News Topic: Consumer lending

The Kennesaw, Ga.-based firm, which makes online installment loans to borrowers with blemished credit records, currently operates in 14 states ... Read full article

Bankers oppose legislation that would let local governments finance energy efficiency projects with liens ahead of the mortgage. ... Read full article

Simultaneous spikes in home prices and mortgage rates have put an unusual squeeze on borrowers' purchasing power and require lenders to be proactive about protecting their loan pipelines. ... Read full article

The San Carlos, Calif., firm is following a similar blueprint as other online lenders — launching with a particular loan product, refining its algorithms, and then seeking to expand into other corners of consumer finance. ... Read full article

Banks are seeing mostly positive or neutral trends in loan demand and broader economic indicators in the first six weeks of 2017 and are upbeat about future prospects, according to the Fed's Beige Book. ... Read full article

The bank says it will push the rest of the industry to follow its lead and step up lobbying for policies that increase minority homeownership. ... Read full article

Prosper Marketplace will receive as much as $5 billion in loan funding under a deal that will provide investors an equity stake in the San Francisco company ... Read full article

On Sept. 30, 2016. Dollars in thousands ... Read full article

Focusing on the rise of auto financing delinquencies ignores the bigger picture: loan volume has grown on all risk tiers and defaults are a natural part of the process. ... Read full article

The San Francisco online lender reported a $32 million loss in the fourth quarter, which brought red ink for the full year to $146 million. ... Read full article

The cards could prove to be popular with Americans who travel frequently to Asia. ... Read full article

JPMorgan Chase and Wells Fargo are among the large institutions that are making fewer car loans amid intense price competition and concerns about that lenders are at risk of bigger losses. ... Read full article

The rise in home values is good news for homeowners looking to tap the equity in their homes to pay down debt or make big purchases, but some consumer groups fear it could lead to a new wave of loan defaults. ... Read full article

Sports stars face unique challenges obtaining credit, and bankers need to develop certain skills to court those prospects successfully. ... Read full article

Banks continue to look for ways to grow their consumer loans portfolios. ... Read full article

Home improvement lender EnerBank USA expects half of its loans will be originated on the app it built *in-house*, which promises near-instant approvals. ... Read full article

Usama Ashraf, the marketplace lender's new chief financial officer, will oversee finance activities and its capital markets function. ... Read full article

The $163.7 billion-asset auto lender reported net income of $248 million, down 5.7% as a result of an increased loan-loss provision and noninterest expenses. ... Read full article