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The accounting standard is coming regardless of a delay. It will bring some nonbank lenders to the forefront of banking competition.
August 15
Moody’s Analytics -
The San Francisco company forecast a modest profit in the third quarter because its cost-cutting plans are ahead of schedule. It's also starting a program to sell riskier loans to sophisticated investors.
August 6
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In a downturn, some fintechs, such as independent lenders, will be more vulnerable to economic forces than those working to service banks' regulatory needs.
June 28
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Rather than receiving a lump-sum payment from the online lender, borrowers can now choose to have the proceeds of a debt consolidation loan sent to the companies they owe.
June 18
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The San Francisco-based online lender, which has recorded nearly $450 million in losses since 2016, is taking aggressive steps to achieve adjusted profitability later this year.
May 7 -
The San Francisco-based online lender said that the departures of two prominent board members are not the result of any disagreement with the company.
March 29
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The online consumer lender trimmed its losses in the fourth quarter and says an adjusted, non-GAAP metric suggests it's on the path to getting out of the red later this year.
February 19 -
As the consumer lender announced its seventh consecutive profitable quarter, its CEO bragged that his company is better positioned than the likes of Goldman Sachs and LendingClub.
February 1
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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.
November 14
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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.
November 6
