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    <title>Happen Bank</title>
    <link>https://asreport.americanbanker.com/organization/happen-bank</link>
    <description>Happen Bank</description>
    <language>en-US</language>
    <pubDate>Thu, 29 Jul 2021 15:52:30 GMT</pubDate>
    <dc:date>2021-07-29T15:52:30Z</dc:date>
    <dc:language>en-US</dc:language>
    <item>
      <title><![CDATA[ LendingClub, fueled by surge in loans, posts surprise profit ]]></title>
      <link>https://asreport.americanbanker.com/news/lendingclub-fueled-by-surge-in-loans-posts-surprise-profit</link>
      <description><![CDATA[ The digital lender, which bought Radius Bancorp in February, still expects to record a full-year loss partly because of merger-related costs. But its stock price soared Thursday after it reported second-quarter net income of $9.37 million.  ]]></description>
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      <category><![CDATA[ Earnings ]]></category>
      <category><![CDATA[ Happen Bank ]]></category>
      <category><![CDATA[ Digital banking ]]></category>
      <category><![CDATA[ Marketplace lending ]]></category>
      <pubDate>Thu, 29 Jul 2021 15:52:30 GMT</pubDate>
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      <dc:creator>Polo Rocha</dc:creator>
      <dc:date>2021-07-29T15:52:30Z</dc:date>
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    <item>
      <title><![CDATA[ OCC approves LendingClub acquisition of Radius ]]></title>
      <link>https://asreport.americanbanker.com/news/occ-approves-lendingclub-acquisition-of-radius</link>
      <description><![CDATA[ The regulator's order moves the San Francisco-based company one step closer to becoming the first online lender to own a bank.  ]]></description>
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      <category><![CDATA[ M&A ]]></category>
      <category><![CDATA[ Happen Bank ]]></category>
      <category><![CDATA[ OCC ]]></category>
      <category><![CDATA[ Charter conversions ]]></category>
      <pubDate>Thu, 31 Dec 2020 16:13:03 GMT</pubDate>
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      <dc:creator>Hannah Lang</dc:creator>
      <dc:date>2020-12-31T16:13:03Z</dc:date>
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      <title><![CDATA[ Online loans are holding up better than expected ]]></title>
      <link>https://asreport.americanbanker.com/news/online-loans-are-holding-up-better-than-expected</link>
      <description><![CDATA[ Fintech lenders that reported a surge in missed payments at the start of the pandemic have seen credit quality rebound substantially since. But credit performance could still deteriorate if high unemployment persists and Congress fails to enact more relief measures.  ]]></description>
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      <category><![CDATA[ Consumer lending ]]></category>
      <category><![CDATA[ Marketplace lending ]]></category>
      <category><![CDATA[ Fintech ]]></category>
      <category><![CDATA[ Happen Bank ]]></category>
      <category><![CDATA[ Coronavirus ]]></category>
      <pubDate>Tue, 08 Sep 2020 17:40:10 GMT</pubDate>
      <guid isPermaLink="false">00000174-6ec8-d8a9-a7f4-fffa41390001</guid>
      <dc:creator>Kevin Wack</dc:creator>
      <dc:date>2020-09-08T17:40:10Z</dc:date>
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    </item>
    <item>
      <title><![CDATA[ Santander Group invests $40M in consumer lender Upgrade ]]></title>
      <link>https://asreport.americanbanker.com/news/santander-group-invests-40m-in-lendingclub-founders-startup</link>
      <description><![CDATA[ Other challenger banks focused on personal loans have struggled since the onset of the coronavirus pandemic.  ]]></description>
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      <category><![CDATA[ Digital banking ]]></category>
      <category><![CDATA[ Digital Banking 2020 ]]></category>
      <category><![CDATA[ Marketplace lending ]]></category>
      <category><![CDATA[ Consumer lending ]]></category>
      <category><![CDATA[ Happen Bank ]]></category>
      <pubDate>Wed, 17 Jun 2020 19:16:12 GMT</pubDate>
