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Daniel Schrider, chief executive of Sandy Spring Bancorp in Olney, Md., discusses a controversial change to loan-loss accounting rules known as the Current Expected Credit Loss standard, or CECL and why it will be a burden for community banks.
May 10
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The steady stream of bad news continues for online marketplace lenders.
May 10 -
Sunshine Bancorp in Plant City, Fla., has agreed to buy FBC Bancorp in Orlando, Fla.
May 10 -
The Treasury Department on Tuesday capped off a nearly yearlong inquiry into the burgeoning marketplace lending industry with a policy paper that recommends increased transparency and customer protections while also highlighting the sector's potential for expanding credit access.
May 10 -
U.S. consumers who lost money to a Canada-based debt and mortgage relief scam will receive nearly $1.87 million.
May 10 -
It is imperative for regulators and lawmakers to approach the online small business loan market with care and an understanding of how these lenders expand access to credit.
May 10
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State officials in California have asked top online lending firms a series of probing questions regarding their compliance with laws and regulations dealing with referral fees, bank partnerships, fair lending and other sensitive issues.
May 9 -
We should all understand now that pure gain-on-sale marketplace lending businesses, like LendingClub, are inherently unstable.
May 9
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A dozen directors were re-elected at Middleburg Financial in Virginia despite a protest from the company's biggest investor.
May 9 -
The abrupt resignation of the firm's founder and CEO, under a cloud, seems likely to fan investors' growing fears about the marketplace lending sector. It could also hasten regulatory scrutiny.
May 9
