Consumer lending

Stress test recap; Payments deal near

06/29/18

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

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Dear Congress: Don’t gut funding for CDFIs

06/22/18

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

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Economic growth undergirds credit quality at banks: Report

06/21/18

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

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Before modernizing CRA, consider its history

06/19/18

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.

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Santander Consumer lending practices draw fire from AFL-CIO

06/12/18

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.

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Banks + small-dollar credit doesn't add up

06/11/18

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

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Losing Fiat Chrysler would threaten Santander Consumer’s independence

06/08/18

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.

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F.N.B. selling consumer finance unit, closing 20 branches

06/07/18

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.

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Most important strategy of top-performing banks? Simplify

06/07/18

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

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To fuel digital currencies, crypto-lender finances sales of mining gear

06/05/18

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.

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