Lending

Citizens Bank and Barclays US are among the lenders expanding in this market — with or without fintechs on board.

Citizens Bank and Barclays US are among the lenders expanding in this market — with or without fintechs on board.

The end of the refinancing boom and impending rise in rates are not the only challenges lenders face. As one observer put it, they "can't make loans on homes that don't exist."

On Dec. 31, 2020. Dollars in thousands.

The New York bank, which holds deposits for the stablecoin firm Circle and enables payments for the smart contract provider GreenBox, wants to provide loans to crypto firms as well.

The New York bank, which holds deposits for the stablecoin firm Circle and enables payments for the smart contract provider GreenBox, wants to provide loans to crypto firms as well.

Data from the National Credit Union Administration shows the two states are bucking the trend of slowdowns in membership and lending.

The Dunedin, Fla.-based institution reported an 18.8% surge in assets last year, along with substantial growth in commercial lending, thanks in part to the Paycheck Protection Program.

The Arlington-based institution made gains across several metrics in 2020, including loan growth of 22%, driven in part by the mortgage refi boom.

Brim Financial contends there's an innovation gap for installment lending that favors larger lenders.