Consumer lending

Data showing that California residents 62 and older took out more payday loans than any other age group in the state points to an erosion of retirement security for seniors.

As the CFPB prods banks to improve their debt collection processes, tech firms are applying artificial intelligence, chatbots and self-service portals to create a more enlightened approach.

Despite assurances that the Department of Justice crackdown on banks' third-party relationships is ceasing, lawmakers say it is still having an impact.

On March 31, 2017. Dollars in thousands

Banco Santander plans to go ahead with a proposal to increase control of its U.S. subprime auto loan unit, after the business passed the Fed's stress test last month, according to people familiar with the matter.

ESSA Bank & Trust has successfully worked with a federal program that helps former prisoners in some eastern Pennsylvania towns get back into society, and it plans to expand the program to the Philadelphia market.

With traditional mortgage lending opportunities becoming increasingly scarce, banks in Seattle and Portland are loading up on jumbos, diving into multifamily and reviving dormant bridge loan programs.

A judge has approved the inclusion of new payday lenders in a case seeking relief from the effects of Operation Choke Point, and denied defendants' motion for summary judgment against Advance America.

Klarna, the Swedish fintech that recently received a banking license, has already inspired a generation of similar fintech competitors.

The subprime business lender halted new business and laid off scores of employees after recording higher-than-expected losses.

AutoGravity of Irvine, Calif., has received $30 million in equity financing from VW Credit, according to a source familiar with the matter.

A new report from the American Bankers Association reinforces existing concerns about the ability of U.S. consumers to manage all of their debts.

Net interest margins are on the rise and banks have the green light to return more capital to shareholders, but commercial lending and consumer credit quality remain trouble spots.

The New York-based company saw its fortunes fade after riding an earlier wave of investor enthusiasm about marketplace lending.

LendUp is seeking to differentiate itself from competitors by making fast loan decisions and designing its customer experience around the mobile phone.

Synchrony Financial and Alliance Data Systems are particularly vulnerable to recent shifts in Americans’ shopping habits, according to new research from Moody’s Investors Service.

Even with card defaults ticking up slightly, regional banks remain committed to pursuing more credit card business as they look to both diversify their balance sheets and deepen relationships with customers.

Visa Inc. is buying a stake in Swedish payments technology firm Klarna AB and forming a strategic partnership, as both companies aim to expand outside their core markets.

The $201 million-asset CU has seen delinquencies rise from just $1.2 million at the end of 2015 to nearly $11 million at the end of March 2017.

Compliance, security and data analytics were the themes at this year’s New York FinTech Innovation Lab demo day.