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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 -
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
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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
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FirstBank Florida in Miami has recruited five bankers from area competitors to bolster its commercial banking department.
June 1
