LendingTree: Personal loan inquiries at calendar-year lows
The COVID-19 crisis is taking its toll on the personal loan industry. According to data from LendingTree, the publicly traded...
Retail Banking
Weekly Wrap: SBA loans, SoFi and Galileo take center stage
One week after the Small Business Administration launched its Paycheck Protection Program, banks and fintechs alike are still navigating best...
Fintechs push education for struggling customers
Challenger banks are finding their educational and budgeting tools increasingly relevant as the novel coronavirus rattles the economy. “This is...
Banks retool customer service in the scramble for PPP loans
Banks are feeling the pressure of small businesses nationwide applying for Paycheck Protection Program loans. With the launch of the...
SBA loan platforms could be fintech’s ‘big moment’
A handful of fintech providers are bringing SBA Paycheck Protection Program loan platforms to market, a move that could be...
Better.com profits from low interest rates and recent layoffs
Laid-off hospitality workers can start new careers as loan officers with Better.com. The digital mortgage lender plans to hire 1,000...
SoFi to buy Galileo for $1.2B to broaden reach
In a year of major fintech acquisitions, SoFi today announced a $1.2 billion deal to acquire Galileo, a financial services...
VC firms, startups face headwinds with SBA loans
As small businesses race to apply for Paycheck Protection Program loans from the Small Business Administration, many venture capital firms...
Banking app Dave ‘on the hunt’ for remote work opportunities
Banking platform Dave is increasing its integrations with remote work employers as the coronavirus pandemic keeps consumers home, resulting in...
Chase virtual sessions up 5x since COVID-19 outbreak
JPMorgan Chase has executed almost 150,000 concurrent virtual sessions in the past few weeks which, according to CEO Jamie Dimon,...
