I have been following Citizens Bank for many years as they built this robust online lending operation across multiple verticals....
On Thursday, online lender Enova International posted a $52 million profit on $320 million in revenue, up 57% from the same time last year. In addition, total originations increased 26% sequentially to a record $856 million. Despite the good news, the stock saw only a 4% rise before falling back toward its downward trend this month.
Lend Academy shares recent initiatives from Barclays and PNC Financial Services as traditional banks move into the online consumer lending space. Source
According to Stephen Lybarger, deputy comptroller of licensing at the OCC, the new OCC fintech charter might be better suited for...
American Banker reports on a recent study from the Federal Reserve that found small business owners are turning to online...
In the last two weeks along small business lending platform Numerated has signed up more than 70 banks to use...
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