where a borrower went to college, online lenders may run afoul with regulators and could be missing out on good credits.
March 9 -
No fees, no automated voice response and lots of direct mail are among the investment bank’s tactics for its consumer fintech venture.
March 7 -
The Kennesaw, Ga.-based firm, which makes online installment loans to borrowers with blemished credit records, currently operates in 14 states.
March 7 -
The Innovative Lending Platform Association and the Coalition for Responsible Business Finance announced Monday that they are joining forces.
March 6