Consumer lending

Criticism of payday lenders is deserved and Congress should not throw out the CFPB's short-term lending measure.

The Kennesaw, Ga.-based company, which targets borrowers with blemished credit records, has acquired LoanHero, which specializes in loans at the cash register.

The agreement marks the latest example of the banking giant teaming with a fintech to speed up delivery of services to its customers.

In some ways the Canadian bank's U.S. consumer business is only now shaking off many of its crisis-era problems here. CEO Darryl White is pinning his retail-comeback hopes on a rejuvenated sales culture and a focus on more profitable customers.

The CDFI formerly known as Progreso Financiero targets consumers with little or no credit history.

The late-payment rate on loans frequently used to consolidate credit card debt hit its highest level in more than four years.

Criticism of payday lenders is deserved and Congress should not throw out the CFPB's short-term lending measure.

The milestone marks the end of a seven-year-long recovery in the credit card market that followed the Great Recession.

Rather than jump right away into lending to car buyers, Access National will start by offering CRE and M&A financing to dealerships.

The people-helping-people model proffered by LendingClub and others quickly foundered, but several startups aim to bring it back with the help of distributed ledger technology.