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LendingClub, under pressure to bolster investor confidence in the loans it arranges online, is boosting interest rates and tightening criteria for borrowers to qualify.
June 7 -
New York's financial regulator has ordered 28 online lenders to disclose whether they offer loans to state residents and to describe the types of financing they provide.
June 3 -
The regional bank has extensively studied the viability of such platforms, but has been unable to develop a plan to fits its risk appetite.
June 3 -
Credit quality has improved across the industry over the past few years, but don't expect that trend to continue because of several economic forces, big-bank CEOs said Thursday.
June 2 -
The Independent Community Bankers of America said that it agrees with the Office of the Comptroller of the Currencys support for responsible innovation in fintech but that it worries marketplace lenders have a regulatory advantage.
June 1 -
A number of executives are warning that midsize borrowers are hoarding cash rather than borrowing, reflecting increased concern about the economy.
June 1 -
FirstBank Florida in Miami has recruited five bankers from area competitors to bolster its commercial banking department.
June 1 -
The Consumer Financial Protection Bureau will unveil sweeping federal regulations Thursday for payday lenders that could open the door for competition from banks, while forcing lenders to move toward longer-term installment loans. Here's what to track when the plan is released.
May 31 -
At least three community banks have hired lenders who once worked at banks bought by BB&T. The question is whether those lenders can coax their clients to also make a switch.
May 31 -
The pricing of student loans, and higher-ed degrees themselves, should have more to do with the proven earning power of a university's graduates in the eyes of some innovators. Big data could play a huge role.
May 31