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CardWorks also specializes in non-prime credit cards and loans for recreational and marine vehicles.February 18
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The online lender's deal for Boston-based Radius would be the first in history in which a fintech buys a mainstream bank.February 18
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Bank will have more business lines, all reporting to the CEO; a research paper says the accounting rule could result in eased capital rules.February 12
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Depending on one's perspective, the surge in consumer borrowing is either a normal byproduct of a booming economy or a worrisome trend that portends a wave of delinquencies when the next downturn hits.February 11
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Mike Weinbach will lead consumer lending as part of a reorganization that will change the responsibilities of three longtime bank executives.February 11
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Payday lenders have long used bank partnerships and similar means to circumvent state interest rate caps. Lawmakers should stop such practices now.February 10
Former Senior Assistant Attorney GeneralColorado
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The agency's lawsuit against the Rhode Island company — the first involving a bank under Director Kathy Kraninger — has challenged assumptions about its approach to enforcement.February 9
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Think Finance, which had teamed with tribal lenders to offer high interest installment loans, could no longer make or collect on loans in states that have caps on interest rates, under terms of a proposed settlement with the Consumer Financial Protection Bureau.February 6
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An intraparty rift went public Wednesday over legislation that would impose a 36% rate limit on all consumer loans. Critics are concerned it would cut off minority borrowers’ access to small-dollar loans and hurt some community banks.February 5
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Higher rates are looming for transactions on e-commerce sites, while merchants in certain services categories, such as real estate and education, will see fees decline, according to a document Visa sent to banks.February 4
