News Topic: Consumer lending

While student, auto and credit card balances are at or near record levels, housing debt is shrinking, credit quality is weakening a bit and lending standards, at least in some sectors, are tightening. ... Read full article

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. ... Read full article

The agency’s proposed changes to its standard for small-dollar loans will help ensure underbanked consumers still have access to credit. Concerns about predatory lending are overstated. ... Read full article

The company's expansion into new business lines could help offset recent declines in loan volume. ... Read full article

Flaws in testing may be real source of Wells Fargo's tech failure; BB&T-SunTrust deal throws talent and deposits up for grabs, threatens banking's middle tier; what JPMorgan Chase's JPM Coin means for Ripple and Swift; and more from this ... Read full article

The moves are aimed at beefing up consumer lending and attracting deposits in markets where Citi has no branch presence. ... Read full article

Lawmakers should step in to address the proper status of loans made by banks that have partnered with fintechs, rather than letting the courts decide. ... Read full article

New research from the New York Fed found that banks with more than $50 billion of assets originate more subprime car loans than small banks and credit unions do. ... Read full article

The installment lender, which bills itself as an alternative to payday lenders, targets underserved communities and operates through a network of retail partners. ... Read full article

Regulators should clarify rules around deposit-advance products so that banks can serve consumers seeking short-term loans, like those affected by the recent partial closing of the government. ... Read full article

Senior loan officers also expect decline in loan performance; meeting termed "cordial and collegial." ... Read full article

The CFPB banned online payday lender NDG Financial, three corporate officers and nearly a dozen affiliated companies from lending to consumers in the U.S. ... Read full article

BBVA Compass in Birmingham, Ala., reported 6% increases in loans and revenue, as strength in consumer loans and credit cards offset weakness in fee income. ... Read full article

As the consumer lender announced its seventh consecutive profitable quarter, its CEO bragged that his company is better positioned than the likes of Goldman Sachs and LendingClub. ... Read full article

The Atlanta fintech is looking to expand rapidly beyond its roots of arranging financing for home improvement projects. ... Read full article

The New York company will also match donations made by its employees to Feeding America and United Way Worldwide. ... Read full article

U.S. Commerce Secretary Wilbur Ross said unpaid federal workers could borrow to tide themselves over during the government shutdown rather than call in sick to earn a paycheck elsewhere. ... Read full article

Double-digit gains in net interest income more than offset sluggish growth in fee income at the Salt Lake City company. ... Read full article