News Topic: Consumer lending

On Mar. 31, 2018. Dollars in thousands. ... Read full article

Bankers should resist the urge to skirt financial regulations, including know-your-customer and lending standards, to make a sale. The danger of penalties and a possible reputational hit is too great. ... Read full article

A law designed to minimize the drawbacks of short-term loans and other alternative financial products may have helped legitimize them. ... Read full article

Jennifer Jackson will succeed Shane Holdaway as head of the Toronto-based unit, which has 1,200 employees. ... Read full article

Synchrony ultimately bought $7.6 billion of loan receivables, including $800 million in loan participations that had not been part of the original deal. ... Read full article

LendingClub, Prosper, SoFi and other fintechs are driving the expansion, according to new data from TransUnion. ... Read full article

A decades-old Fed charter could help banks develop new cooperatives to combat economic inequality. ... Read full article

The comptroller of the currency has tiptoed around the issue of discrimination even though he wants to overhaul a key fair-lending law. ... Read full article

Deutsche Bank failed and Goldman Sachs and Morgan Stanley restrained; antitrust lawsuit brought by retailers may be near a resolution. ... Read full article

Lawmakers should prioritize programs that improve economic development in underserved communities, as appropriators begin debating next year’s spending levels. ... Read full article

A team of economists surveyed by the American Bankers Association also believe that unemployment could reach new lows. ... Read full article

The Community Reinvestment Act needs to be updated, but in doing so Congress should remember why the law was created in the first place, argues Rep. Gregory Meeks. ... Read full article

The largest U.S. labor federation is calling on Santander Consumer USA to end its practice of allowing car dealers to add interest to a vehicle loan unrelated to the borrower's creditworthiness. ... Read full article

Despite recent encouragement from the OCC, banks still struggle to make a profit on short-term loans. ... Read full article

The Dallas auto lender might lose as much as one-third of its business if it severs ties with the automaker, raising fresh questions about whether its parent company will buy out shareholders and take full ownership. ... Read full article

The Pittsburgh company said that the moves would improve both operating efficiency in its retail network and the credit profile of its consumer loan portfolio. ... Read full article

Paring down branches, product offerings and business lines can help banks succeed. ... Read full article

Cereal is looking at the aspects of the market that could be considered the most stable. By encouraging more mining activity, Cereal also promotes the viability of the cryptocurrencies being mined. ... Read full article