Consumer lending

Home improvement lender EnerBank USA expects half of its loans will be originated on the app it built *in-house*, which promises near-instant approvals.

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.

Usama Ashraf, the marketplace lender's new chief financial officer, will oversee finance activities and its capital markets function.

The newly installed chairman of the Federal Communications Commission voted against 2015 rules that largely rejected the banking industry's entreaties.

The $163.7 billion-asset auto lender reported net income of $248 million, down 5.7% as a result of an increased loan-loss provision and noninterest expenses.

Citigroup's decision to exit mortgage servicing by the end of 2018 is part of a long-term strategy to increase returns and sharpen the bank's focus on its core retail customers.

With home values — and interest rates — rising, homeowners finally seem ready to tap into their homes' equity to fund long-delayed home-improvement projects.

With home values — and interest rates — rising, homeowners finally seem ready to tap into their homes' equity to fund long-delayed home-improvement projects.

TCF Financial executives are considering pulling back from selling auto loans, following a sharp decline in gains during the fourth quarter.

Declines in deposit-service charges and in gains on the sale of auto loans drove down 4Q earnings.

The auto lender also said originations fell 24% due to intense competition.

Acquisition pushes quarterly revenues past $1 billion for first time ever.

Total loans rose 7%, but the provision for loan losses jumped 27% to $1.7 billion.

Strong loan growth was partially offset by rising delinquencies in its flagship credit card business, as well as in student and personal loans.

A deal between Ford Motor Credit and a San Francisco-based startup will give car buyers the option of customizing their own loan terms.

The Stamford, Conn., credit card issuer reported net income of $576 million, up 5.3% from the same period a year earlier.

The auto lending group is touting loan growth of more than 16% for its CU partners throughout 2016.

CUs tap new branch managers, Keesler names new CFO and other credit union professionals in the news.

Profit surged at BB&T in Winston-Salem, N.C., during the fourth quarter, driven by various acquisitions and growth in business lending.

BorrowersFirst said its new financing will come from Waterfall Asset Management, a New York firm that focuses on high-yield investments.