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American Express plans to debut an online loan platform for small-business clients this year, targeting territory occupied by startups like Square and On Deck Capital.
July 5 -
Berkshire Hills Bancorp is buying a bank with a national mortgage platform. The company hopes the business will provide a much-needed lift in fee income.
July 1
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Kabbage is licensing its digital lending technology to one of Canada's largest banks, which plans to offer an online application process to small businesses.
June 22 -
A growing number of marketplace lenders and other fintech companies say they no longer use FICO scores or are using them in a limited way. The open question is whether their alternative methods will be more effective.
June 14 -
A megabank on the surface might not seem like the right fit for the financing needs of upstart craft breweries, but Bank of America's Brian Mulvaney has cooked up quite a niche business.
June 14 -
Small-business lenders are scrambling for financing to accommodate a possible real-estate-related borrowing surge once a key federal rule change takes effect next week.
June 13
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The federal agency expressed skepticism about industry-developed standards Thursday, suggesting that there is currently no way to enforce the rules or punish bad actors.
June 9 -
Highlands Bancorp in Vernon, N.J., has raised $7.5 million to exit the Small Business Lending Fund.
June 8 -
New Resource Bank has opened its first branch outside its home base of San Francisco with an eye toward furthering its green-lending mission.
June 3 -
The regional bank has extensively studied the viability of such platforms, but has been unable to develop a plan to fits its risk appetite.
June 3
