Consumer lending

The economy has been expanding for nine years, but one credit union economist believes the tide could be about to turn – and soon.

The NCUA board is considering adding as many as two additional payday alternative loan options for credit unions, and regulators have clarified a rule on severance claims after involuntary credit union liquidations.

A chunk of alternative loan customers are perfectly creditworthy, a report from the credit bureau shows.

It's too late for Congress to overturn the consumer bureau's regulation on short-term lending, but acting Director Mick Mulvaney will have plenty of chances to reshape it.

Otting wants banks to make small loans to consumers; the German bank will reduce headcount by at least 7,000.

It’s not just weaker underwriting and higher household debt levels that are driving past-due rates to their highest levels in seven years.

The agency's bulletin opens the door to banks' making more short-term loans to borrowers with lower credit scores — with few parameters beyond "sound underwriting."

Senate Democrats want acting CFPB Director Mick Mulvaney to explain why the agency is no longer policing student loan lenders and servicers, but any impact on credit unions remains to be seen.

U.S. credit card issuers are already caught in the middle of intense debates over guns, marijuana and cryptocurrencies. Gambling on sports is next.

CEO Tim Sloan said that the bank has "pulled back enough" on auto lending and is poised to grow the business again.

The CFPB policy was aimed at preventing discriminatory markups on indirect loans made by car dealers, but current acting CFPB Director Mick Mulvaney said the guidance "seemed like a solution in search of a problem."

While reform legislation for banks is just around the corner, market signals suggest the economy could be headed toward another downturn.

Senate Democrats want acting CFPB Director Mick Mulvaney to explain why the agency is no longer policing student loan lenders and servicers.

Bank of America on where its AI hopes (and worries) lie; Zelle founder Paul Finch announces his leave from the payments network; the one area where banks and fintechs want more regulation; and more from this week's most-read stories.

The post-recession boom in auto loans and credit cards for borrowers with marred credit histories has been winding down in recent months.

A bill to allow the USPS to offer financial products would be bad for consumers, taxpayers and the banking industry.

JPMorgan and Santander show off their uses for the technology; commercial and industrial loans outstanding are rising.

It's too late for Congress to overturn the consumer bureau's regulation on short-term lending, but acting Director Mick Mulvaney will have plenty of chances to reshape it.

Acting CFPB Director Mick Mulvaney has dropped agency plans to crack down on overdraft programs and large marketplace lenders. Here's what else he's changing.

Circle Internet Financial says it is now worth $3 billion following latest funding round; proposed changes would give banks more leeway to make some trades.