Founder Brett King will now focus on the enterprise software side of the business, which provides mobile banking software to traditional banks.

While LendingClub, Prosper, Avant and SoFi are giving existing borrowers breaks in the short term, they're considering tightening credit as the coronavirus outbreak threatens to drag the economy into a recession.

Former NetSpend CEO Dan Henry has been named as the CEO of Green Dot, the Pasadena, Calif.-based prepaid card issuer and banking company.

Losses on commercial real estate aren’t expected to be as bad as the 2008 crisis; as more cities announce shutdowns, consumers turn to online payments.

The legislation sponsored by Sen. Sherrod Brown, an Ohio Democrat, would require banks to offer the accounts so that consumers could easily access cornonavirus relief funds without turning to high-cost check cashers.

The mobile-only bank offers many standard neobank features and some added payment options.

Online platforms and apps can be utilized to quickly support small businesses and consumers facing unexpected financial hardship.

BankMobile became profitable thanks to its high-volume, low-cost acquisition of student customers. The new CEO's challenge will be holding on to them after they graduate.

The surge in online and mobile use is a high-profile test for the industry — and could foreshadow a permanent consumer shift.

Online platforms and apps can be utilized to quickly support small businesses and consumers facing unexpected financial hardship.