-
The Kennesaw, Ga.-based firm, which makes online installment loans to borrowers with blemished credit records, currently operates in 14 states.
March 7 -
The Innovative Lending Platform Association and the Coalition for Responsible Business Finance announced Monday that they are joining forces.
March 6 -
Personal financial management tools have long relied on financial data aggregation. Now, aggregators are hoping traditional lenders will take a cue from alternative lenders and use the technology to quicken their underwriting decisions.
March 6
-
Much like how Amazon went from selling books to selling cloud services, the online lenders that succeed well into the future will change how they do business, Scott Sanborn said.
March 6
-
Credit unions are working with crowdfunding platforms to help businesses find additional capital.
March 3
-
Vacancies and rent-slashing have some banks worried that certain markets are overheating, but others say the decline in nonperforming loans is a sign the sector has never been healthier.
March 3
-
The San Carlos, Calif., firm is following a similar blueprint as other online lenders — launching with a particular loan product, refining its algorithms, and then seeking to expand into other corners of consumer finance.
March 2
-
KPMG said Webster did not properly document a change in the way it calculates its provision for loan losses. The bank does not expect to restate its results or incur any meaningful increase in costs because of the problem.
March 2
-
It would encourage tighter underwriting of commercial mortgages, something the investors say is sorely needed.
March 1
-
Banks are seeing mostly positive or neutral trends in loan demand and broader economic indicators in the first six weeks of 2017 and are upbeat about future prospects, according to the Fed's Beige Book.
March 1
