Banking

Digit is applying its automated-savings techniques to the growing problem of student loan debt.

Issuance of securities backed by the ostensible Libor replacement hit by money market turmoil; Jho Low will surrender luxury assets.

Currencycloud plans a multicurrency feature; Jack Dorsey invests in crypto startup; and other information you need to start your day, from PaymentsSource and around the web.

Bank and other lenders are said to have poured hundreds of billions of dollars into financing private-equity firms and their investment deals in recent years. Defaults have been low, but an economic slowdown could put these relationships to the test.

Mark Zandi of Moody's and Barrett Burns of VantageScore Solutions sit down to discuss consumer credit behavior, recession indicators and the big secret about private capital and mortgage markets. A Consumer Credit Podcast

Mark Zandi of Moody's and Barrett Burns of VantageScore Solutions sit down to discuss consumer credit behavior, recession indicators and the big secret about private capital and mortgage markets. A Consumer Credit Podcast

A remark by Director Kathy Kraninger during a congressional hearing has renewed a fierce debate over how the agency uses academic studies to support rulemakings.

Shares in the lender fell after it reported lower third-quarter profits, said nonperforming assets rose and cautioned that it had lost multifamily loan deals to competitors offering easier terms.

The National Credit Union Administration board member is requesting comment on a proposal to create new consumer compliance measures for "large, complex credit unions."

The credit they received in the third quarter is helping to soften the blow from falling net interest margins and weakening loan demand.

Nearly two dozen Senate Democrats say the CFPB should "immediately" open up an enforcement investigation into the Pennsylvania Higher Education Assistance Agency’s loan forgiveness program for alleged mismanagement.

A special committee in the state Senate has recommended not to move forward on a proposed bill to tax credit unions above a certain asset threshold.

Consumers needed payment platforms that could handle internet payments, and startups quickly filled the void, says Chief Outsiders' Mark Coronna.

The Tennessee company, which was outbid in an effort to buy a North Carolina bank earlier this year, will pay $41 million for a branch network in the middle part of its home state.

Consumer identities are becoming increasingly digital and more prone to privacy risks. Lawmakers cannot sit idle.

The program will be called Bucks for Buckeyes and will be offered in partnership with the Minnesota Credit Union Network.

Treasury secretary says regulators could look to help ease liquidity logjam in money markets; workers will get special bonuses for the third straight year.

Amazon offers free delivery; Jumio develops new photo authentication; and other information you need to start your day, from PaymentsSource and around the web.

Credit unions in the Garden State are frequently at the bottom of national rankings for key financial metrics. Further consolidation is likely needed to help bolster these results.

The restriction on how often a borrower’s account is debited was supposed to be relatively straightforward, but one lender is trying to fight that provision.