News Topic: Consumer lending

Future Family plans to differentiate itself by tying financing with a suite of products women need as they pursue fertility treatment. ... Read full article

Less than a week after buying a firm that helps consumers find the best deposit rates, the Charlotte company said it is paying up to $39.5 million for a site that grades banking products for simplicity and fee structure. ... Read full article

The CFPB and others believe alternative data could provide more credit to the unbanked. Small banks and credit unions, however, have lingering concerns about breaking from traditional underwriting. ... Read full article

Michael Blume oversaw the controversial effort to crack down on consumer fraud by pressuring banks to cut off certain merchants’ access to the U.S. payment system. ... Read full article

U.S. C&I loan growth has dropped below that of the eurozone for the first time in six years; bank employee says Chase discriminates against fathers when it comes to family leave. ... Read full article

The agency recently sent a letter to nine banks urging them to stop offering deferred interest cards, arguing that consumers are often unaware of the risks involved. ... Read full article

Large banks have scaled back lending as competition has intensified and credit unions and financing arms of car manufacturers are picking up the slack. ... Read full article

Executives at Wells Fargo, SunTrust and PNC insist that credit cards, mortgages and other consumer lines can help pick up the slack as commercial borrowers remain cautious. ... Read full article

HSBC is getting aggressive in Canada — and one needs to look no further than its latest mortgage rate for proof of broader ambitions. ... Read full article

James Donovan cites family matters for withdrawing his name from being named Deputy Treasury Secretary; strong earnings from the Big Five may ease concerns about Canada's overheated housing market and consumer debt. ... Read full article

The old record was set just before the Great Recession, and what may be most remarkable is that it took nearly nine years to reach a new milestone. ... Read full article

Steve Allocca is expected to play a key role in the online lender’s efforts to restart loan growth. ... Read full article

Readers sound off on the use of AI in underwriting, the reasons for the failure of a Milwaukee bank, U.S. banks’ progress in adopting APIs, and more. ... Read full article

The regulator said that the Bank of Lake Mills, Freedom Stores and Military Credit Services violated the FTC Act. ... Read full article

Executives at the embattled bank made clear Thursday that they are not discarding its long-standing strategy of selling additional products to existing customers. ... Read full article

The recent earnings season shined a light on community bankers’ tactical moves. Here’s a look at what some institutions are planning in coming months. ... Read full article

The top executives at Guaranty Bank said that, after years of struggles, the $1 billion-asset bank was a month or two away from raising the capital it needed to survive. ... Read full article

MIT professor Maria Loumioti has studied loans made strictly using hard data and loans where a loan officer clearly was influenced by personal connections or feelings about a borrower. The results shed light on the value and limitations of "soft" ... Read full article