Credit

The San Francisco company said its loan pipeline would be strong the rest of this year.

Installment payments are catching on quickly with merchants and their customers, creating a fierce competition among rivals who are building competing technology and business models to approach the new market.

Much as the fintech wave has sparked investments and deal-making among legacy bank technology vendors and payment processors, Experian, TransUnion and Equifax are entering partnerships and making investments.

In a downturn, some fintechs, such as independent lenders, will be more vulnerable to economic forces than those working to service banks' regulatory needs.

As lawmakers meet this week to discuss artificial intelligence, they should work with regulators to create universal and workable definitions.

As lawmakers meet this week to discuss artificial intelligence, they should work with regulators to create universal and workable definitions.

Aura is one of the few fintechs in the nation to have a community development financial institution designation from the Treasury Department.

Democratic presidential candidate Pete Buttigieg said the way credit scoring is done in the U.S. is fraught with inequality and he's worried the process may get worse with systems based on artificial intelligence.

Banks fear that more competition from nonbanks in commercial real estate will drive down pricing and lead to a relaxation of terms.

The large credit card issuers are becoming more selective about who they are extending credit to and how much they are willing to lend, their CEOs said Tuesday.