Commercial lending

We should all understand now that pure gain-on-sale marketplace lending businesses, like LendingClub, are inherently unstable.

The abrupt resignation of the firm's founder and CEO, under a cloud, seems likely to fan investors' growing fears about the marketplace lending sector. It could also hasten regulatory scrutiny.

Boston Private Financial Holdings is expanding its footprint in California, opening a new office in Los Angeles on June 1. The company will have 35 offices nationwide, including 14 on the West Coast.

Fed up with the hassles of applying for a multitude of state licenses and relying on bank partners, fintech firms are increasingly interested in applying for a national bank charter — and federal regulators are considering ways to accommodate them.

State Bank Financial in Atlanta just hired a lending team that will take its SBA lending operation to the next level. The moves comes as the SBA reports a record number of 7(a) loans.

LendingClub Corp. founder and Chief Executive Officer Renaud Laplanche resigned after an internal review of loan sales to a single investor. President Scott Sanborn will be acting CEO.

Square's practice of using its merchant transaction data for risk analysis may seem innovative, but other agile specialists — including Intuit — are finding ways to use new data streams to limit risk and deliver funds to borrowers.

A proposed class-action lawsuit against LendingClub threatens investors in bonds backed by its loans and similar debt even if the plaintiff loses, Moody's Investors Service said Thursday.

Loan growth at several Boston banks, including many former mutuals, is higher than the national average. Still, bankers are closely watching for any indication that a bubble is forming.

Banc of California bulked up quickly in the aftermath of the financial crisis, first through acquisitions and now with organic growth. CEO Steven Sugarman discusses how his bank manages its exposure while preparing to cross an important regulatory threshold.