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The New York-based company saw its fortunes fade after riding an earlier wave of investor enthusiasm about marketplace lending.
June 29 -
LendUp is seeking to differentiate itself from competitors by making fast loan decisions and designing its customer experience around the mobile phone.
June 28 -
Mexico's decision to reduce imports of soybean meal, corn and chicken has put more pressure on certain farmers, while creating another situation for lenders to monitor.
June 27 -
Sponsoring securitizations of the loans funded on its platform will give LendingClub more control over its reputation in the market and make it less beholden to direct loan buyers.
June 26 -
A headquarters move to Boston, a core system with plenty of headroom and a CEO who admires big acquirers like M&T and the old Banknorth: All the signs are there of an ambitious bank with a plan.
June 23 -
Operational changes may be enticing to investors, but they threaten the very foundation of marketplace lending, potentially shutting out those the burgeoning sector was meant to serve.
June 23
Davis & Gilbert LLP -
Readers weigh in on chatbots, Amazon’s physical footprint expansion plans, alternative credit data and more.
June 23 -
Oil prices are dropping again, but some lenders think now is the time to recommit to energy lending as long as they underwrite them a certain way for certain borrowers in certain regions.
June 20 -
Four key areas examiners will be looking at related to the new rule that CUs should brush up on today.
June 20
nCino -
The CFPB and others believe alternative data could provide more credit to the unbanked. Small banks and credit unions, however, have lingering concerns about breaking from traditional underwriting.
June 20 -
The CFPB and others believe alternative data could provide more credit to the unbanked. Small banks and credit unions, however, have lingering concerns about breaking from traditional underwriting.
June 19 -
Tim Welsh will succeed Kent Stone, who is retiring. In his new role, Welsh will oversee the bank’s overall consumer and small-business strategy, as well as digital activities.
June 19 -
U.S. C&I loan growth has dropped below that of the eurozone for the first time in six years; bank employee says Chase discriminates against fathers when it comes to family leave.
June 16 -
The online lender, which focuses on high-earning millennials, is offering assurances that it will also serve Americans who make less money. But the company has not convinced critics, who say the plans are inadequate.
June 15 -
AloStar was formed in 2011 by an investor group that bought the failed Nexity Bank in Birmingham, Ala.
June 15 -
Amid a sharp rise in delinquencies, Signature may try to sell all or parts its $603 million taxi medallion loan portfolio.
June 14 -
Two of the biggest online consumer lenders don't always check whether borrowers are lying to them, and if they find errors in an application, they may still approve the loan.
June 14 -
The New York firm, which offers high-cost credit to small businesses, has attributed its recent struggles to certain loans performing worse than had been expected.
June 13 -
CEO Kelly King also did not rule out a return to bank M&A now that BB&T has completed the integration of Susquehanna Bancshares and National Penn Bancshares.
June 13 -
JPMorgan Chase’s partnership with OnDeck Capital was expected to augur a wave of similar agreements between banks and online business lenders. But so far, most banks have avoided joining forces with companies they also view as competitors.
June 13




















