Marketplace lending

Bank technologists see the potential for AI in lending, money laundering detection, fraud and other areas. Regulators and bank executives insist on “explainability.”

The state has expanded the scope of ongoing legal actions against Avant and Marlette to include several securitization trusts and trustees.

Rushing to copy the Amazon experience, banks and fintechs are focused on simplifying financial services online. A Georgia Tech researcher says that approach is risky.

The online lender will roll out the business early next year with a focus on loans of less than $100,000.

The alternative is waiting for state and federal regulators to take steps that could disrupt the flow of capital and put some firms out of business.

An agency report said servicing portfolios have shrunk by nearly half in 10 years as much of the mortgage market has shifted to nonbanks.

The credit union stalwart purchased Mirador, which is heavily dependent on bank relationships. The challenge now is keeping those clients in the fold.

CUNA Mutual, a service provider to credit unions, recently bought Mirador, which is heavily dependent on bank relationships. The challenge now is keeping those clients in the fold.

Social Finance, the lending and refinancing startup valued at more than $4 billion, is cutting about 7% of its staff, according to a person familiar with the matter.

He will take over as CEO from Carlos Torres Vila, who becomes chairman at year-end. Still unknown: who will run the company's U.S. bank once Genç moves up.

Date, now a venture capitalist, worked with the lending software company's CEO, Dan O'Malley, at Capital One in the 2000s.

Warren Kornfeld, senior vice president at Moody’s Investors Service, explains why banks’ fear of Amazon, Apple, Facebook and other tech giants is legitimate.

Minorities are still charged more for mortgages when all other applicable credit factors are equal — both in person and online, according to a new study by the University of California, Berkeley.

The online lender will roll out its first new product in 12 years, a home equity line of credit. But it's taking a different approach than with its original offering.

Will it be a bigfoot from Amazon, Google and Apple, or death by a thousand bites from niche rivals? Or can banks and credit unions rally and fend off the insurgents?

Will it be a bigfoot from Amazon, Google and Apple, or death by a thousand bites from niche rivals? Or can banks rally and fend off the insurgents?

The head of the agency developing the special-purpose federal license said the process is moving forward “independent” of legal challenges mounted by state regulators.

The San Francisco company, which has racked up big losses over the last two and a half years, signaled Tuesday that it is on a path to profitability after resolving a series of longstanding regulatory problems.

The Atlanta-based consumer lender, which partners with both retailers and banks, cited a higher-than-expected cost of funds as one reason for its less rosy forecast.

The New York-based online lender plans to spend an additional $15 million next year, largely on bank partnerships and international expansion.