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      <dc:creator>Penny Crosman</dc:creator>
      <dc:date>2020-06-17T19:16:12Z</dc:date>
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    <item>
      <title><![CDATA[ LendingClub laying off 460 staffers, including president ]]></title>
      <link>https://asreport.americanbanker.com/news/lendingclub-laying-off-460-staffers-including-president</link>
      <description><![CDATA[ The online lender, reeling from the economic fallout of the coronavirus pandemic, also said it is cutting senior executives' salaries by 25%.  ]]></description>
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      <category><![CDATA[ Workforce management ]]></category>
      <category><![CDATA[ Consumer lending ]]></category>
      <category><![CDATA[ Fintech ]]></category>
      <category><![CDATA[ Happen Bank ]]></category>
      <category><![CDATA[ Coronavirus ]]></category>
      <pubDate>Wed, 22 Apr 2020 00:48:22 GMT</pubDate>
      <guid isPermaLink="false">00000171-9f41-d6f0-adf9-9f43b0330001</guid>
      <dc:creator>Paul Davis</dc:creator>
      <dc:creator>Kevin Wack</dc:creator>
      <dc:date>2020-04-22T00:48:22Z</dc:date>
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    </item>
    <item>
      <title><![CDATA[ Online lenders seek to balance the needs of borrowers, investors ]]></title>
      <link>https://asreport.americanbanker.com/news/online-lenders-seek-to-balance-the-needs-of-borrowers-investors</link>
      <description><![CDATA[ While LendingClub, Prosper, Avant and SoFi are giving existing borrowers breaks in the short term, they're considering tightening credit as the coronavirus outbreak threatens to drag the economy into a recession.  ]]></description>
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      <category><![CDATA[ Marketplace lending ]]></category>
      <category><![CDATA[ Digital banking ]]></category>
      <category><![CDATA[ SoFi ]]></category>
      <category><![CDATA[ Happen Bank ]]></category>
      <category><![CDATA[ Coronavirus ]]></category>
      <pubDate>Thu, 26 Mar 2020 16:38:02 GMT</pubDate>
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      <dc:creator>Miriam Cross</dc:creator>
      <dc:date>2020-03-26T16:38:02Z</dc:date>
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    <item>
      <title><![CDATA[ What LendingClub and Radius saw in each other ]]></title>
      <link>https://asreport.americanbanker.com/news/inside-the-lendingclub-radius-bank-merger</link>
      <description><![CDATA[ The heads of the two companies explain how the deal came about, what hurdles they face and how they plan to mash up their very different operations.  ]]></description>
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      <category><![CDATA[ Fintech ]]></category>
      <category><![CDATA[ M&A ]]></category>
      <category><![CDATA[ Data integration ]]></category>
      <category><![CDATA[ Happen Bank ]]></category>
      <pubDate>Thu, 20 Feb 2020 19:13:50 GMT</pubDate>
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      <dc:creator>Penny Crosman</dc:creator>
      <dc:date>2020-02-20T19:13:50Z</dc:date>
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    <item>
      <title><![CDATA[ LendingClub to acquire Radius Bancorp for $185 million ]]></title>
      <link>https://asreport.americanbanker.com/news/lendingclub-to-acquire-radius-bancorp-for-185-million</link>
      <description><![CDATA[ The deal for Boston-based Radius would be the first in history in which an online lender buys a mainstream bank.  ]]></description>
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      <category><![CDATA[ M&A ]]></category>
      <category><![CDATA[ Fintech ]]></category>
      <category><![CDATA[ Happen Bank ]]></category>
      <category><![CDATA[ Consumer lending ]]></category>
      <category><![CDATA[ Community banking ]]></category>
      <pubDate>Tue, 18 Feb 2020 22:14:07 GMT</pubDate>
      <guid isPermaLink="false">00000170-5a55-d70c-a7f0-5bff0a900001</guid>
      <dc:creator>Kevin Wack</dc:creator>
      <dc:date>2020-02-18T22:14:07Z</dc:date>
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    <item>
