SoFi

LendingClub, Prosper, SoFi and other fintechs are driving the expansion, according to new data from TransUnion.

A judge rules the accounting firm should have detected the fraud that brought down Colonial Bank; Fed deal with Goldman and Morgan Stanley shows softer side.

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

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

Mike Cagney, who built SoFi into America's biggest student loan refinancer before quitting amid allegations of sexual harassment at the fintech firm, is preparing for his second act: a startup offering home-equity loans.

Its is one of a number of companies that argue that taking the side of consumers can be a viable business plan.

As upstart companies mature, they face pressure to develop deeper relationships with their customers. That is leading some to offer to a wider range of products, including deposit accounts.

Gill, who spent 14 years at Goldman, will fill a role that has been vacant since last summer at SoFi.

Social Finance said it will start offering deposit accounts and debit cards to some customers next month. It's the first major new product rollout under Chief Executive Officer Anthony Noto.

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.