Consumer lending

Citi continues to simplify, shrink with mortgage servicing exit

01/30/17

Citigroup's decision to exit mortgage servicing by the end of 2018 is part of a long-term strategy to increase returns and sharpen the bank's focus on its core retail customers.

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Refi boom is over, but home equity demand could pick up slack

01/30/17

With home values — and interest rates — rising, homeowners finally seem ready to tap into their homes' equity to fund long-delayed home-improvement projects.

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Credit woes hit Santander Consumer's bottom line

01/25/17

The auto lender also said originations fell 24% due to intense competition.

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Discover’s profit jumps 13% jump on surge in consumer lending

01/24/17

Strong loan growth was partially offset by rising delinquencies in its flagship credit card business, as well as in student and personal loans.

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Auto finance (finally) shifts into the digital age

01/24/17

A deal between Ford Motor Credit and a San Francisco-based startup will give car buyers the option of customizing their own loan terms.

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Growth in credit card balances boosts profit at Synchrony Financial

01/20/17

The Stamford, Conn., credit card issuer reported net income of $576 million, up 5.3% from the same period a year earlier.

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$100M in debt financing for Texas-based online lender

01/19/17

BorrowersFirst said its new financing will come from Waterfall Asset Management, a New York firm that focuses on high-yield investments.

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JPMorgan says it has settled U.S. bias suit over mortgages

01/18/17

JPMorgan Chase & Co. agreed to pay $55 million to settle U.S. allegations of racial discrimination in home loans through mortgage brokers, leading black and Hispanic borrowers to pay higher interest rates and fees from 2006 to 2009, a person familiar with the matter said.

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Lesson from 4Q: Optimism about banks is far ahead of reality

01/13/17

JPMorgan Chase, Bank of America and PNC reported lackluster revenue growth as higher trading fees and increases in commercial lending barely compensated for consumer-side challenges.

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