Consumer lending

Prosper Marketplace will receive as much as $5 billion in loan funding under a deal that will provide investors an equity stake in the San Francisco company

The Dallas-based lender is planning to boost originations to borrowers with solid credit scores amid fears that the subprime auto market is overheating.

Using big data can help credit unions better understand which delinquent members have the assets to repay accounts in collections, saving CUs time and effort, and increasing the likelihood of repayment.

After several strong years for credit union lending, new research shows consumer confidence dipping, with the overwhelming majority of consumers saying they don’t plan on borrowing anytime soon.

On Sept. 30, 2016. Dollars in thousands

The Federal Trade Commission is looking at whether auto finance companies that use sophisticated technology like ignition kill switches are illegally harassing subprime borrowers that have fallen behind on their payments.

U.S. District Judge Gladys Kessler is set to rule next week on whether to halt the Justice Department's quest to force banks to cut ties to industries it considers to be at high risk for criminal activity.

Focusing on the rise of auto financing delinquencies ignores the bigger picture: Loan volume has grown on all risk tiers and defaults are a natural part of the process.

The San Francisco online lender reported a $32 million loss in the fourth quarter, which brought red ink for the full year to $146 million.

More and more banks are using advanced geographic information systems to help make decisions around branch consolidation, lending in low-income communities, monitoring fraud and even deploying talent.

The cards could prove to be popular with Americans who travel frequently to Asia.

JPMorgan Chase and Wells Fargo are among the large institutions that are making fewer car loans amid intense price competition and concerns that lenders are at risk of bigger losses.

Financial firms are going on offense in Washington, pressing a policy agenda that would have been unimaginable just a few months ago. Some proposals, like reforming the Consumer Financial Protection Bureau, have been floated before while others began to gain traction after Republicans swept the November elections. Here's a look at some of the industry's requests.

The rise in home values is good news for homeowners looking to tap the equity in their homes to pay down debt or make big purchases, but some consumer groups fear it could lead to a new wave of loan defaults.

Rather than push for looser rules on robo-calls, the industry should focus on policy related to the channels consumers prefer: email and text messages.

Sports stars face unique challenges obtaining credit, and bankers need to develop certain skills to successfully court those prospects.

Sports stars face unique challenges obtaining credit, and bankers need to develop certain skills to court those prospects successfully.

Most recently Thomas Pahl worked on debt collection and credit reporting issues as a partner at Arnall Golden Gregory in Washington.

The San Francisco-based online lender will soon begin selling refinanced student loans through Promontory’s member network.

Jessica Rich, who joined the agency in 1991, is stepping down in mid-February, the FTC announced Tuesday.