      <title><![CDATA[ Favorable regulatory, economic signs buoy 2020 MPL outlook ]]></title>
      <link>https://asreport.americanbanker.com/news/favorable-regulatory-economic-signs-buoy-2020-mpl-outlook</link>
      <description><![CDATA[ Marketplace consumer loan ABS volume is expected to rise in 2020, aided by strong 2019 economic tailwinds benefiting originations as well as favorable federal regulatory proposals that could encourage more securitizations.  ]]></description>
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      <category><![CDATA[ Marketplace lending ]]></category>
      <category><![CDATA[ Consumer ABS ]]></category>
      <category><![CDATA[ Consumer lending ]]></category>
      <category><![CDATA[ Happen Bank ]]></category>
      <category><![CDATA[ OCC ]]></category>
      <pubDate>Mon, 30 Dec 2019 03:17:29 GMT</pubDate>
      <guid isPermaLink="false">0000016f-49d1-d229-afef-49f7959c0000</guid>
      <dc:creator>John Hintze</dc:creator>
      <dc:date>2019-12-30T03:17:29Z</dc:date>
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    </item>
    <item>
      <title><![CDATA[ LendingClub's new pitch to institutional investors ]]></title>
      <link>https://asreport.americanbanker.com/news/lendingclubs-new-pitch-to-institutional-investors</link>
      <description><![CDATA[ The company has rolled out an online platform for firms considering marketplace loans as an asset class.  ]]></description>
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      <category><![CDATA[ Marketplace lending ]]></category>
      <category><![CDATA[ ABS ]]></category>
      <category><![CDATA[ Consumer ABS ]]></category>
      <category><![CDATA[ Fintech ]]></category>
      <category><![CDATA[ Consumer lending ]]></category>
      <category><![CDATA[ Happen Bank ]]></category>
      <pubDate>Thu, 10 Oct 2019 19:17:52 GMT</pubDate>
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      <dc:creator>Will Hernandez</dc:creator>
      <dc:date>2019-10-10T19:17:52Z</dc:date>
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    </item>
    <item>
      <title><![CDATA[ Fintech lenders taking more market share from banks, survey finds ]]></title>
      <link>https://asreport.americanbanker.com/news/fintechs-continue-to-take-market-share-from-banks-new-survey-finds</link>
      <description><![CDATA[ Digital-first lenders more than doubled their market share in the last four years, according to a report by Experian.  ]]></description>
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      <category><![CDATA[ Marketplace lending ]]></category>
      <category><![CDATA[ Consumer lending ]]></category>
      <category><![CDATA[ Happen Bank ]]></category>
      <category><![CDATA[ SoFi ]]></category>
      <pubDate>Wed, 25 Sep 2019 21:31:42 GMT</pubDate>
      <guid isPermaLink="false">0000016d-6997-d40d-a7fd-f9b767690000</guid>
      <dc:creator>Will Hernandez</dc:creator>
      <dc:date>2019-09-25T21:31:42Z</dc:date>
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    </item>
    <item>
      <title><![CDATA[ LendingClub eyes 3Q profit, looks to reopen credit spigot ]]></title>
      <link>https://asreport.americanbanker.com/news/lendingclub-eyes-3q-profit-looks-to-reopen-credit-spigot</link>
      <description><![CDATA[ The San Francisco company forecast a modest profit in the third quarter because its cost-cutting plans are ahead of schedule. It's also starting a program to sell riskier loans to sophisticated investors.  ]]></description>
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      <category><![CDATA[ Marketplace lending ]]></category>
      <category><![CDATA[ Earnings ]]></category>
      <category><![CDATA[ Law and regulation ]]></category>
      <category><![CDATA[ Risk appetite ]]></category>
      <category><![CDATA[ Happen Bank ]]></category>
      <pubDate>Tue, 06 Aug 2019 23:24:05 GMT</pubDate>
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      <dc:creator>Kevin Wack</dc:creator>
      <dc:date>2019-08-06T23:24:05Z</dc:date>
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    </item>
    <item>
