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Favorable economic factors wont last forever for lending startups. Here are the factors that will make or break nonbank lenders when market conditions get rockier.
March 24
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Online lender StreetShares' strategy is based on the premise that borrowers are more likely to repay when they have a genuine personal connection to the lender.
March 23 -
The Consumer Financial Protection Bureau has implemented a new rule that broadens the ability of lenders in rural and underserved areas to originate qualified mortgages.
March 22 -
California Republic Bancorp, which has been aggressively originating and securitizing auto loans for years, is keen on revving up the engine to expand from a 10-state area to a national platform.
March 22
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The Supreme Court on Monday asked the executive branch for its views on a legal case that has sparked worry within the financial industry. That opinion is expected to have a big impact on whether the justices decide to hear Madden v. Midland Funding.
March 21 -
Chicago-based Avant said Monday that it has started offering to refinance car owners loans. The firm also plans to begin financing purchases of new and used vehicles later in 2016.
March 21 -
The Supreme Court on Monday asked the Obama administration to express its views in a case that has raised doubts about the business model used by many online lenders.
March 21 -
Rep. Patrick McHenry, R-N.C., is readying a package of bills, one of which could provide financial tech firms with national standards, so that they wouldn't have to comply with the various state regulations.
March 18 -
American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.
March 18
- Texas
Texas Capital Bancshares in Dallas has hired a TD Bank executive to expand its lending to franchise-related businesses.
March 17
