Consumer lending

From YouTube test drives to subscription services, auto lending isn’t what it used to be – and credit unions need to ensure they’re keeping up with the times.

The largest U.S. labor federation is calling on Santander Consumer USA to end its practice of allowing car dealers to add interest to a vehicle loan unrelated to the borrower's creditworthiness.

Mary Jackson, a former executive at Cash America International, succeeds Lisa McGreevy at the helm of the Arlington, Va.-based trade group.

Despite recent encouragement from the OCC, banks still struggle to make a profit on short-term loans.

Banks are extending maturities and making loans to riskier credits to boost volume; banks cut their muni holdings as tax rates drop.

The Dallas auto lender might lose as much as one-third of its business if it severs ties with the automaker, raising fresh questions about whether its parent company will buy out shareholders and take full ownership.

The agency found no “systemic issues” in its review of other banks’ sales practices; some churches say the lenders are needed, others see the devil.

The Pittsburgh company said that the moves would improve both operating efficiency in its retail network and the credit profile of its consumer loan portfolio.

Paring down branches, product offerings and business lines can help banks succeed.

Payday lending stocks are beating records. Mostly because they're no longer payday lenders.