      <title><![CDATA[ Which fintechs are best positioned to handle a recession? ]]></title>
      <link>https://asreport.americanbanker.com/news/take-the-froth-out-of-the-market-how-fintech-would-fare-in-a-recession</link>
      <description><![CDATA[ In a downturn, some fintechs, such as independent lenders, will be more vulnerable to economic forces than those working to service banks' regulatory needs.  ]]></description>
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      <category><![CDATA[ Economy ]]></category>
      <category><![CDATA[ Credit ]]></category>
      <category><![CDATA[ Credit scores ]]></category>
      <category><![CDATA[ Marketplace lending ]]></category>
      <category><![CDATA[ Refinance ]]></category>
      <category><![CDATA[ Stress tests ]]></category>
      <category><![CDATA[ Regtech ]]></category>
      <category><![CDATA[ Venture capital ]]></category>
      <category><![CDATA[ Venture funding ]]></category>
      <category><![CDATA[ Happen Bank ]]></category>
      <pubDate>Fri, 28 Jun 2019 16:09:05 GMT</pubDate>
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      <dc:creator>Nathan DiCamillo</dc:creator>
      <dc:date>2019-06-28T16:09:05Z</dc:date>
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    </item>
    <item>
      <title><![CDATA[ LendingClub gets ratings boost in new $304M consumer loan ABS ]]></title>
      <link>https://asreport.americanbanker.com/news/lendingclub-gets-ratings-boost-in-new-304m-consumer-loan-abs</link>
      <description><![CDATA[ The marketplace lender has garnered improved ratings in its latest securitization of unsecured consumer loans, a pool featuring a higher proportion of prime borrowers and additional credit enhancement compared to its prior deal.  ]]></description>
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      <category><![CDATA[ Happen Bank ]]></category>
      <pubDate>Mon, 17 Jun 2019 16:34:33 GMT</pubDate>
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      <dc:creator>Glen Fest</dc:creator>
      <dc:date>2019-06-17T16:34:33Z</dc:date>
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    <item>
      <title><![CDATA[ Could LendingClub return to profitability in second half? ]]></title>
      <link>https://asreport.americanbanker.com/news/could-lendingclub-return-to-profitability-in-second-half</link>
      <description><![CDATA[ The online consumer lender trimmed its losses in the fourth quarter and says an adjusted, non-GAAP metric suggests it's on the path to getting out of the red later this year.  ]]></description>
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      <category><![CDATA[ Marketplace lending ]]></category>
      <category><![CDATA[ Earnings ]]></category>
      <category><![CDATA[ Consumer lending ]]></category>
      <category><![CDATA[ Consumer lending ]]></category>
      <category><![CDATA[ Happen Bank ]]></category>
      <pubDate>Tue, 19 Feb 2019 22:43:54 GMT</pubDate>
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      <dc:creator>Kevin Wack</dc:creator>
      <dc:date>2019-02-19T22:43:54Z</dc:date>
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    </item>
    <item>
      <title><![CDATA[ Online lender Marlette reports profit, then takes jabs at the competition ]]></title>
      <link>https://asreport.americanbanker.com/news/online-lender-marlette-reports-profit-then-takes-jabs-at-the-competition</link>
      <description><![CDATA[ As the consumer lender announced its seventh consecutive profitable quarter, its CEO bragged that his company is better positioned than the likes of <a href="https://asreport.americanbanker.com/organization/goldman-sachs">Goldman Sachs</a> and LendingClub.  ]]></description>
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      <category><![CDATA[ Marketplace lending ]]></category>
      <category><![CDATA[ Consumer lending ]]></category>
      <category><![CDATA[ Fintech ]]></category>
      <category><![CDATA[ Credit quality ]]></category>
      <category><![CDATA[ Expense management ]]></category>
      <category><![CDATA[ Happen Bank ]]></category>
      <category><![CDATA[ Goldman Sachs ]]></category>
      <pubDate>Fri, 01 Feb 2019 22:12:11 GMT</pubDate>
