Consumer lending

It's difficult to predict exactly what might be the next threat to the financial system. Here's a roundup of some prime suspects.

Credit unions in the Great Lakes State continued to add members in Q2 while a variety of loan types saw double-digit growth.

The agency alleges that some customers made payments to the e-commerce group even though their accounts had already been sold to third-party debt buyers.

Rising wages and savings rates resulted in a decline in past-due payments in the second quarter, the American Bankers Association said in its quarterly report on delinquency trends in consumer lending.

A two-year-old lawsuit by the CFPB may be languishing, but nine members of the Teachers Federation of America sued the student loan servicing giant alleging that it misled borrowers in public service professions in order to line its pockets.

Banks are being encouraged to offer smaller loans as an alternative to payday products, but their high interest rates can still put consumers in debt.

The senior Democratic lawmaker said the CFPB chief and the Trump administration "are doing everything in their power to roll back consumer protections."

The firm hopes to distinguish itself from other lenders by analyzing customer cash flow to determine the likelihood that borrowers will repay.

Two credit unions are part of a fintech pilot program to help borrowers set aside money to pay down student debt faster.

By using the app, which will go live Monday in a pilot program, customers can point their phone at a vehicle and get an augmented reality overlay that provides all its critical info: the make, model and year of the car, as well as its price range and other information.