Consumer lending

Goldman is offloading the lending platform less than two years after acquiring it as part of a broader retreat from the mass market.

Brown, who's been Ally Financial's top executive for nearly nine years, joined the company 14 years ago and played a key role in reshaping it after the financial crisis. He will become the president of a large auto dealer group.

Credit cards and auto loans both showed weakness in the second quarter, leading to an uptick in delinquencies and charge-offs for U.S. credit unions.

Following the end of a long moratorium for federal student loan borrowers, monthly payments are expected to total $18 billion. Much of that money will come from checking and savings accounts, which will put more pressure on banks' deposit bases.

The Detroit-based firm said the job cuts will occur across divisions and aren't isolated to a single line of business.

With multiple economic factors driving up the costs of owning a vehicle, the $1.9 billion-asset institution in New Hampshire is partnering with Credit Union Leasing of America to make car ownership more affordable for members.

German financial watchdog BaFin has appointed an independent monitor to oversee Deutsche Bank's progress in resolving issues at its consumer unit. It's the second time BaFin has taken the unusual step since Christian Sewing became CEO in 2018.

The combination of inflation and rising interest rates over the last 18 months has made it more difficult for Americans to stay on top of their loan payments, especially on credit cards and auto loans.

Georgia United Credit Union is collaborating with the income-verification fintech Argyle to combat submissions of false documents and other crimes.

Educational institutions ought to have some skin in the game when it comes to the student loan market.