News Topic: Consumer lending
Search Results
Court decision muddies debt collector communications
Credit card companies bringing back huge points offers
How Ally uses AI to approve auto loans
What Supreme Court’s FTC ruling means for LendingClub
Why are complaints about credit bureaus soaring?
LendingClub says 2021 losses will be lower than expected
Groups urge OCC to examine bank's involvement in student loan product
Bank of America optimistic it can put deposits to work in 2021
JPMorgan Chase's 1Q profits surge despite weak loan demand
U.S. consumer credit surges by the most since late 2017
When incorporating alternative credit data, put fairness before speed
Finicity plots growth in mortgage and credit in yellow sneakers
How racial justice push sparked new CRA law in Illinois
Illinois caps consumer rates at 36%, adopts state-level CRA
Two banking bills signed by Gov. J.B. Pritzker carry implications for payday lenders, auto title lenders, credit unions and nonbank mortgage lenders. Pritzker, a Democrat, said the bills will address racial-equity gaps in the state. ]] ... Read full article
Card issuers reliant on miles, hotel rewards await travel rebound
Large banks that counted on airline and hospitality points to drive loan growth in the credit card business are anticipating renewed demand once safety concerns subside. But they’re also cautioning that the recovery in travel spending is likely to be ... Read full article
Credit outlook brightens, but recovery hinges on vaccinations: ABA
Bank economists predict further improvement in the quality and availability of consumer and business credit now that a third stimulus package has been approved. Still, COVID-19 vaccine distribution will determine how quickly the U.S. economy rebounds. ]] ... Read full article
Challenger bank rolls out first FICO-free credit card
TomoCredit relies strictly on cash-flow data to gauge the creditworthiness of immigrants and young consumers, who often have too little financial history for traditional scoring models. ]] ... Read full article
Strike the right balance in regulating small-dollar lending
There are ways to remove bad actors from the industry — such as reinstating the Consumer Financial Protection Bureau’s payday lending rule and banning certain fees and collection practices — without hindering consumers’ access to emergency credit. ... Read full article
Regional banks wonder: When’s the right time to release loss reserves?
M&T Bank, Citizens Financial and Huntington Bancshares are playing it safe even as some of their counterparts have started to trim allowances in response to government stimulus efforts and rapid progress in the rollout of the coronavirus vaccine. ... Read full article