News Topic: Consumer lending

The number of consumers being pursued by debt-collection agencies fell dramatically in the past year, but it's as much technicality as achievement, and bankers need to keep that in mind when reviewing the credit scores of millions of Americans. ... Read full article

Judges say a CashCall loan may have fit the state’s definition of an “unconscionable” interest rate. ... Read full article

Joe Baratta, Blackstone’s global head of private equity, said that he was drawn to the Sacramento. Calif., company because he believes its technology offers lenders a more efficient way to find customers. ... Read full article

The central bank's survey of loan officers said banks are easing their credit standards for commercial and industrial loans as competition heats up. ... Read full article

Readers react to Wells Fargo's latest penalty, weigh in on the Vatican's criticism of credit default swaps and opine on the long tail of the financial crisis. ... Read full article

The state follows Colorado’s lead in adopting reforms pushed by the Pew Charitable Trusts. ... Read full article

As memories of the financial crisis fade, consumers are back to their old spending and saving habits — and that could be a big problem. ... Read full article

Readers respond to Mulvaney's changes to the CFPB's consumer board, weigh a proposal regarding fair lending, react to adoption of pot banking regtech and more. ... Read full article

A smaller tax bill and a double-digit growth in card loans offset weakening credit quality at the Riverwoods, Ill., company. ... Read full article

As the company boosts originations to subprime and other borrowers, it remains to be seen if the improvements in asset quality will continue. A similar question mark is hanging over many consumer lenders these days. ... Read full article

The OCC has terminated a 22-month-old consent order that stemmed from allegations that the bank unlawfully repossessed cars of members of the U.S. military. ... Read full article

The Salt Lake City company reported a 21% increase in second-quarter profits, even as its decision to scale back commercial real estate lending muted overall loan growth. ... Read full article

Loan growth, fueled by increased tourism spending, more than offset a sharp drop in fee income at the Honolulu company. ... Read full article

Despite some green shoots in key credit segments, total loan growth was light at many banks last quarter. Rate hikes are threatened, and deposits will get pricier — where will the earnings come from? ... Read full article

Yet margin improvement proved to be the decisive factor in a strong quarter in which total lending was flat. ... Read full article

The agency’s consumer complaints database must remain available to the public to help prevent further abuses. ... Read full article

Debates on the issue often focus on how lending decisions affect certain demographic groups, but those analyses tend to ignore an important factor: default rates. ... Read full article

Repayments on acquired residential mortgage loans were the main reason, but other bottom-line boosters more than made up for that, the Buffalo, N.Y., bank said in reporting second-quarter results. ... Read full article