Commercial lending

CAN Capital said Tuesday that CEO Daniel DeMeo has been placed on a leave of absence. Parris Sanz, the company's chief legal officer, is now serving as acting CEO.

Opus Bank in Irvine, Calif., has hired a veteran risk manager to structure senior debt for commercial and specialty banking.

Huntington Bancshares in Columbus, Ohio, said it plans to add 1,000 jobs by 2024 at a new office complex in Columbus and lend $300 million to low- and moderate-income communities in the city over the next five years.

Distinct business plans in promising areas such as smart use of consumer data, cybersecurity and content creation, according to Bank of America Merrill Lynch commercial banking executive Scott Olmsted. And that is just the beginning of his list.

A bill looming in Congress would require the Internal Revenue Service to accept electronic transmission of lending-related forms, which could speed up the lending process by days.

The Consumer Financial Protection Bureau issued a proposal Thursday that asks the public to weigh in on consumer access to financial information, part of a fight between banks and fintech companies about the sharing and control of consumer records.

The Lending Club founder is trying to stage a comeback with the formation of a new online consumer lender. But he will likely face more skepticism than he did during the industry's era of explosive growth.

Zopa is moving away from its longtime status of being a non-bank to apply for a banking license through the Prudential Regulation Authority and the Financial Conduct Authority.

The Farm Service Agency and the Small Business Administration seem to be taking longer to approve guarantees for loans to facilities that house livestock, creating another headache for bankers.

Commercial mortgage lenders, and investors in their bonds, have been more eager than the residential market to embrace Property Assessed Clean Energy loans even though those loans hold a superior-lien position. Here's why.

A group of online consumer loans that were packaged into bonds is going bad faster than lenders and bond underwriters had expected, the latest sign that some startups that aimed to revolutionize the banking industry underestimated the risk they were taking.

Betting the farm on record crop, livestock and dairy prices has turned into a losing investment for an expanding share of America's agricultural heartland. The level of debt to income is the highest in three decades, and growers are increasingly unable to make loan payments.

Aaron Vermut has resigned as chief executive of Prosper Marketplace, according to a report in The Wall Street Journal. Vermut stepped down last week but will remain a director at the San Francisco-based online lender, according to the report, which cites unnamed sources.

If there is one thing credit unions and banks can agree on with regard to the National Credit Union Administration's latest effort to revamp its field-of-membership rules it is this: a lawsuit is brewing.

Banks like SunTrust are looking to tech as a way to gain an edge in commercial lending, an area of banking where innovation has long been lacking.

Affirm, which has raised $525 million since launching in 2012, would like to expand its services and begin taking deposits.

A Trump presidency might very well accelerate recent efforts to adapt banking regulation to the rise of fintech.

The credit agencies played a role in the Great Recession, but marketplace lenders still need ratings oversight to make their businesses viable.

UpLift is the latest Silicon Valley startup seeking to peel off a slice of the $1 trillion credit card market.

Many community bankers are hopeful that the pro-business Republican will reduce regulatory costs for them and their customers, but others remain concerned about Trump's lack of specifics on job creation.