Federal regulators are reportedly investigating lenders backed by the Community Development Financial Institutions (CDFI) program. As Bloomberg Law reported Tuesday (May 26), that’s a program...
SoFi has acquired Peach Finance, a lending infrastructure startup specializing in loan servicing software. The acquisition expands SoFi’s enterprise technology capabilities, according to a Thursday...
Subprime consumers are navigating the credit markets through a mix of installments, informal borrowing and carefully managed payment behavior that traditional scoring models do not...
Figure Technology Solutions’ latest quarter underscored how quickly the company is moving beyond its roots in home equity lending and into a broader marketplace model...
OppFi saw its total net originations decrease 7% in the first quarter as the company tightened credit and as larger tax refunds reduced its customers’...
Credibly is set to bring its small- to medium-sized business (SMB) loans and revenue-based financing products onto Figure’s decentralized lending marketplace, Democratized Prime. The combination...
Building a competitive treasury platform used to be purely the purview of global, bulge-bracket banks. But as recent quarterly earnings and marketplace announcements across the...
SoFi’s first-quarter results point to a platform strategy that is no longer aspirational but measurable, as member growth, product adoption and cross-selling combine to deepen...