Consumer lending

Canada's Tangerine to add credit lines in bid to be 'everyday bank'

04/13/17

Tangerine Bank, the digital lender owned by Bank of Nova Scotia, will start offering credit lines this year as it seeks to boost revenue and bolster flagging profit through expanded product offerings.

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Lackluster IPO shows subprime lenders still have hurdles to overcome

04/06/17

Elevate Credit in Fort Worth, Texas, debuted Thursday at half the price the company had been targeting. Investors may have been spooked by the possibility of rising losses.

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How Laplanche's new venture differs from Lending Club

04/06/17

Upgrade, an online lender started by former Lending Club CEO Renaud Laplanche, will tout credit monitoring and education features to stand out in a crowded field.

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Auto loan delinquencies hit highest level in four years

04/06/17

New data from the American Bankers Association is the latest warning sign for the sector

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Wells Fargo promotes consumer credit exec to head operations

04/05/17

Titi Cole succeeds longtime executive Jerry Enos.

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Dimon calls for overhaul of FHA, mortgage lending rules

04/04/17

Speaking at a town hall event in Washington, D.C., JPMorgan Chase CEO Jamie Dimon said that post-crisis regulations have made mortgages too costly for consumers — and made homeownership unattainable for borrowers with low incomes or blemished credit histories.

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John Mack is named chairman of Lantern Credit

04/04/17

The Newport Beach, Calif.-based company uses artificial intelligence to help lenders make better decisions about borrowers’ creditworthiness.

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JPMorgan's head of new technologies hired by LendingClub

04/04/17

JPMorgan Chase & Co.’s head of new technologies has been hired by LendingClub Corp. as the peer-to-peer lending pioneer seeks to rebuild business following a scandal over its corporate controls.

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More evidence that rising student debt is bad for banks

04/03/17

New research from the New York Fed confirms a lingering worry for the banking industry: More prime-age, college-educated borrowers are delaying the decision to take out their first mortgage as they focus instead on paying off their student loans.

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PayPal seeks graceful retreat in the subprime credit business

03/31/17

The payments giant has made a lot of money issuing loans to online shoppers with blemished credit histories. But now it is looking to reduce its risks.

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