Commercial lending

Cordia Bancorp recently sold its student lending platform due to concerns about loan concentrations. In doing so, the Virginia company provided another example of why it is difficult for smaller institutions to gain traction in marketplace lending.

A new survey from seven regional Federal Reserve banks found that many small businesses are going online to access credit. But even when they are approved, applicants often end up dissatisfied because the loans carry high interest rates or have unfavorable repayment terms.

Complying with legal and credit bureau criteria for data furnishers is just one of the compelling reasons why a marketplace lender may take a pass on reporting credit data.

Prosper Marketplace has tapped USAA executive David Kimball to be its next chief financial officer.

Lenders repeatedly reassured skeptics that their credit risks from the energy slump were under control. But more oil and gas companies are filing for bankruptcy, and more of them are said to be drawing down their credit lines — signaling that the worst may be yet to come.

Cordia said in a press release Tuesday that it sold its CordiaGrad platform to its Jack Zoeller, the $348 million-asset company's chief executive.

More than 200 small banks across the country will be able to offer online loans to their small-business customers as part of a new partnership announced Tuesday.

Comerica in Dallas is warning that its loan-loss provision this quarter will be larger than previously estimated because of falling oil prices.

The nation's largest marketplace lender announced changes Friday to its partnership with Utah-based WebBank. The revisions are designed to preserve Lending Club's ability to ignore state interest rate caps.

Regulators’ focus on having banks and credit unions offer payday loan alternatives to underserved consumers overlooks the success of Web-based companies in filling credit gaps.