The European Central Bank is reportedly examining the risks banks face from the AI sector. The ECB is asking lenders for further details on their loans to...
Subprime borrowers drove unsecured personal loan originations and balances to record highs, TransUnion said in a Thursday (Feb. 19) press release. Unsecured personal loan originations...
The Federal Reserve wants to get banks to focus on mortgage lending once more, The Wall Street Journal reported Wednesday (Feb. 18). Many banking giants...
A downturn in the software and technology sectors could have an impact that rivals that of the energy sector’s issues in 2016, Bloomberg reported Monday (Feb. 9),...
SoFi’s platform strategy was a centerpiece of fourth-quarter earnings on Friday (Jan. 30): Bring in members, persuade them to adopt multiple products, and let lending,...
Equifax has launched a new machine-learning product designed to combat two forms of first-party fraud: loan stacking and credit washing. The new Credit Abuse Risk...
LendingClub closed the quarter with a sharp increase in lending activity as management pointed Wednesday night (Jan. 28) to increased traction in its LevelUp products....
Credibly has announced a new patent to help it underwrite loans for small- to medium-sized businesses (SMBs), according to a Wednesday (Jan. 28) press release....