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A growing number of marketplace lenders and other fintech companies say they no longer use FICO scores or are using them in a limited way. The open question is whether their alternative methods will be more effective.
June 14 -
A megabank on the surface might not seem like the right fit for the financing needs of upstart craft breweries, but Bank of America's Brian Mulvaney has cooked up quite a niche business.
June 14 -
Small-business lenders are scrambling for financing to accommodate a possible real-estate-related borrowing surge once a key federal rule change takes effect next week.
June 13
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State student loan authorities sense a business opportunity helping graduates who are gainfully employed lower their payments. Their low-cost funding could put them in competition with banks and marketplace lenders.
June 10
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Lending Club has revised its loan sales data for the last week of May after discovering that the numbers included loans that it actually bought itself.
June 10 -
A recent op-ed warning of the risks to participation holders in bank failures missed several important points about today's loan market.
June 10
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The federal agency expressed skepticism about industry-developed standards Thursday, suggesting that there is currently no way to enforce the rules or punish bad actors.
June 9 -
With its very survival at stake, the San Francisco-based marketplace lender is balancing key priorities that are sometimes in conflict with each other.
June 8
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Fintech firms and banks should collaborate on using alternative data sources to qualify more borrowers for small-dollar loans.
June 8
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LendingClub abruptly adjourned its annual shareholder meeting Tuesday, saying it wasn't ready to address investors after a leadership shakeup last month. It also overhauled criteria for the consumer loans it arranges online.
June 7