      <guid isPermaLink="false">00000168-aac8-dfa8-aded-fefda64a0000</guid>
      <dc:creator>Kevin Wack</dc:creator>
      <dc:date>2019-02-01T22:12:11Z</dc:date>
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    <item>
      <title><![CDATA[ LendingClub keeps boosting credit quality of prime consumer ABS ]]></title>
      <link>https://asreport.americanbanker.com/news/lendingclub-keeps-boosting-credit-quality-of-prime-consumer-abs</link>
      <description><![CDATA[ This marketplace lender's third securitization of the year again features fewer 60-month loans, slightly higher FICOs and lower coupons.  ]]></description>
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      <category><![CDATA[ Marketplace lending ]]></category>
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      <pubDate>Thu, 06 Dec 2018 22:24:25 GMT</pubDate>
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      <dc:creator>Allison Bisbey</dc:creator>
      <dc:date>2018-12-06T22:24:25Z</dc:date>
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    <item>
      <title><![CDATA[ LendingClub reports 3Q loss but offers rosier outlook ]]></title>
      <link>https://asreport.americanbanker.com/news/lendingclub-reports-3q-loss-but-offers-rosier-outlook</link>
      <description><![CDATA[ The San Francisco company, which has racked up big losses over the last two and a half years, signaled Tuesday that it is on a path to profitability after resolving a series of longstanding regulatory problems.  ]]></description>
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      <category><![CDATA[ Marketplace lending ]]></category>
      <category><![CDATA[ Consumer lending ]]></category>
      <category><![CDATA[ Earnings ]]></category>
      <category><![CDATA[ Happen Bank ]]></category>
      <pubDate>Tue, 06 Nov 2018 23:38:29 GMT</pubDate>
      <guid isPermaLink="false">00000166-eb08-d885-a16e-eb7ba0190000</guid>
      <dc:creator>Kevin Wack</dc:creator>
      <dc:date>2018-11-06T23:38:29Z</dc:date>
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    </item>
    <item>
      <title><![CDATA[ Renaud Laplanche’s redemption story is a bad omen for fintech  ]]></title>
      <link>https://asreport.americanbanker.com/opinion/renaud-laplanches-redemption-story-is-a-bad-omen-for-fintech</link>
      <description><![CDATA[ Despite being barred from the securities industry by the SEC, LendingClub’s founder has found plenty of people to back his latest venture — and that’s a problem.  ]]></description>
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      <category><![CDATA[ Fintech ]]></category>
      <category><![CDATA[ Fintech regulations ]]></category>
      <category><![CDATA[ Happen Bank ]]></category>
      <category><![CDATA[ SEC ]]></category>
      <pubDate>Fri, 19 Oct 2018 14:45:27 GMT</pubDate>
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      <dc:creator>Todd H. Baker</dc:creator>
      <dc:date>2018-10-19T14:45:27Z</dc:date>
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      <myauthor:jobTitle>Senior Fellow, Columbia University</myauthor:jobTitle>
      <myauthor:profileLink>https://asreport.americanbanker.com/author/todd-h-baker</myauthor:profileLink>
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    <item>
      <title><![CDATA[ Renaud Laplanche's journey from scandal to second act ]]></title>
      <link>https://asreport.americanbanker.com/news/renaud-laplanches-journey-from-scandal-to-second-act</link>
      <description><![CDATA[ The LendingClub founder responded to being booted from his company by starting a new one with involvement from former investors — and a loan buyer he had supposedly wronged.  ]]></description>
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      <category><![CDATA[ Marketplace lending ]]></category>
      <category><![CDATA[ Fintech ]]></category>
      <category><![CDATA[ Happen Bank ]]></category>
      <pubDate>Wed, 29 Aug 2018 18:39:00 GMT</pubDate>
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      <dc:creator>Penny Crosman</dc:creator>
      <dc:date>2018-08-29T18:39:00Z</dc:date>
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