Change Lending, LLC, a community development financial institution (CDFI), announced that the Federal Home Loan Bank of San Francisco (FHLB-SF) has approved its application for membership. The ...

Lending Club earns revenue by charging a servicing fee on all loans it helps create. The San Francisco-based company said it earned an adjusted profit of 2 cents per share on revenue of $81.2 million.

Lending Club, whose name is often synonymous with online personal loans, helped pioneer the business model of “peer-to-peer” or “marketplace” lending, which matches borrowers with ...

Small-Business Lending by Big Banks Goes From Bad to Worse Credit union approval rates fell to an all-time low in August, while community banks remain a lifeline for entrepreneurs looking for capital.