Sara Lepro

Credit card delinquency rates continued to improve in May, firming a months-long trend. The six major issuers on Tuesday reported bigger-than-expected declines in the percentage of loans 30 days or more past due in monthly filings with the Securities and Exchange Commission.

MIAMI — Jack Dorsey wants to give the taco trucks of the world an easier way to serve card-carrying consumers. But the founder of the payments software provider Square Inc. has his sights set on big-box retailers as well.

With home mortgage volume falling sharply in recent years, it might seem as though recruitment should be the last thing on lenders' minds. But surprisingly, one of lenders' biggest challenges these days is finding a few good men and women to join the sales force.

With home mortgage volume falling sharply in recent years, it might seem as though recruitment should be the last thing on lenders' minds. But surprisingly, one of lenders' biggest challenges these days is finding a few good men and women to join the sales force.

The largest online mortgage lender expands to include FHA loans; a member of the SourceMedia family has a play opening downtown this weekend; and more.

Unlike other areas of consumer finance, auto lending has largely escaped tighter regulation in the wake of the financial crisis. This could soon change.

By Wednesday, June 2, issuers and rating agencies must comply with a Securities and Exchange Commission rule designed to encourage more unsolicited opinions on asset-backed securities.

By Wednesday, June 2, issuers and rating agencies must comply with a Securities and Exchange Commission rule designed to encourage more unsolicited opinions on asset-backed securities.

FHFA disputes FHA chief's market share claims; Fannie's non-optional option for lenders; Florida judge derides the "chaos" of "Foreclosure World."

In a surprise reversal, the delinquency rate on single-family mortgages insured by the Federal Housing Administration has fallen in each of the last three months amid record volume.

Not unlike the “cash for gold” peddlers on late-night television who encourage consumers to hock that old pendant of Great Grandma Sue’s, Sears Holdings Corp. is helping customers exchange their old jewelry for cash, so they can buy nice shiny new things in its stores.

California's push to ban deficiency judgments on refinancings; rising delinquencies suggest foreclosure crisis has yet to peak; rising incidence of protests suggest same.

Certain consumers will soon know a lot more about their creditworthiness, and that power could create competitive and compliance headaches for lenders.

Muhammad Yunus envisions a world where there is no need for payday lenders or pawn shops, and where everyone has equal access to credit.

Less than two months before new rules on overdraft protection take effect, early indications suggest banks won't suffer as big a blow to fee revenue as feared.

Less than two months before new rules on overdraft protection take effect, early indications suggest banks won't suffer as big a blow to fee revenue as feared.

People claiming to be Census takers swamp an REO manager with calls about vacant homes; why S&P didn't rate the Redwood deal; and more.

The Mill Valley, Calif., company said Monday evening that it is now buying jumbo mortgages on a "flow" basis — that is, one at a time, as soon as they are originated, at a price locked in before the loan closes.

One of the roughly 140 proposed amendments to the financial reform legislation could have serious implications for credit card issuers, but so far the proposal does not seem to have much of a toehold.

Freddie Mac is seeking an additional $10.6 billion in government funding after reporting an $8 billion loss in the first quarter.