Marketplace lending

Rep. Emanuel Cleaver, D-Mo., has emerged as one of the most outspoken members of Congress when it comes to fintech, both embracing its potential and calling for regulatory guardrails.

Some were sold at discounted prices, while others were shut down by their acquirers or quietly ceased doing business.

BankMobile, the digital-only subsidiary of Customers Bank in Wyomissing, Pa., is planning to use software by Upstart to offer its first credit product to graduates and other young consumers with little to no credit history.

Departing central bank chief says colleagues are committed to strict bank regulation; marketplace lending not living up to promises as delinquencies continue to rise.

In a year of political upheaval and weak commercial credit growth, lenders sought to capitalize on an economic bright spot — consumer spending — by reviving the personal loan, allying with fintechs and exiting traditional business lines that no longer made sense.

Grupo Coppel and Insikt, an online lender, would appear to be cut from different cloth, but they share an expertise in providing credit to working-class, largely Hispanic consumers. The retail conglomerate also operates 1,000 bank branches in Mexico, mixing banking and commerce in a way that U.S. regulators have not allowed.

Fed's supervision chief wants more openness on bank stress tests; cybercurrency jumps 40% in 40 hours, climbing past $19,000.

Women are not only less likely to be approved for loans than men, they are less inclined to apply for loans in the first place. Among the reasons: aversion to debt and fear of rejection, according to a new report.

The court decision regarding the “valid when made” doctrine moved us further away from creating a more effective and inclusive financial system.

Richard Cordray won’t be around anymore to keep an eye on the fintech sector. The question now is: Who will?