Fintech Online Lenders Respond to Rising Defaults by Tightening Underwriting Standards
← Previous Article Next Article → Several years of positive growth have been good for investors in fintech lending companies like Social Finance (SoFi), LendingClub, Prosper, and Avant. But after a wave of defaults across these platforms, investors have...
NCUA Proposes Changing Lending Rule to Allow Federal Credit Unions to Offer Payday Alternative Loans
← Previous Article Next Article → In a proposed rule issued last week by the National Credit Union Administration (NCUA) Board, federal credit union members could have more options for short-term, small-dollar borrowing. This comes on the heels of a bulletin...
Mulvaney Says CFPB is Developing “Sandbox” for Fintech Startups to Test Innovative Products with Looser Regulatory Burdens
← Previous Article Next Article → In a speech this week to Women in Housing and Finance, a non-partisan, nonprofit forum for business and policy experts to share their views and insights, Acting CFPB Director Mick Mulvaney announced that the consumer...
