Lending

Enova International, a nonbank lender in Chicago, plans to gain scale by taking over Grasshopper Bank's national bank charter. The deal already faces skepticism from critics of Enova's high-cost lending model.

Charlie Scharf has a mostly optimistic take on Wells' consumer banking prospects entering 2026. But he's more downbeat about the company's once-dominant residential mortgage business.

A new bill from Sens. Katie Britt, R-Ala., and Catherine Cortez Masto, D-Nev., would streamline the Securities and Exchange Commission's small-business surveys, which the agency uses to consider the needs of small businesses in rulemakings.

The student lending giant offered forecasts of future earnings that were far below Wall Street's expectations. In recent months, Sallie Mae has been upbeat about the new opportunities it sees under the Trump administration.

PayPal and other fintechs already offer small business loans based on future payment flows, creating a competitive market.

A survey compiled by the American Financial Services Association showed deteriorating business conditions during the third quarter of this year. The outlook for subprime borrowers was particularly grim.

A comment deadline is approaching on a proposed Consumer Financial Protection Bureau rule that would dismantle longstanding rules meant to protect minorities from discrimination in the market for credit.

Midland States Bancorp has completed three major asset sales in the past 12 months, exiting national business lines and shifting focus to its core community banking franchise.

The Toronto-based loan fintech received an IFE license from Puerto Rico to launch Propel Bank.