Consumer lending

There's no crisis in the auto loan market


Focusing on the rise of auto financing delinquencies ignores the bigger picture: loan volume has grown on all risk tiers and defaults are a natural part of the process.


Damage from scandal continues to mount at Lending Club


The San Francisco online lender reported a $32 million loss in the fourth quarter, which brought red ink for the full year to $146 million.


Synchrony issues new credit cards for airline Cathay Pacific


The cards could prove to be popular with Americans who travel frequently to Asia.


Why these big banks are retreating in auto lending


JPMorgan Chase and Wells Fargo are among the large institutions that are making fewer car loans amid intense price competition and concerns about that lenders are at risk of bigger losses.


Cash-out refis back in demand, raising credit concerns


The rise in home values is good news for homeowners looking to tap the equity in their homes to pay down debt or make big purchases, but some consumer groups fear it could lead to a new wave of loan defaults.


Banking pro athletes: lucrative ... but complicated


Sports stars face unique challenges obtaining credit, and bankers need to develop certain skills to court those prospects successfully.


Using advanced analytics to manage risk and profitability for consumer loan pricing


Banks continue to look for ways to grow their consumer loans portfolios.


Why this niche lender went DIY to build a sales app


Home improvement lender EnerBank USA expects half of its loans will be originated on the app it built *in-house*, which promises near-instant approvals.


Prosper hires former USAA exec in quest to reignite growth


Usama Ashraf, the marketplace lender's new chief financial officer, will oversee finance activities and its capital markets function.


Ally’s profits slump as it pursues new products, customers


The $163.7 billion-asset auto lender reported net income of $248 million, down 5.7% as a result of an increased loan-loss provision and noninterest expenses.