Auto lending

The director of the Consumer Financial Protection Bureau has asked Congress to clarify its ability to conduct exams that ensure compliance with the Military Lending Act.

Demand for commercial loans surged in the fourth quarter and executives at the Buffalo company see the momentum continuing in the new year.

Consumer lending should also be a bright spot, while mortgage lending could be suppressed by rising rates and tight housing supplies.

More consumers fell behind on their loans in the third quarter of 2018, even as average wages rose and the unemployment rate fell to a 50-year low.

Automating the loan application process is a potentially game-changing development that could put more car shoppers in control of which bank or credit union finances their purchase.

Third-quarter results from the Michigan Credit Union League show hundreds of members are joining CUs in the Great Lakes State each day.

From the end of overdraft fees to the rise of banks that watch their customers' every move, there are several new banking trends on the horizon in 2019.

Entering 2019, lenders must think carefully about how they expand their auto loan portfolio. Failure to do so could result in bad loans and bad reviews online.

According to data from the NCUA, the industry had double-digit increases in several key metrics even as the number of institutions continued to decline.

The Chicago bank's new partnership with AutoGravity mirrors others struck this year by JPMorgan Chase and U.S. Bank with providers of mobile apps that bundle the car-buying and lending processes.

A new finance and insurance program from Dealertrack aims to make auto lending faster for consumers, lenders and dealers.

The agency alleges the subprime auto lender violated consumer finance laws by misrepresenting the level of guaranteed insurance protection.

Adults ages 18 to 29 may have a hard time getting a mortgage, but they are not shying away from other forms of consumer debt, according to a report by the New York Fed.

The five institutions join AFG's balloon lending program, bringing 2.7 million consumers and $1.5 billion in assets into the fold.

The Poughkeepsie, N.Y.-based credit union agreed to pay $95,000 to settle claims that it incorrectly repossessed vehicles of service members.

The Dallas subprime auto lender seems to be reaching the bottom of its lingering supply of accounting issues, yet its origination of more loans through Fiat Chrysler underlined questions about the future of its relationship with the big automaker.

Credit unions have benefited from record car sales in recent years. But changing customer behavior and a new form of fraud could prove difficult headwinds to overcome in this area.

Taxi medallion loans are going nowhere fast, but loans to drivers for ride-hailing services like Uber could help replace some of those losses on credit union lending portfolios.

Deposits topped $100 billion during the quarter while profits climbed 34% thanks to higher loan yields and lower taxes.

Popular's 16% gain in deposits and a recent acquisition bode well for its future even though there has been a major net loss of residents since Hurricane Maria.