Marketplace lending

It's official: Goldman Sachs, the Wall Street investment banking titan, now offers consumer loans.

Regions Financial in Birmingham, Ala., has introduced an online consumer lending product that it uses technology developed by Avant.

Thomas Depping, who quit banking out of frustration with regulators five years ago, says Warburg Pincus' deep pockets will help him make Ascentium Capital a household name among small-business borrowers.

For regulators to develop a unified framework for fintech companies to operate in, they first have to come to a consensus.

A new app aims to modernize the automobile financing process by allowing car shoppers to get credit approval on their phones.

Prosper Marketplace is closing the secondary market for its loans, citing a lack of demand among investors.

Community bankers are showing renewed interest in consumer lending but admit they may be losing ground to more tech-savvy players, according to a survey released Thursday.

The Wall Street firm believes that its gold-plated brand will help attract middle-class borrowers.

Marketplace lenders' share of the consumer and small-business loan markets is small now, but is expected to grow substantially in the coming years. Banks looking to get in on the action have two choices: team up with these established players that have already perfected the technology or try to beat them at their own game.

The parent company of the consumer lender LendUp has been fined more than $6.3 million by the Consumer Financial Protection Bureau and the California Department of Business Oversight for overcharging borrowers and violating payday and installment lending laws.