Consumer lending

Standout startups from N.Y. fintech boot camp class of '17

06/23/17

Compliance, security and data analytics were the themes at this year’s New York FinTech Innovation Lab demo day.

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‘Why the double standard?’: Comments of the week

06/23/17

Readers weigh in on chatbots, Amazon’s physical footprint expansion plans, alternative credit data and more.

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This startup aims to ease burden of paying for fertility treatments

06/22/17

Future Family plans to differentiate itself by tying financing with a suite of products women need as they pursue fertility treatment.

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LendingTree acquires comparison-shopping site MagnifyMoney

06/21/17

Less than a week after buying a firm that helps consumers find the best deposit rates, the Charlotte company said it is paying up to $39.5 million for a site that grades banking products for simplicity and fee structure.

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Key player in Operation Choke Point leaves DOJ, joins law firm

06/19/17

Michael Blume oversaw the controversial effort to crack down on consumer fraud by pressuring banks to cut off certain merchants’ access to the U.S. payment system.

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Alternative credit data still a hard sell for small banks

06/19/17

The CFPB and others believe alternative data could provide more credit to the unbanked. Small banks and credit unions, however, have lingering concerns about breaking from traditional underwriting.

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Euro lending outpacing U.S.; JPM unfair to dads?

06/16/17

U.S. C&I loan growth has dropped below that of the eurozone for the first time in six years; bank employee says Chase discriminates against fathers when it comes to family leave.

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CFPB warns lenders over controversial credit card offers

06/08/17

The agency recently sent a letter to nine banks urging them to stop offering deferred interest cards, arguing that consumers are often unaware of the risks involved.

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Banks cede market share in auto lending: Report

06/07/17

Large banks have scaled back lending as competition has intensified and credit unions and financing arms of car manufacturers are picking up the slack.

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Big banks mine retail units for growth as business lending lags

06/01/17

Executives at Wells Fargo, SunTrust and PNC insist that credit cards, mortgages and other consumer lines can help pick up the slack as commercial borrowers remain cautious.

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