Consumer lending

The Kennesaw, Ga.-based firm, which makes online installment loans to borrowers with blemished credit records, currently operates in 14 states.

Bankers oppose legislation that would let local governments finance energy efficiency projects with liens ahead of the mortgage.

Quona Capital Management raised $141 million for the Accion Frontier Inclusion Fund, which will invest in companies that provide financial and other services to underserved customers in emerging markets.

Simultaneous spikes in home prices and mortgage rates have put an unusual squeeze on borrowers' purchasing power and require lenders to be proactive about protecting their loan pipelines.

The San Carlos, Calif., firm is following a similar blueprint as other online lenders — launching with a particular loan product, refining its algorithms, and then seeking to expand into other corners of consumer finance.

Banks are seeing mostly positive or neutral trends in loan demand and broader economic indicators in the first six weeks of 2017 and are upbeat about future prospects, according to the Fed's Beige Book.

Longer loan terms may be compounding losses when cars are repossessed, a portfolio manager says.

The bank says it will push the rest of the industry to follow its lead and step up lobbying for policies that increase minority homeownership.

Prosper Marketplace will receive as much as $5 billion in loan funding under a deal that will provide investors an equity stake in the San Francisco company

The Dallas-based lender is planning to boost originations to borrowers with solid credit scores amid fears that the subprime auto market is overheating.