Auto lending

The credit card issuer reported expense growth that rose faster than net interest income during the second quarter.

Credit unions reported gains in a number of key areas but member business lending and new auto loans took a hit as overall growth continued to slow.

The company, which announced the conclusion of a three-year-old credit card partnership with TD Bank, is shifting to digital financing of individual consumer purchases.

Alleged discrimination over immigration status is the latest legal headache for Wells Fargo.

The autonomous vehicle lending market isn’t expected to peak for decades, but some CUs are already jumping in, and they could be at the forefront of rapid shifts in the automotive industry.

CUs in both states surpassed total asset milestones, but many business lines are growing at a slower pace than they were one year ago.

CUs in the Keystone State saw loan balances rise by 8.5%, while membership rose more than 3.3% to top 4.2 million.

Membership continues to rise across the Wolverine State, though at a slower pace, but lending overall is on the decline.

The agreement is expected to solidify a lending partnership whose status had been in doubt for more than a year. But it raised as many questions as it answered.

Credit unions reported gains in areas such as loan balances and membership but it was at a slower pace than a year earlier.