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Most real estate agents and home builders have heard about the new mortgage disclosures that take effect Oct. 1 but are light on the details, and many of the lenders they rely on lack sufficient understanding to help them.

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An estimated 12 million Americans buy used cars through informal channels each year. Those consumers are underserved by traditional auto lenders, says Lending Club Chief Executive Renaud Laplanche.

Santander Consumer USA Holdings expects to endure more credit losses in the coming quarters, as it expands its portfolio of higher yielding, subprime loans. But its CEO sought to assure investors that its profits would far exceed those costs.

Commerce Bancshares Kansas City, Mo., has found its customers want to save the planet but don't want to put in too much effort, so the issuer partnered with Sustain:Green for cards that offset carbon emissions.

Home Affordable Modification Program denial rates are still high, but the Treasury Department and top mortgage servicers contend that the numbers have improved.

Retailers had made repeated efforts to reject two class-action settlements — one with Visa and MasterCard, one with Amex — to no avail, but a well-publicized scandal involving lawyer conduct has swept up both cases and given the critics a real shot at scuttling them.

The auto lender, which has been operating under tight regulatory restrictions since its bailout during the financial crisis, will now be allowed to use its federally insured deposit base to fund more of its loan portfolio.

The Consumer Financial Protection Bureau denied an auto dealer trade group's request for a document detailing limits imposed by Honda's financing arm on dealer price discretion.
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The Conference of State Bank Supervisors recently challenged college students to examine how community banks survived the financial crisis, and the contest highlighted innovative strategies used by Main Street banks such as Bank of American Fork in Utah.

Andrea Smith, Bank of America's head of human resources, will eventually take control of the bank's stress test submissions. That assignment, part of her elevation to chief administrative officer, has sparked concerns about whether a human resources executive can handle a job normally given to a chief risk officer or chief financial officer.
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A new ad from the U.S. unit of Toronto-Dominion Bank that features a same-sex couple is more than a social statement, as it also says a lot about the fragmentation, context and consumer control that are part of modern TV viewing habits, according to the company's top marketing executive.

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