credit

CFPB orders State Farm Bank to improve credit reporting practices

12/06/18

The banking subsidiary of the Bloomington, Ill., insurer must stop providing inaccurate information to the credit bureaus under a consent order.

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Banks seek new blood to fill evolving CRO role

07/02/18

Turnover of chief risk officers is on the rise as CEOs look to add executives whose experience goes far beyond assessing credit risk. Sometimes they are promoting from within, but often they are poaching talent from rival banks.

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CIT shuffles leadership of risk unit

05/25/18

The New York company on Friday promoted Wahida Plummer, who was previously in charge of regulatory matters, to chief risk officer and expanded the role of its chief credit officer.

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Fintechs find another untapped market: New immigrants needing credit

02/09/18

For many newcomers to the U.S., establishing credit is a big challenge. A handful of entrepreneurs are developing tools to help verify their financial histories.

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MoneyLion, a personal finance startup, raises $42M

01/04/18

The New York company, which offers loans and provides personal finance advice, plans to expand its product line and invest in new technology with the funds.

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Fallout from Equifax breach will hit banks hardest

09/29/17

Not only will banks be on the hook for counterfeit loans to identity thieves, but they will likely lose loan volume, and ultimately revenue, from changes in consumer behavior.

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Crowdfunding platform expands into small-business lending

07/26/17

The five-year-old company is offering lines of credit to early-stage consumer brands, which can often only get financing at high interest rates.

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Credit card issuers face peril from rise in store closures: Report

06/28/17

Synchrony Financial and Alliance Data Systems are particularly vulnerable to recent shifts in Americans’ shopping habits, according to new research from Moody’s Investors Service.

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FHA condo rules will help millennials in housing market, Carson says

06/09/17

The HUD secretary said millennials are being shut out of the market but the purchase of a condominium unit is often the first step to homeownership.

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