Consumer lending

Senate Dems urge CFPB to extend QM patch


Senate Democrats are warning the Consumer Financial Protection Bureau to be careful as it considers changes to its mortgage underwriting rules.


Calif. Senate approves interest rate cap for installment loans


The vote Friday was a victory for consumer advocacy groups that have been pushing for years to rein in lenders that charge triple-digit rates.


Michigan gives green light to credit union targeting LGBT community


Michigan on Monday approved a charter for a new financial institution designed for lesbian, gay, bisexual and transgender customers, clearing the way for online service to begin early in 2020.


Student borrower protection bill stalls in California


A legislative measure would have made the Golden State the first in the nation where aggrieved borrowers could sue their servicers. The bill was delayed until 2020 after banks and other financial companies expressed opposition.


Let’s put some perspective around the small-dollar loan debate


The debate over the CFPB's plan to revamp its payday lending regulation should focus on the benefits for borrowers.


What do car dealers think about outside lenders?


A subsidiary of Citizens Financial Group placed first in a recent J.D. Power ranking of car dealer satisfaction with noncaptive auto lenders. However, that group — primarily banks and credit unions — lagged other types of auto lenders.


Postal banking won’t deliver for USPS


Proponents of a plan to get the Postal Service more involved in banking say it would restore profitability. Actually it would lose more money.


Deutsche's tragic blind spot, USAA's diversity drive, lenders' card obsession: Top stories of the week


Deutsche Bank overhaul plan will put taxpayers and the financial system at risk; the San Antonio company names three women to key technology positions; issuers like Chase and Citi need to think beyond traditional card options; and more from this week's most-read stories.


Is it time to worry about mounting credit card debt?


Borrower debt continues to rise, late payments are up and interest rates are at their highest levels since at least 1994. A new report raises questions about the sustainability of the card industry's boom.


Santander Bank names longtime MUFG Union executive its CEO


The hiring of Tim Wennes was one a series of leadership changes announced Wednesday by the holding company for the bank and the auto lender Santander Consumer.