Commercial lending

The bureau wants to encourage more innovation without the threat of enforcement, but observers say regulators also need a testing ground to prove they can regulate fintech.

The central bank's survey of loan officers said banks are easing their credit standards for commercial and industrial loans as competition heats up.

If President Trump’s tariffs on steel and other products stay in place long, big U.S. importers would be hurt and pass on the pain to their midsize and small-business suppliers — which are the bread and butter of commercial lending.

Fintech firms have the federal option they have long sought, but meeting the agency’s application requirements will not be easy.

The state follows Colorado’s lead in adopting reforms pushed by the Pew Charitable Trusts.

The announcement follows a news report that said it routinely and without notification charged higher rates than it initially quoted.

More than 137,000 credit union members will now have access to the online car-buying program.

The company defended its prices for currency conversions after a report said employees boosted rates for some business customers without notifying them.

On Mar. 31, 2018. Dollars in thousands.

Allowing alternative data such as rent and utility payments has bipartisan support, but some say it could create more problems than it solves.

On Mar. 31, 2018. Dollars in thousands.

Its noninterest expense rose 17% from a year earlier, in part because of costs stemming from its recent overdraft protection settlement with federal regulators.

The California company also benefited from higher interest rates and double-digit loan growth.

Wells Fargo is considering a sale of commercial real estate broker Eastdil Secured, according to a person briefed on the matter.

The Oklahoma bank’s net charge-offs were its second-highest in the last five quarters, but the company said it was confident in its credit quality outlook and growth prospects from a pending acquisition.

In addition to leading the company’s national business banking efforts, Peter Sefzik will also oversee small-business banking. Brian Foley, the chief credit officer for the Texas market, will succeed him as market president.

The company is once again positioning itself for growth now that it is no longer considered a systemically important financial institution.

BankUnited in Miami Lakes, Fla., said that second-quarter earnings rose 36% as average loan and investment securities balances increased.

The creation of the Consumer Financial Protection Bureau was widely expected to centralize regulation of payday and other high-cost loans in Washington. It hasn’t worked out that way.

The March acquisitions of a warehouse lending portfolio and eight California bank branches helped fuel a 22% increase in net income.