Consumer lending

New data from the state shows that payday loans fell to a 12-year low in 2018. But the trend does not necessarily mean that consumers are paying less to borrow.

New York and 10 other states are looking into whether companies in the fast-growing sector are violating payday lending laws.

The card company is buying the corporate-services businesses of Danish payments provider Nets A/S; the online lender’s stock plunged after it missed second quarter earnings expectations.

The industry faces additional risks when members take out auto loans and then list their new vehicles on apps for others to rent.

The CFPB is giving the public an additional 30 days so consumer groups have more time to respond.

“Digital Vault” will allow customers to store encrypted documents on third-party servers; bank accuses Orcel of misdeeds.

State and federal authorities say the network of firms in upstate New York sought debts that consumers weren't obligated to pay and impersonated government officials, among other things.

Total loan volumes at institutions in both states increased by more than 1%, far above the national rate.

The hiring of Tim Wennes was one a series of leadership changes announced Wednesday by the holding company for the bank and the auto lender Santander Consumer.

The Democratic presidential candidate argued in a blog post that the U.S. could avoid a recession by canceling most student debt and authorizing regulators to more aggressively monitor leveraged lending.

On Mar. 31, 2019. Dollars in thousands.

On Mar. 31, 2019. Dollars in thousands.

Finance ministers call for tight regulation of cybercurrencies; Williams says the Fed must “act quickly to lower rates at the first sign of economic distress.”

The credit card issuer reported expense growth that rose faster than net interest income during the second quarter.

In a registration statement filed with the SEC, the company revealed new details about its financial performance and its growth plans.

Credit unions reported gains in a number of key areas but member business lending and new auto loans took a hit as overall growth continued to slow.

The company, which announced the conclusion of a three-year-old credit card partnership with TD Bank, is shifting to digital financing of individual consumer purchases.

Alleged discrimination over immigration status is the latest legal headache for Wells Fargo.

The company revealed its pretax losses for its forays into consumer and other digital banking services, which began in 2016 with the launch of a consumer deposit franchise and an installment loan product.

William Mellin will serve as a lending institution representative on the task force, which will evaluate the evolution of the taxi medallion industry.