Consumer lending

As the consumer lender announced its seventh consecutive profitable quarter, its CEO bragged that his company is better positioned than the likes of Goldman Sachs and LendingClub.

BBVA Compass in Birmingham, Ala., reported 6% increases in loans and revenue, as strength in consumer loans and credit cards offset weakness in fee income.

The CFPB banned online payday lender NDG Financial, three corporate officers and nearly a dozen affiliated companies from lending to consumers in the U.S.

Executives from Ally Financial and Santander Consumer USA gave rosy outlooks about 2019 consumer trends, while other banks that rely less heavily on car lending offered more cautious appraisals.

Although the credit union industry managed to add more loans and members, lending is expected to grow at just 8 percent this year, according to a recent report.

The agency is exploring how to reopen small-dollar lending options for banks, but consumer groups are urging it to maintain pricing limits and other controls.

More than half of the new depositors the online bank added in the fourth quarter are millennials.

The Atlanta fintech is looking to expand rapidly beyond its roots of arranging financing for home improvement projects.

After struggling during the Great Recession, the Las Vegas-based credit union has now posted 27 consecutive quarters of positive results.

The Consumer Financial Protection Bureau won't require payday lenders to assess borrowers’ ability to repay. American Banker reporter Kate Berry explains why.

Auto lending in particular was a strong area for institutions in both states.

A man entered a SunTrust branch in Sebring, Fla., and shot and killed five women, four of whom were bank employees; 24 million mortgage documents exposed in data security lapse; the battle for deposits is like "a steel-cage" match; and more from this week's most-read stories.

The consumer bureau says the online lender improperly extracted millions from over 5,000 accounts without getting authorization.

The New York company will also match donations made by its employees to Feeding America and United Way Worldwide.

Readers weigh in on the Consumer Financial Protection Bureau's payday rule, consider the gender wage gap in banking, debate restrictions to membership at the Federal Home Loan banks and more.

U.S. Commerce Secretary Wilbur Ross said unpaid federal workers could borrow to tide themselves over during the government shutdown rather than call in sick to earn a paycheck elsewhere.

When a Columbia University professor surveyed 1,000 payday loan customers, little did he know that the resulting research report would become a lightning rod in the drafting of rules for small-dollar lenders.

Double-digit gains in net interest income more than offset sluggish growth in fee income at the Salt Lake City company.

The McLean, Va., company also reported a decline in charge-offs on credit card loans.

The consent order against California Check Cashing Stores is part of a broader crackdown by the Department of Business Oversight on small-dollar lenders trying to skirt interest rate limits.