-
The online lender has already branched out into facilitating payments and analyzing cash flow for small-business customers. Its new checking account is meant to round out those services.
July 22
-
The OCC is proposing steps for determining which party is the "true lender," which affects how the agency oversees such arrangements.
July 20
-
If it’s approved, the charter is expected to lower the fintech’s cost of funds and allow for more product offerings. It comes nearly three years after SoFi pulled the plug on an earlier effort to open an industrial bank.
July 9
-
The 2008 financial crisis transformed banking regulation. But how have those changes held up in the current recession, and what might be coming next?
July 1
-
Upstart, which specializes in the use of alternative data and AI in credit decisions, will make car loans directly and sell its technology to banks and other lenders.
June 24
-
With credit quality suffering due to the coronavirus outbreak, the online business lender faces onerous loan repayments if it can't renegotiate a corporate debt facility.
June 24
-
Former Comptroller of the Currency Gene Ludwig says making online lenders, credit unions and other nonbanks comply with the Community Reinvestment Act would be a powerful tool in addressing racial and economic injustices.
June 22
-
Other challenger banks focused on personal loans have struggled since the onset of the coronavirus pandemic.
June 17
-
The online lender quickly built an app for ride-share drivers with much of their information already filled in.
June 16
-
The challenger bank OakNorth has been peddling its lending platform to U.S. banks for a year. When it saw COVID-19 on the horizon, it retooled to include a ratings system predicting how borrowers will be affected by the pandemic.
June 5
