loans

Upstart Sees Surge in Demand for Auto and Small Dollar Loans

Upstart Sees Surge in Demand for Auto and Small Dollar Loans
Upstart Sees Surge in Demand for Auto and Small Dollar Loans
August 05, 2025  |  Earnings

Triple-digit gains across key business segments — as measured in loan originations and revenues — were not enough to stave off a 7% drop in...

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Figure Plans IPO for Blockchain-Based Lending Platform
Figure Plans IPO for Blockchain-Based Lending Platform
August 05, 2025  |  IPO

Figure Technology Solutions says it is preparing to go public. The company, which employs blockchain technology for home loans and offers cryptocurrency-backed loans, announced Monday...

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BlackRock Investing $1 Billion in LendingClub’s Marketplace
BlackRock Investing $1 Billion in LendingClub’s Marketplace
August 05, 2025  |  Loans

Investment management giant BlackRock has inked a new agreement with financial services company LendingClub. This arrangement, announced in a news release Tuesday (Aug.) will see funds and accounts managed by...

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Rising Mortgage Costs Push Affluent Families to the Financial Edge
Rising Mortgage Costs Push Affluent Families to the Financial Edge
August 04, 2025  |  Consumer Finance

For decades, homeownership has stood as the bedrock of the American dream — a symbol of prosperity, stability, and upward mobility. But for millions of...

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UK Wants Lenders to Simplify Digital Loan Applications 
UK Wants Lenders to Simplify Digital Loan Applications 
July 31, 2025  |  Loans

The U.K.’s financial watchdog says lenders need to make online loan applications easier to understand. The Financial Conduct Authority (FCA) said Thursday (July 31) that a review...

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Enova’s Small-Biz Lending Soars as Main Street Turns to Nonbanks
Enova’s Small-Biz Lending Soars as Main Street Turns to Nonbanks
July 25, 2025  |  Earnings

As small businesses navigate an uncertain macro environment, they’re turning to nonbank lenders to gain access to capital. FinTech Enova on Thursday (July 24) reported...

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Fifth Third Says FinTechs Drove Loan Growth in Slow Market
Fifth Third Says FinTechs Drove Loan Growth in Slow Market
July 17, 2025  |  Earnings

Fifth Third Bancorp saw its investments in tech-enabled products continue to pay off in the second quarter, Fifth Third Chairman, CEO and President Tim Spence...

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Why Banks Say ‘No’ to Nearly 3 in 10 Micro-Businesses
Why Banks Say ‘No’ to Nearly 3 in 10 Micro-Businesses
July 11, 2025  |  SMBs

The quest for profitable small business lending is often thwarted not by a lack of demand, but by a shortage of reliable data. The PYMNTS...

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