Consumer lending

The Consumer Financial Protection Bureau proposal could have included flexibility for banks to offer payday loan alternatives, but the plan misses the mark.

The Consumer Financial Protection Bureau issued its long-awaited proposal Thursday to regulate payday, auto title and certain high-cost installment loans without a key provision that would have allowed banks to compete by offering their own small-dollar loans.

The Consumer Financial Protection Bureau's long-awaited proposal to establish the first federal rules for payday, auto title and high-cost installment loans did not include a provision that banks had planned would allow them to compete by offering small-dollar installment loans.

We need to adopt a more nuanced view of credit that considers not only the cost of credit, but also the cost of default and the cost of having no credit.

Access to credit helps unemployed consumers by giving them more time to find a new job with higher pay, according to research by economists from the University of Minnesota and Dartmouth College.

Fannie Mae announced it sold its third Community Impact Pool of non-performing loans to New Jersey Community Capital.

While existing state laws show that payday lending curbs lead to positive outcomes, those laws will still benefit from a strong Consumer Financial Protection Bureau rule.

A legislative proposal has surfaced in Congress that seeks to disrupt much of the U.S. system of reporting and using credit information, including potentially major changes in credit scores.

The Consumer Financial Protection Bureau will unveil sweeping federal regulations Thursday for payday lenders that could open the door for competition from banks, while forcing lenders to move toward longer-term installment loans. Here's what to track when the plan is released.

The idea that restricted access to loans for poor-credit borrowers is unequivocally a bad thing is based on industry talking points that don't stand up to real-world scrutiny.

A lawsuit filed in U.S. District Court accuses Atlanta-based Equifax of failing to keep its promises to protect the personal information of Kroger employees.

A Georgia auto title lender has contributed nearly $240,000 in additional funds to two South Dakota political organizations waging campaigns over a pair of short-term lending ballot measures, according to campaign finance records released Friday.

Washington State Attorney General Bob Ferguson filed a lawsuit Thursday accusing a Florida-based company and its owners of charging students illegal fees for debt relief services.

The Consumer Financial Protection Bureau reached an $85,000 settlement Wednesday with a former Wells Fargo mortgage loan officer.

Academics are challenging the Consumer Financial Protection Bureau's study of auto title loans, calling the findings inconsistent with state data.

The credit rating agency argues in a new report that the financing arms of auto manufacturers are better positioned than banks to withstand a widely expected decline in used-car prices. The report also finds that the quality of auto loans made by banks has been declining.

Academics are challenging the Consumer Financial Protection Bureau's study of auto title loans, calling the findings inconsistent with state data. The study found that one in five borrowers who take out a short-term auto title loan end up having their vehicle repossessed. Some states report vehicle repossessions rates of between 6% and 11%.

The city has launched a feasibility study to determine if it is worthwhile to sell some of the debt to a third party.

The CFPB has handled approximately 143,700 complaints about credit reporting - including wrong information on reports and problems have errors resolved - since October 2012.

TCF Financial in Wayzata, Minn., is hoping a new product line aimed at the underbanked will also breathe new life into its once-bustling branches.