Square Debuts Small Business Banking Platform
The suite of financial products are designed to help small business owners manage their cash flow.
Banks Continue Tighter CRE Lending Policies
The tighter lending standards reflect in part a less favorable or more uncertain outlook for commercial real estate prices.
Non-Prime Online Lender Sets IPO Terms
Elevate Credit loans money "to the vast and underserved segment of 170 million non-prime consumers in the U.S. and U.K."
Auto Sales Slowdown Driving Risk for Lenders
Moody's says credit risk is rising at a time when the average dollar amount of negative equity at trade-in is at record levels.
Prosper’s Loss Increases to $118M in 2016
The online lender's revenue fell 33% as it struggled to obtain loan funding from investors.
Online Lender Avant Cuts 7% of Workforce
The layoffs are another sign of upheaval in the online lending sector as investors have turned negative on funding firms.
California Leads the Way in Alternative Lending
Alternative lenders made $15.9 billion in U.S. loans in 2014, with California transactions increasing by 936% since 2010.
Kabbage to Offer Online Loans With Dutch Bank
Kabbage's venture with ING Groep in Spain aims to get capital to every small business "that needs it and can handle it.”