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Two of the biggest online consumer lenders don't always check whether borrowers are lying to them, and if they find errors in an application, they may still approve the loan.
June 14
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The New York firm, which offers high-cost credit to small businesses, has attributed its recent struggles to certain loans performing worse than had been expected.
June 13
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JPMorgan Chase’s partnership with OnDeck Capital was expected to augur a wave of similar agreements between banks and online business lenders. But so far, most banks have avoided joining forces with companies they also view as competitors.
June 13
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The Utah company has similar arrangements with Staples, GoDaddy and LegalZoom.
June 13
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Customers were previously required to provide access to their accounting software, but now they can connect a business bank account instead.
June 13
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House financial services committee head agrees to drop swipe-fee repeal in order to save Financial Choice Act; Federal appeals court appears skeptical about declaring agency's makeup unconstitutional.
May 25
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Online lenders are evading New York regulations by claiming their loans are “made” by federally chartered or out-of-state partner banks, Department of Financial Services Superintendent Maria Vullo told lawmakers Monday.
May 22
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Steve Allocca is expected to play a key role in the online lender’s efforts to restart loan growth.
May 16
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The Silicon Valley lender that caters to affluent millennials has ambitions to become a one-stop shopping destination for financial services.
May 16
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Brendan Dickinson of Canaan Partners says PFM startups have deep relationships with customers, unlike online lenders, but the revenue model isn't as strong.
May 12
