Marketplace lending

Huntington Bancshares in Columbus, Ohio, said it plans to add 1,000 jobs by 2024 at a new office complex in Columbus and lend $300 million to low- and moderate-income communities in the city over the next five years.

The Consumer Financial Protection Bureau issued a proposal Thursday that asks the public to weigh in on consumer access to financial information, part of a fight between banks and fintech companies about the sharing and control of consumer records.

The Lending Club founder is trying to stage a comeback with the formation of a new online consumer lender. But he will likely face more skepticism than he did during the industry's era of explosive growth.

Zopa is moving away from its longtime status of being a non-bank to apply for a banking license through the Prudential Regulation Authority and the Financial Conduct Authority.

A group of online consumer loans that were packaged into bonds is going bad faster than lenders and bond underwriters had expected, the latest sign that some startups that aimed to revolutionize the banking industry underestimated the risk they were taking.

Aaron Vermut has resigned as chief executive of Prosper Marketplace, according to a report in The Wall Street Journal. Vermut stepped down last week but will remain a director at the San Francisco-based online lender, according to the report, which cites unnamed sources.

Affirm, which has raised $525 million since launching in 2012, would like to expand its services and begin taking deposits.

A Trump presidency might very well accelerate recent efforts to adapt banking regulation to the rise of fintech.

The credit agencies played a role in the Great Recession, but marketplace lenders still need ratings oversight to make their businesses viable.

UpLift is the latest Silicon Valley startup seeking to peel off a slice of the $1 trillion credit card market.

Kenny and Sean Salas, founders of Camino Financial in Los Angeles, have a pretty good idea of what it's like to be a Hispanic small-business owner who can't catch the attention of traditional banks. They have established an online marketplace, a credit-scoring model and relationships with online lenders to help fill the void.

Voters in South Dakota on Tuesday overwhelmingly approved a measure to cap interest rates on payday, installment and auto title loans at 36%, while rejecting a competing amendment sponsored by a large payday lender.

Making customer experience consistently good is a priority, but it's not enough. Great experiences in the future will be tailored to individual needs and preferences.

There were some positive signs in the marketplace lender's quarterly results, but it continues to deal with the fallout from a scandal involving executives who falsified data about loans the company was selling to investors.

OnDeck Capital reported its fourth consecutive quarterly loss on Thursday as investors bought fewer loans and the firm was forced to make costly adjustments to its business.

Malvern Bancorp in Paoli, Pa., is planning to open a commercial lending office in a new market.

A new refinance mortgage offered by SoFi and Fannie Mae lets consumers tap into their home equity to pay down student loan debt at terms more favorable than a traditional cash-out refi.

Cathay General Bancorp in Los Angeles has agreed to a community reinvestment plan tied to its deal to buy SinoPac Bancorp from Bank SinoPac in Taiwan.

Online lenders' struggle with fraud is driving them to join new networks designed to find links between fraudulent loan applications and signs of borrowers trying to obtain multiple loans simultaneously.

Can banks outdo online lending startups in head-to-head competition? We're about to find out. Goldman Sachs, Wells Fargo and Quicken have all entered the digital lending business, putting early entrants on the defensive.