Consumer lending

Rivalry between two Silicon Valley lenders turns personal

03/14/19

Seven years after James Gutierrez left Oportun Financial and started a competitor, the acrimony sparked by the divorce is coming into public view.

[more]

CFPB’s Kraninger grilled over payday, military lending

03/12/19

The bureau's director, Kathy Kraninger, faced a barrage of criticism from Senate Democrats on the agency's lack of enforcement actions, a reversal on Military Lending Act examinations and changes to the payday loans rule.

[more]

CECL spells trouble for small banks, consumers

03/11/19

The new accounting standard won’t make community institutions safer, though implementation is proving burdensome and could restrict access to credit, argues Rep. Blaine Luetkemeyer.

[more]

Can Citi and Chase beat fintechs at their own game?

03/08/19

The upstart lenders have been chipping away at credit cards’ consumer-lending dominance by offering fixed-rate loans with predictable repayment plans. Now the card giants are fighting back.

[more]

Bank deposit advances are payday loans in disguise

03/08/19

Recent history shows how dangerous these short-term products can be without appropriate guidelines in place.

[more]

House Democrats target CFPB politicos, other Mulvaney changes in new bill

03/06/19

The legislation comes a day before CFPB Director Kathy Kraninger is set to testify to Congress.

[more]

Dear CFPB: Revamp your complaint database

03/06/19

Under the recently appointed Director Kathy Kraninger, the bureau has the opportunity to address numerous problems with its collection and presentation of consumer grievances.

[more]

GreenSky teaming with Amex to offer home improvement loans

03/05/19

The Atlanta company, which reported fourth-quarter results Tuesday, will test the partnership in five cities as part of an ongoing effort to add new sources of revenue.

[more]

Dems urge CFPB to reinstate military lending exams

03/05/19

Senate Democrats are pushing the CFPB to resume examinations under the Military Lending Act, according to a letter sent to the agency's director on Tuesday.

[more]

Bank Holding Companies with the Largest Credit Card Loan Portfolios

03/04/19

On Sep. 30, 2018. Dollars in thousands.

[more]