Economy

CircleBack Lending, a Boca Raton, Fla., marketplace lender, has completed a $17.4 million round of equity financing.

A small Internet-focused bank plans to offer Prosper Marketplace's personal loans directly to its own customers through the bank's website. Prosper could use it as a template for deals with other banks.

License numbers for loan officers, real estate agents and settlement agents will be required on one of the new TILA-Respa integrated disclosure forms, raising questions about whether they could trigger investigations of possible illegal marketing services agreements.

Criminal charges don't scare big banks anymore. Perhaps the Justice Department's fresh commitment to threatening top executives with prosecution will keep them in line.

Visa has created a prototype of a car designed to initiate payments, the first step in a five-year plan of changing the way motorists pay for gas and other needs while in transit.

Brayden McCarthy and Jared Hecht of Fundera argue that the Small Business Borrowers' Bill of Rights, a self-regulatory document written by online small-business lenders, should serve as a template for future government regulation of the sector.

Senator Elizabeth Warren is withdrawing her support for a Republican bill that had been on the fast track to bar the Treasury Department from selling Fannie Mae and Freddie Mac preferred shares, according to a person familiar with the matter.

Associated Banc-Corp in Green Bay, Wis., has promoted a longtime executive to Milwaukee market president.

The North Carolina-based BB&T is far larger than any other bank regulated by the FDIC. It should be under the supervision of an agency with more experience overseeing large banks.

Blockchain technology associated with Bitcoin has caught the eye of bankers, but now comes the hard part: figuring out where it can be used — international payments, treasury services or elsewhere — without wasting a lot of time and money in experimentation.

A recap of the informed opinions (and the discussions they generated) on BankThink this week, including banks' subpar shareholder value and how big-data advocates can better communicate with critics who worry about the technology's potential discriminatory effects.

The refinance mortgage market's unexpected resilience in 2015 has come as the result of a number of well-timed factors coalescing to create a welcomed surprise to lenders.

Funding Circle has formed a partnership with H&R Block to provide loans to the tax preparation firm’s small-business customers.

Gregory Baer, the head of regulatory policy for JPMorgan Chase, will be the next president of The Clearing House Association, the group announced Friday.

The Justice Department's announcement that it would target individual executives at banks and other companies that are being investigated for wrongdoing has sparked a debate about whether the move is actually substantive or instead just designed to boost the agency's public image.

The rising costs to service mortgages reflects a market where there are not only downsides to being too small, but hurdles to being too large — raising the question of whether there's a middle ground where servicers are not too big, not too small, but just right.

Arthur Levitt, the chairman of the Securities and Exchange Commission from 1993 to 2001, will become an adviser to the marketplace lender Social Finance.

Orchard Platform, which provides services to institutional investors in the marketplace lending industry, has raised $30 million in additional funding.

Comptroller of the Currency Thomas Curry said banks could consider loan-to-value ratios above 90% to help revitalize areas hurt by the housing crisis.

The key to housing finance reform is a new securitization model that allows the private sector to price and absorb the majority of housing credit risk.