Consumer lending

Mounting consumer debt poses risks for Canadian banks: Moody's

03/13/18

The country’s ratio of household debt to disposable income reached a record 171% in 2017.

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Payday lender to settle fee-practices probe

03/12/18

California officials had accused Advance America of wrongly assessing Department of Motor Vehicles fees on its payday loans to skirt the state's interest rate cap.

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Florida poised to enact workaround to CFPB payday rule

03/09/18

The legislature has passed a bill that would allow lenders to make installment loans that, in many cases, would be more costly than payment loans. If Gov. Rick Scott signs it, Florida would become the first state to pass a law designed to blunt the impact of the CFPB’s crackdown on high-cost consumer loans.

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Bad credit-card debt is getting cheaper, but good luck buying it

03/09/18

U.S. banks are sitting on a $1.03 trillion mountain of credit-card loans. More borrowers are starting to default. Yet lenders know they can't sell souring debt to just any collector.

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Early glimpse of banks' 1Q isn't exactly pretty

03/06/18

Deposit prices are starting to rise, deposit growth is slowing, commercial loan growth remains tepid (with some exceptions) and concerns are mounting about the economic toll of U.S. trade policy, bank executives said just a few weeks ahead of the end of the quarter.

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RBC chief warns foreigners using Canadian homes as piggy banks

03/06/18

Foreign inflows are distorting Canada's already constrained housing market and aren't the kind of investment the country needs, the chief executive officer of Royal Bank of Canada said.

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Not dead yet: Branches remain crucial to banks' growth plans

02/28/18

Sure, banks are closing more branches than they are opening, but many still view them as important channels for selling products, dispensing advice and gathering deposits. Here's a look at banks large and small that are opening branches (or, in Capital One's case, cafes) in new markets.

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Bill to correct Madden ruling would benefit consumers

02/28/18

House legislation to reverse a federal court decision on state interest rate caps would increase access to credit, not expand predatory lending as critics have argued.

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SoFi's new CEO says bank charter remains an option

02/26/18

In an interview during his first day on the job, Anthony Noto also spoke about improving the firm's culture and the prospects for an IPO.

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Bank Holding Companies with the Largest Credit Card Loan Portfolios

02/26/18

On Sep. 30, 2017. Dollars in thousands.

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