Credit

Freddie Mac's test of artificial intelligence to make lending decisions could be a significant turning point in broadening the use of the technology.

Bankers are expected to field numerous questions on third-quarter earnings calls about the threat of shrinking loan yields, stubbornly high deposit prices and what they're going to do about them.

Caught in the middle of a credit-subsidy debate, the program would have shut down on Tuesday without congressional action.

The Dallas company inherited the loan relationship from a bank it bought in 2017.

The Boston company said the loan participation went into default due to potentially fraudulent activity.

Boosted by companies like Klarna, Affirm and Splitit, payment installment plans have become a popular alternative to credit card debt for consumers — and business transactions are the next target.

The House Financial Services Committee passed a bill that would exclude adverse credit information for consumers impacted by a government shutdown.

Democratic lawmakers and consumer advocates say the remedies offered to consumers by firms like Capital One and Equifax are too difficult to access and not particularly helpful.

The decision to bring in Michael Doyle follows a quarter where the South Dakota company reported a spike in net charge-offs.

The Michigan company sold collateral tied to Live Well, a mortgage company that has filed for bankruptcy protection.