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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.
April 6 -
Millennium Bank in Tennessee has quickened approval times on loan applications by using software that frees lenders from repetitive, manual tasks. The result: Loan balances have increased by more than 50% in less than two years.
April 5 -
China’s threat to impose hefty tariffs on dozens of U.S. imports could weaken demand for soybeans, pork and other agricultural products. Here's what that could mean for farmers, ranchers and the banks that lend to them.
April 4 -
The Atlanta bank will hold the loans on its books and pay Microf for a fee the referrals. The partnership will further its expansion in consumer lending.
April 4 -
The agency would be subject to congressional and White House oversight; American customers will be able to send money to 200 countries.
April 3 -
The state’s banking regulator said that the online consumer lender made over 46,000 small loans to Bay State consumers without a license. The company surrendered its license to the state regulator as part of a 2011 consent order.
April 3 -
The Atlanta company partners with banks and merchants to offer consumer installment loans. It could seek to raise as $1 billion as early as this summer, according to a published report.
April 2 -
Some fear that the removal of such data from individual credit reports could lead lenders to believe a consumer is a better bet than they really are.
April 2 -
As part of a larger regulatory relief effort, regulators have raised the dollar-amount threshold for commercial real estate transactions that require a formal appraisal.
April 2 -
For Remington Outdoor Co., one of the oldest firearms makers in the U.S., not even going bankrupt is easy these days.
March 29 -
No reason was given for his exit by the Silicon Valley lender, which named another prominent economist, Susan Athey of Stanford, to its board of directors.
March 28 -
A majority of midsize and large banks complain that red tape is mounting and that they are passing on higher regulatory costs to customers and have less flexibility in designing products, according to a new survey by the RMA.
March 28 -
The Canadian bank becomes the largest institution to implement the fintech firm’s Bank Operating System technology.
March 28 -
Some investors fear BBVA is taking a big risk by getting into unsecured personal lending long after online lenders have established themselves, but bank officials argue the bank’s cost of funds and in-depth knowledge of its customers will help it to outdo the competition.
March 28 -
Live Oak Bancshares took two years developing a loan for cemetery operators, a group that faces challenges with financing for property improvements.
March 27 -
Even as many venture capitalists retreat from the online lending industry, Upstart Network is hoping to find investors still willing to bet on the business.
March 27 -
The company has agreed to acquire Bank of Rio Vista to expand its operations in central California.
March 27 -
The holding company for Union Bank — itself a unit of the Japanese giant Mitsubishi UFJ Financial Group — is on a mission to double its size and become one of the nation's 10 largest banks. Under Steve Cummings, its first-ever American CEO, MUFG Americas has expanded middle-market lending and amassed $3 billion of consumer deposits through its new online bank. Is a splashy acquisition next?
March 26 -
The bank on Monday launched a loyalty and rewards program aimed at small businesses.
March 26 -
On Dec. 31, 2017. Dollars in thousands, except for average loan amount.
March 26


















