News Topic: Consumer lending

Think Finance, which had teamed with tribal lenders to offer high interest installment loans, could no longer make or collect on loans in states that have caps on interest rates, under terms of a proposed settlement with the Consumer Financial Protection ... Read full article

Higher rates are looming for transactions on e-commerce sites, while merchants in certain services categories, such as real estate and education, will see fees decline, according to a document Visa sent to banks. ... Read full article

Mortgages, auto loans and credit cards should perform well for the next two quarters. Beyond that, all bets are off. ... Read full article

JPMorgan Chase's Mike Weinbach, chief executive of the home lending business, is departing JPMorgan Chase after 16 years. ... Read full article

The consumer bureau alleges the Providence, R.I., bank mismanaged billing error claims over a six-year period. Citizens Bank says it is “puzzled and disappointed” by the agency’s action. ... Read full article

Loans made for Fiat Chrysler represented the largest chunk of Santander Consumer's lending in the fourth quarter, and Mahesh Aditya said their relationship is his top priority. ... Read full article

The largest bank in Puerto Rico said hundreds of millions of dollars of its mortgages and consumer loans are tied to the parts of the island hit by the recent quake or still recovering from two hurricanes. ... Read full article

The U.S. arm of Toronto-Dominion Bank said Matt Boss will oversee credit cards, residential loans and deposit products, among other areas. ... Read full article

The company best known for student lending expanded into personal lending less than two years ago. Now it says it is refocusing on core strategic priorities. ... Read full article

The credit card lender has seen problem loans spike since it introduced a feature that lets at-risk customers restructure loans through its online and mobile channels. ... Read full article

The new group should look at protecting consumer data and how nonprime financial consumers are treated through new regulations. ... Read full article

Roughly a decade after being burned by the most punishing financial crisis since the onset of the Great Depression, it's increasingly clear that the nation's largest lenders are targeting a narrower slice of consumers: The wealthy and those with ... Read full article

Citizens Financial Group’s fourth-quarter results highlight the challenges regionals face in generating top-line growth. ... Read full article

The fintech Sezzle received its license after agreeing to refund customers and pay a fine for previously making loans that state regulators had deemed illegal. ... Read full article

Total loans at Regions Financial fell slightly last year, but executives say a shift in consumer lending priorities and more aggressive C&I lending will start to pay off this year. ... Read full article

The New York bank said Wednesday that its first-ever credit card has brought in nearly $2 billion of loans in less than six months. ... Read full article

Brian Moynihan said banks must be mindful of pricing and risk as they contend with lower yields on loans and securities. ... Read full article

The percentage of consumers who are past due on home equity loans, RV and other personal loans also rose in the third quarter, data released by the American Bankers Association showed. ... Read full article