Marketplace lending

Ex-banker Frank Rotman, now a venture capitalist who focuses on marketplace lending, has a unique vantage point on the competition for small-business loans between banks and Web-based upstarts, as well as on both sides' strengths and weaknesses.

Hours after Jamie Dimon alluded to the budding partnership, the banking giant and marketplace lender went public with their plans to launch an online lending platform in 2016.

The marketplace lender LoanDepot has securitized $150 million of its unsecured personal loans.

The prepaid card giant Green Dot is getting into the matchmaking business.

JPMorgan Chase plans a venture with a peer-to-peer lender to small businesses, Chief Executive Officer Jamie Dimon said.

The Portland, Ore., company is pitching its technology as a way for banks to enter digital lending without sacrificing their relationships with customers.

The online loan broker Fundera has published information about the interest rates paid by customers of its website, the latest development in a debate about transparency of the cost of credit provided by alternative lenders.

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.

Following a trail blazed by rival Social Finance, the two-year-old firm wants to expand beyond lending and offer consumers a broad array of financial products.

The top Democrat on the House Small Business Committee is looking into what regulators are doing to protect small-business borrowers who use online lenders.

The Treasury Department has recently solicited input on how to improve marketplace lending. Here are four ways to help improve access to credit.

The American Bankers Association is deemphasizing the crisis-era fight over regulation and refocusing on the rising competitive threat posed by technology companies.

CEOS of midsize banks traveled to Washington recently to seek relief from some of the more onerous regulations that they say are making it harder for them to compete with both big banks and largely unregulated marketplace lenders that are aggressively going after their customers.

Marketplace lenders are still so new that their business model is untested and unproven, raising fears both for consumers and the industry at large, Federal Deposit Insurance Corp. officials and several bankers said Thursday.

Raj Date, the consumer bureau's former deputy director, said Thursday regulators need to be flexible, responsive and use discretion when it comes to dealing with financial technology startups.

The relevant question is no longer whether new regulations will come for the fast-growing industry, but what form they should take.

Revenue growth outpaced rising expenses at OnDeck Capital during the third quarter, allowing the fast-growing small-business lender to turn a profit.

Los Angeles-based marketplace lender AssetAvenue has named a new chief executive.

Now the question is: will online portals become a significant source of financing for U.S. small businesses, or will red tape get in the way?

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.