Consumer credit will remain strong in 2020: TransUnion
Casting aside recession fears, the credit bureau predicts credit cards, mortgages, auto loans and unsecured personal loans should all perform well — including those extended by online lenders.
Online banking
Cross River poaches execs from student refinancing firm Laurel Road
The executives were hired for their focus on loan origination, portfolio management and securitization.
Real-time data was Kabbage’s secret sauce, its first investor says
The online lender's recent completion of a $700 million securitization provided Jonathan Ebinger at BlueRun Ventures an opportunity to reflect on what he has learned about the power of alternative data.
Startup’s mission: Help cash-strapped students finish college
It bothered Jeannie Tarkenton, founder of Funding University, that too many kids from lower-income families didn't graduate because they lacked just a few thousand dollars and couldn't get a loan.
Citi developing digital-only bank, CFO says
Citigroup plans to launch an online bank that will be marketed nationally. It is one of several large companies with an online bank or niche platform in operation or on the drawing board.
By
Andy Peters
Online lending is ‘natural evolution of banking’: OCC’s Noreika
Acting Comptroller of the Currency Keith Noreika on Monday gave a ringing endorsement to online lenders seeking to expand into banking, suggesting they should consider taking deposits and seek out national bank charters as they mature.
