Marketplace lending

The bureau wants to encourage more innovation without the threat of enforcement, but observers say regulators also need a testing ground to prove they can regulate fintech.

Fintech firms have the federal option they have long sought, but meeting the agency’s application requirements will not be easy.

The New York-based online lender is turning to two European banks to fund loan growth in its overseas markets.

The appointment of David Solomon, who will take over for retiring CEO Lloyd Blankfein, has not altered the bank's aggressive plan to build a mobile phone-based bank for consumers in the U.S. and beyond.

The company, which is dealing with a lawsuit from the Federal Trade Commission tied to certain fees, hired Ronnie Momen from GreenSky as its chief lending officer.

The New York State Department of Financial Services report recommended putting online lenders on a more equal playing field with traditional firms.

The online lender wants to provide instant payments and securitizations alongside instant loans, according to CEO Anthony Noto.

A bill moving through the California Legislature seeks to tame the largely unregulated world of online small-business lending. If passed, it would be the first of its kind nationally, but so far it has failed to satisfy either the industry or its critics.

With the question of a federal charter still looming, Treasury's last report on changes to the financial regulatory system will focus on nonbanks and new tech startups.

It's gotten a lot harder to borrow money from the raft of fintech firms looking to bring online lending into the mainstream.

For many borrowers, near-guaranteed approvals and faster turnaround times are more important than the lower rates offered by banks and credit unions.

A British court throws out Serious Fraud Office charges that the bank conspired with Qatari investors to prop it up; investigators open 70 cases against potentially fraudulent cyber deals.

Legal costs and legacy issues related to previous management continue to weigh on the online lender's results.

The online business lender would have reported its second straight quarterly profit if not for one-time costs tied to layoffs and lease terminations.

Using Orchard’s data science smarts, Kabbage intends to offer new payment products to small businesses and loan portfolio insights to financial institution partners.

The Federal Trade Commission alleges in a lawsuit that the company's "no-hidden-fee" pledge is deceptive. LendingClub says the claims are unwarranted.

Banks may need to do more to help small businesses after a hurricane, flood or other calamity as those firms tend to favor nonbank lenders after an emergency for a number of reasons, according to research by four regional Federal Reserve banks.

The Wall Street giant's acquisition of the app maker Clarity Money is only one part of a long-term strategy to build a digital retail bank from the ground up.

New Resource Bank and P2Bi are splitting the risk and revenue associated with asset-based loans.

The addition of a personal finance app rounds out the loan and deposit-account offerings at the online lender Marcus.