The Latest

Marketplace lending company Lending Club is teaming up with a California-based nonprofit organization to make loans to small businesses that otherwise would have had their applications rejected.

JPMorgan Chase Chief Executive Officer Jamie Dimon took aim at U.S. Senator Elizabeth Warren, a critic of large banks, as he expressed broad concerns about leadership in Washington.

The mortgage lender Nationstar Mortgage Holdings is pouring a lot of energy into a digital and mobile homebuying platform called Xome. The strategy could attract tech-savvy millennials but carries plenty of risks including whether consumers would be improperly steered to its products.

The digital age has transformed how credit unions conduct business. With 24/7 access from almost anywhere in the world, customers can complete all types of transactions through a variety of devices. It has never been easier to pay bills online, apply for a loan, set up a retirement plan, check an account balance, or receive financial advice; however, such progress and convenience often come at a price.

The Consumer Financial Protection Bureau issued a final rule Wednesday that allows it to monitor the biggest nonbank auto finance companies.

More than a dozen housing groups are urging lawmakers to pass legislation that would grant lenders a formal grace period for implementing new disclosure forms later this summer, arguing that the industry needs greater certainty than the Consumer Financial Protection Bureau has so far provided.

Prosper Marketplace, the first peer-to- peer lender in the U.S., is planning to charge an extra fee to investors who want to bundle its loans into bonds in order to offset its increased costs from the securitization process.

CHICAGO — The Chicago Patrolmen's Federal Credit Union has added about 1,600 new members so far this year — but many of them are not from the Windy City, or even anywhere in Illinois.

The National Credit Union Foundation will host a conversation on Twitter to help credit unions implement financial-wellness programs for their own employees.

More than a dozen housing groups joined with the credit union trade association to urge lawmakers to pass legislation that would grant lenders a formal grace period for implementing new disclosure forms later this summer, arguing that the industry needs greater certainty than the Consumer Financial Protection Bureau has so far provided.