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The Dallas subprime auto lender seems to be reaching the bottom of its lingering supply of accounting issues, yet its origination of more loans through Fiat Chrysler underlined questions about the future of its relationship with the big automaker.
October 31 -
Credit unions have benefited from record car sales in recent years. But changing customer behavior and a new form of fraud could prove difficult headwinds to overcome in this area.
October 31 -
Payday lenders scored a victory when the bureau committed to proposing changes next year, but they expressed disappointment that the revamp will not address a key payment-processing provision.
October 30 -
The U.S. subsidiary of the Spanish company Banco Bilbao Vizcaya Argentaria benefited from healthy growth in consumer, credit card and C&I lending in the third quarter.
October 30 -
In a letter Monday to Federal Reserve Board Chairman Jerome Powell, the four House Democrats argued that the nation’s aging payments system is contributing to economic inequality.
October 30 -
The Federal Trade Commission, which issued a formal complaint against SoFi, is urging other lenders to review their advertisements for false claims about the benefits of refinancing.
October 29 -
Midterm elections are just eight days away and credit unions are making efforts to help get out the vote. Meanwhile, one Virginia-based CU is back in court over alleged ADA violations.
October 29 -
Taxi medallion loans are going nowhere fast, but loans to drivers for ride-hailing services like Uber could help replace some of those losses on credit union lending portfolios.
October 29Oak Tree Business Systems, Inc. -
Christian Sewing calls out the German bank's senior managers for using rumors of a merger with Commerzbank to excuse poor performance; banks in China begin using smartphones to pick up on lie-detecting facial tics.
October 29 -
From Democrats winning control of Congress to an escalating trade war and technology companies applying for a fintech charter, there are plenty of scary prospects facing the industry.
October 28