Consumer lending

Bank Holding Companies with the Largest Consumer Loan Portfolios

02/26/18

On Sep. 30, 2017. Dollars in thousands.

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Hancock in Miss. to sell its consumer finance business

02/22/18

Harrison Finance has 35 offices, nearly 140 employees and about $95 million of outstanding loans.

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PNC promotes Parsley to vacant chief operating officer post

02/22/18

William Parsley was most recently PNC's chief investment officer and treasurer and had previously served as head of consumer lending.

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LendingClub agrees to settle shareholder litigation for $125M

02/20/18

The online lender continues to contend with the fallout of a 2016 scandal that led to the ouster of its founder and CEO.

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U.S. Bancorp hit with AML fine; bitcoin rallies

02/16/18

Bank’s alleged lax controls enabled a former customer to launder money in a payday lending scheme; digital currency has made back a chunk of its recent decline.

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Wells Fargo to sell auto finance unit in Puerto Rico to Popular

02/14/18

Popular will acquire $1.5 billion in auto loans amid questions about the potential for loan losses following Hurricane Maria. The deal also coincides with Wells Fargo's need to stay inside a growth cap imposed by regulators.

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Mortgage balances surge, but gains are uneven

02/13/18

In some states, total mortgages outstanding are at all-time highs, but in others hard hit by the financial crisis they remain well below their 2008 peaks, the New York Fed said Tuesday in its quarterly report on household debt.

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The warning signs in consumer credit data

02/11/18

U.S. consumers are borrowing more than ever to buy homes and cars, pay for college and even finance every day purchases. Is it a display of confidence in the U.S. economy or are many households living far beyond their means?

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Why point-of-sale lending is hot right now

02/07/18

It’s not necessarily new, but a confluence of trends — advances in technology, changing consumer preferences and banks’ need to diversify their balance sheets — has made it more popular than ever.

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Cap on Wells Fargo's asset growth could be gift to competitors

02/05/18

If the Fed order is lifted quickly — a big if — then the impact on Wells should be minimal. But if it lingers past 2018, then the bank could find itself on the losing end of the battle for customers and top talent.

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