Consumer lending

Traditional banks’ budgets for growth and transformation have been virtually nonexistent since the financial crisis. In the new political and economic climate, traditional banks will gain the resources they need to innovate.

The Birmingham, Ala., company's profit climbed 8% as higher market interest rates and investment securities balances offset lower average loan balances.

The Columbus, Ga., company also announced late Monday that it is buying the credit card assets and brokered deposits of the retailer Cabela's and will then sell the card portfolio to Capital One.

The Consumer Financial Protection Bureau's prevailing mindset is apparently not affected by convincing evidence regarding options for borrowers looking for small-dollar credit.

Readers weigh in on a notable OCC personnel change, the Scottrade breach, the ability of corporate owners to still be anonymous and more.

Tangerine Bank, the digital lender owned by Bank of Nova Scotia, will start offering credit lines this year as it seeks to bolster flagging profit through expanded product offerings.

The Loan Syndications and Trading Association is appealing directly to Treasury Secretary Steven Mnuchin to exempt collateralized loan obligation managers from rules requiring "skin in the game" of deals.

Education Secretary Betsy DeVos on Tuesday rolled back an Obama administration attempt to reform how student loan servicers collect debt.

After years when it looked like millennials might opt for car-sharing and ride-hailing services over car ownership, recent data tells a different story.

Elevate Credit in Fort Worth, Texas, debuted Thursday at half the price the company had been targeting. Investors may have been spooked by the possibility of rising losses.

Upgrade, an online lender started by former Lending Club CEO Renaud Laplanche, will tout credit monitoring and education features to stand out in a crowded field.

New data from the American Bankers Association is the latest warning sign for the sector.

Amid a rising rate environment, political uncertainty and rising delinquency, credit unions can still take steps to protect their bottom lines.

Titi Cole succeeds longtime executive Jerry Enos.

Speaking at a town hall event in Washington, JPMorgan Chase CEO Jamie Dimon said that post-crisis regulations have made mortgages too costly for consumers — and made homeownership unattainable for borrowers with low incomes or blemished credit histories.

Research shows younger consumers are increasingly interested in personalized products and services, but credit unions may lose out on business if they don’t have aggregation tools that can compete with fintech lenders.

The Newport Beach, Calif.-based company uses artificial intelligence to help lenders make better decisions about borrowers’ creditworthiness.

JPMorgan Chase & Co.’s head of new technologies has been hired by Lending Club Corp. as the peer-to-peer lending pioneer seeks to rebuild business following a scandal over its corporate controls.

New research from the New York Fed confirms a lingering worry for the banking industry: More prime-age, college-educated borrowers are delaying the decision to take out their first mortgage as they focus instead on paying off their student loans.

Steve Eisman, the Neuberger Berman Group fund manager who featured in Michael Lewis's book "The Big Short," said he's concerned about the subprime-auto market, even though credit quality across the banking system has improved significantly.