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Alternative data used to score "credit invisibles" may do more harm than good. That's because in areas like employment and insurance, no credit score is often better than a bad one.
June 11
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Wells Fargo and Toronto-Dominion Bank are exploring offers for a batch of U.S. commercial-lending businesses General Electric is selling as whittles down its finance arm.
June 11 -
New York's highest court may have shut the door to many future lawsuits over flawed mortgage bonds, ruling investors have six years from the day the deal closed to pursue remedies.
June 11 -
Banks have agreed to dole out billions of dollars in fines and settlements this year, on everything from rigging foreign-currency markets to processing transactions for groups suspected of terrorism. We catch you up if you've lost track.
June 11
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Mobile banking has virtually hopscotched here with members having instant, face-to-face access to Xceed Financial Credit Union associates via a smart phone, laptop or desktop computer.
June 11 -
Big banks and institutional lenders approved small-business loans at record rates in May, according to data from Biz2Credit.
June 11 -
The Consumer Bankers Association praised banks' discipline on managing credit quality for student loans after a report showed a drop in delinquencies.
June 11 -
The Federal Trade Commission, in testimony before the U.S. Senate Special Committee on Aging, highlighted its approach to protecting consumers from unwanted telemarketing calls and illegal robocalls.
June 11 -
Given the small number of CUs cited and the fact none were actually accused of any wrongdoing, it would be easy to shrug off the recent ruckus about FinCEN's report on potential anti-money laundering problems at credit unions. But that would be a mistake.
June 11 - PH
Ukraine's Rebel Financing; Santander Shakeup
June 11
