This week is a deep-dive into Citi’s fintech efforts. After losing the banking innovation headline war over the last few years, the big banks have been stepping up their game. Here is how one mega-bank is fighting back… Fortune recently published a feature with a great inside look into Citi FinTech, the team inside of Citi’s… Read More

Midland v Madden: Marketplace lenders continue to follow the Midland case, which questions “Whether the National Bank Act, which preempts state usury laws regulating the interest a national bank may charge on a loan, continues to have preemptive effect after the national bank has sold or otherwise assigned the loan to another entity”.   As a… Read More

LendingClub: An update on the continuing saga of LendingClub. While there have been multiple reports of investors pausing loan purchase and the tanking share price, a Singapore investment group stepped in and bought a nearly 12% stake in the company, with call options for another 6%. The share price has since been stable in the $4 range… Read More