Marketplace lending

House legislation to reverse a federal court decision on state interest rate caps would increase access to credit, not expand predatory lending as critics have argued.

In an interview during his first day on the job, Anthony Noto also spoke about improving the firm's culture and the prospects for an IPO.

The online lender continues to contend with the fallout of a 2016 scandal that led to the ouster of its founder and CEO.

Their partnership aims to make it easier for community banks and other institutional investors to vet loans that they could buy from online lenders.

The legislation, introduced by Rep. Patrick McHenry, R-N.C., would essentially reverse a court ruling that marketplace lenders say has blocked them from helping more consumers access credit.

The online small-business lender is enjoying a payoff from its year-old push to cut costs and tighten underwriting standards. It is also set to announce another lending agreement with a major bank this year, its CEO said Tuesday.

Neptune Financial plans to use technology to improve the efficiency in making loans to companies with $10 million to $100 million in annual revenue.

Marquette Bank is proof that community banks don't have to be the fastest or flashiest to compete with online lenders. Instead, the Chicago bank closely mirrored fintech offerings while promoting personal service to set itself apart.

Social Finance set an internal goal of lending more money in 2017 than it had in the previous five years combined. It was an aggressive target and one that counted on everything going exactly right.

The House Financial Services Committee held a hearing Tuesday on the fintech industry as Congress is still beginning the conversation about what a legislative approach should look like.

The online lender to small businesses is expanding its business deeper into traditional banks’ territory with larger loans.

Meta Financial expects to originate $500 million to $1 billion in personal loans as part of a three-year partnership with Liberty Lending in New York.

David Nelms said that many digital lenders do not understand how to underwrite personal loans properly, and he took a dig at their lack of profitability. The upstarts say their industry's ability to attract capital speaks for itself.

StreetShares seeks to tap into the loyalties of military veterans, bringing together borrowers and savers through an online platform.

Executives point out while they are fixing the online lender's very public problems, loan originations are still in the billions and it has expanded into wealth management.

Stepping in after co-founder Mike Cagney's resignation, Twitter's Anthony Noto needs to overhaul the firm's corporate culture, lay the groundwork for an IPO and determine whether to renew SoFi's pursuit of a bank charter.

U2 lead singer Bono is among the latest to support the ambitious mobile-only fintech startup, which applied for a national bank charter in July.

The New York bank has begun marketing Marcus loans as a way to pay for home improvements, while also raising the maximum loan size to $40,000.

The Kennesaw, Ga.-based company, which targets borrowers with blemished credit records, has acquired LoanHero, which specializes in loans at the cash register.

The late-payment rate on loans frequently used to consolidate credit card debt hit its highest level in more than four years.