Consumer lending

GreenSky loses key partner, raising concerns about its other bank relationships

05/16/19

Regions Financial said Thursday that it will not renew its contract with GreenSky — a move analysts say could prompt other banks to re-examine their lending arrangements with the fintech.

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Banks want the rent-free deal credit unions get on military bases

05/15/19

The Defense Credit Union Council and the Association of Military Banks of America sent dueling letters to Congress about whether banks should pay for space on military installations.

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Bitcoin bounces back; CFPB reviewing overdraft fee rule

05/15/19

"Institutional support" spurs cryptocurrency price gains; the regulation limits what banks can charge for going negative on accounts.

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What’s behind the rise in credit card delinquencies

05/14/19

It’s no coincidence that with more than half of consumers ages 20 to 29 now holding credit cards — up from 41% in 2012 — 90-day delinquency rates are at a seven-year high, according to the New York Fed.

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Doomed or not, the proposal to cap credit card rates at 15% matters

05/13/19

The legislation from Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez is part of an effort to shift the range of what is thinkable in Washington to the left. It may also serve to highlight the vulnerabilities of Democrats with bank-friendly records.

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GreenSky eyes growth in health care, e-commerce loans

05/07/19

The Atlanta company reported a first-quarter revenue increase of 22%, and it has established a more aggressive target for the full year.

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Don’t overhaul CRA just for the sake of it

05/06/19

Proposals to modernize the Community Reinvestment Act should be geared toward making concrete improvements, not upending parts of the law that are already working.

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Florida bank is biggest to be sold to a credit union

05/03/19

MidFlorida Credit Union has agreed to buy the $730 million-asset Community Bank & Trust of Florida in Ocala.

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'Good luck with legislating innovation': Comments of the week

05/02/19

Readers respond to JPMorgan's Twitter gaffe, weigh the role banks should play on issues like climate change, consider the impact of artificial intelligence on fair lending and more.

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CFPB fines student loan servicer $3.9 million for unfair practices

05/01/19

Conduent Education Services has agreed to pay $3.9 million to the CFPB for failing to provide accurate account balances on more than 200,000 student loans.

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