SAN ANTONIO, Fla. – San Antonio Citizens FCU said yesterday it has begun using Aimbridge Lending Solutions Loan Generation Services to expand pre-approval application options for its 11,500 members. Loan Generation Services helps credit unions capture pre-approvals via the branch, phone or Internet and makes them accessible to members and auto dealers via the Internet. The offering is Aimbridge’s first step towards a full suite of products for web-based lending.
House Democrats on the Financial Services Committee said the more than 400-page Community Reinvestment Act proposal warrants more time for review, given its sweeping implications for community development and bank lending.
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
While bankers generally seem to support a draft rule that would make larger companies eligible for SBA loans, smaller firms and Democratic lawmakers have panned the proposal.
Even as it also spends big on AI, Bank of America is sending a clear signal that human workers will still play an important role in tomorrow's workforce.
Sixteen percent of consumers took out a buy now/pay later loan in 2025, according to the Federal Reserve, as more low-income consumers turn to the short-term installment loans for everyday expenses such as groceries. That's creating a blind spot for banks that underwrite consumer credit.
