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More stringent underwriting is the likely reason banks and credit unions are seeing relatively low levels of delinquencies on car loans to high-risk borrowers.
November 14
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Bipartisan proposal would remove the SIFI label from more than two dozen banks; European regulator cautions investors on the risks as bitcoin price plunges.
November 14
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The San Francisco company is one of numerous online lenders that are struggling to become profitable.
November 13
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Consumers who have borrowed from online lenders owe more and have lower credit scores than similarly situated consumers who have not used online lenders, according to a study released Thursday by the Cleveland Fed. The provocative findings seem likely to spark intense debate.
November 10
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The San Francisco firm is the latest U.S. lender to tighten credit standards amid concerns that consumers are shouldering too much debt.
November 8
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Dinesh Chopra is online bank's first-ever chief strategy officer.
November 8 -
The San Francisco-based lender still posted losses in its portfolio, although those declined considerably from the year-ago period.
November 7
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Residents' low incomes usually disqualify them for standard student loan refinancings, but SoFi and other lenders describe these borrowers as strong credits with high earnings potential who could offset some of the risks lurking in student loan pools.
November 7
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The firm outlined a plan in September to generate $5 billion in additional revenue over the next three years, with more than 40% of that coming from lending.
November 7
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Bill Donnelly was named the first-ever finance chief at San Francisco-based LendUp.
November 7
