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The decision by the state’s Department of Business Oversight on an application for a lending license by Sezzle could guide fintechs and others seeking to make loans to consumers at the time of purchase.
December 30 -
Some legislators and consumer groups want federal regulators to block such alliances. Here’s why that’s a bad idea.
December 26 -
New CEO Tim Wennes is counting on soon-to-launch digital offerings to boost consumer loans and deposits and playing up Santander's international reach in a bid to win over middle-market and corporate clients.
December 24 -
The Consumer Financial Protection Bureau faces a busy policy agenda heading into the new year, as well as strong external forces that are beyond its control.
December 23 -
A new report from the National Credit Union Administration's Office of the Inspector General outlines what to expect in the year ahead following some 2019 scandals.
December 23 -
The state has proposed a law to cap the interest rate on certain consumer loans, but nonbanks aim to skirt it by seeking a rent-a-charter.
December 20California Department of Business Oversight -
The fresh optimism is starting to outweigh some of the worries hanging over the sector heading into the new year.
December 19 -
Big picture the industry is doing well, but at the median, lending and membership are flagging even as deposits and assets rise.
December 18 -
The proposed changes laid out by banking regulators would clear up confusion about what qualifies for CRA credit within so-called Opportunity Zones. But not all community development advocates are convinced that the changes are for the better.
December 17 -
The Department of Business Oversight said TitleMax charged consumers fees to push loan amounts above the threshold at which the state's rate cap applies.
December 16