Consumer lending

C&I loan standards ease as competition intensifies: Fed

02/05/18

Credit standards for commercial loans to medium and large firms showed some signs of easing over the last three months of 2017, even though demand stayed relatively unchanged.

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States mull loosening of laws in response to CFPB payday rule

02/01/18

Lobbyists for the payday loan industry are getting a warmer reception in state capitals in 2018 than they did last year. One of their key arguments is that the federal crackdown on payday loans, which is now on hold, requires a response from the states.

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Warren, Waters ask Mulvaney about CFPB change of heart on payday

01/31/18

Top Democrats in the House and Senate sent a letter to Mick Mulvaney on Wednesday questioning his decision to delay the implementation of the Consumer Financial Protection Bureau’s payday loan rule.

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Ally makes gains in auto lending as other banks retreat

01/30/18

The Detroit company recorded an 11% increase in car loans and leases originated during the fourth quarter, as well as a jump in yields. Ally appears to be benefiting from Wells Fargo's substantial retrenchment in auto lending.

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Banco Popular reboots Eloan for new era in online lending

01/30/18

The pioneering brand re-enters a market where fintechs now account for over 30% of personal loan originations.

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Wells Fargo cements DeVito's role as head of home lending

01/30/18

Michael DeVito, who was named Wells Fargo's interim head of home lending after the bank fired consumer lending head Franklin Codel, is now officially leading the residential mortgage unit.

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Credit Unions with the Largest Portfolios of Loans and Leases

01/29/18

On Sep. 30, 2017. Dollars in thousands.

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Meta Financial to offer loans through online lender

01/26/18

Meta expects to originate $500 million to $1 billion in personal loans as part of a three-year partnership with Liberty Lending in New York.

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Not-so-friendly competition: Discover CEO bashes online lenders

01/25/18

David Nelms said that many digital lenders do not understand how to underwrite personal loans properly, and he took a dig at their lack of profitability. The upstarts say their industry's ability to attract capital speaks for itself.

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Interest income, wealth management boost 4Q profits at BOK

01/24/18

BOK benefited from rising rates and revenue from its wealth management businesses, even as loan growth remained flat and other fee income categories declined.

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