Auto lending

A 28% increase in lease assets helped offset stagnant growth in traditional auto lending.

Concerned about rising default rates, banks "significantly" tightened underwriting in the first quarter, the Bank of England said in a report published Thursday.

Retail banking chief Christian Sewing will become CEO immediately; higher deposit rates could trim lending margins as banks head into earnings season.

The subprime auto lender failed to disclose that it received fees for referring borrowers to CarMax, the used-car dealer, according to California's financial regulator.

The St. Louis-based company partnered with 38 new credit unions last fiscal year.

The Auburn Hills, Mich.-based credit union serves 200,000 members with more than $2.3 billion in assets.

Growing numbers of small subprime auto lenders are shutting down after loan losses and slim margins spur banks and private equity owners to cut off funding.

Late-payment rates at banks declined in nine out of the 11 consumer loan categories tracked by the American Bankers Association, including credit cards, auto loans and personal loans.

While the banking industry is divided on the use of conversational technology, the San Francisco company believes chatbots can make it easier for customers to discuss their finances.

Credit unions in Michigan saw significant gains in Q4 2017, as CUs there ended the year with significant boosts to membership and lending.