-
The reduction in debt during the first quarter was the second largest on record, according to a new report by the New York Fed. Government stimulus payments and continuing limitations on travel and entertainment spending are key factors.
May 12
-
Collectors are mulling a procedural overhaul after a three-judge panel said the practice of using vendors to inform consumers about outstanding debts is illegal. The case may also complicate the CFPB's upcoming rule on electronic messaging.
May 11
-
After more than 100 years of mostly in-person operations, the subprime installment lender is seeking to adapt to changing consumer preferences — launching an online loan platform just before the pandemic and recently striking a deal to acquire a financial wellness app.
May 10
-
On Dec. 31, 2020. Dollars in thousands.
May 10 -
On Dec. 31, 2020. Dollars in thousands.
May 10 -
The country’s largest banks are pulling out all the stops to lure customers to take on new credit cards again, after retreating from such deals during the COVID-19 pandemic.
May 10
-
The nation’s largest mortgage lender plans to use a new partnership with the financial technology company AutoFi to sell more cars to its home loan customers.
May 5
-
The digital-only bank has adopted machine learning to process loans faster, more accurately and with better fraud detection than in the past.
May 5
-
More than a year into the pandemic, with the U.S. economy improving and consumers having paid down debt, bankers are finally loosening the reins in auto lending and credit cards.
May 5
-
Cordray, named this week to lead the Education Department's office of federal student aid, cracked down on banks, student loan servicers and for-profit colleges when he was director of the Consumer Financial Protection Bureau.
May 4
