Credit

Financial regulators’ statement cautiously encouraging lenders to go beyond traditional underwriting in their lending decisions is a big step forward for the use of alternative data and artificial intelligence, bankers say.

Curve has appointed Paul Harrald to lead a business line that will allow the all-in-one card company to offer support for credit card debt reduction and installment payments.

Casting aside recession fears, the credit bureau predicts credit cards, mortgages, auto loans and unsecured personal loans should all perform well — including those extended by online lenders.

Testing shows an overreliance on machine learning data can unfairly harm credit scores.

Casting aside recession fears, the credit bureau predicts credit cards, mortgages, auto loans and unsecured personal loans should all perform well — including those extended by online lenders.

Many business customers are putting off expansion because they can’t find enough workers to fill available jobs.

The regulator says the bank needs to address employee complaints and pay controls; the presidential hopeful would make it more difficult for banks to combine.

Banks will not have to file reports on customers just because they're in the hemp business; making it easier for people with no credit history to get loans.

One recent study finds consumers have flipped their point-of-sale preference from credit to debit. That could be a sign of fears about a possible economic downturn.

One-time expenses at a handful of large banks marred an otherwise solid quarter, while higher charge-offs point to possible credit-quality concerns.

Bank regulators are considering a bypass to the 2015 court ruling governing loan sales that would ultimately offer more credit options to entrepreneurs.

Several banks have reported spikes in substandard loans, special mention credits and watch-list relationships. What does it all mean?

Such credits, which reflect borrowers with financial challenges, increased significantly during the third quarter.

The New York State Department of Financial Services is opening a probe into Goldman Sachs' credit card practices after a viral tweet from a tech entrepreneur alleged gender discrimination in the new Apple Card's algorithms.

If the no-premium agreement announced by First Horizon and Iberiabank this week is a sign that sellers’ asking prices will come down, then Regions might reconsider its anti-M&A stance, a company executive said.

The credit bureau will consider borrowers’ rental payment history and professional licenses; bank looks to build business on the other side of the Atlantic.

Shares in the lender fell after it reported lower third-quarter profits, said nonperforming assets rose and cautioned that it had lost multifamily loan deals to competitors offering easier terms.

With data collection, just because you can doesn’t always mean you should, says Equiniti's Sarah Jackson.

The nation's largest private student lender plans to curtail its use of forbearance, a move that could well save some borrowers money but could also result in more defaults.

Why the Toronto bank is focusing on digital features; complaints about credit monitoring plans flood CFPB; the strategies midsize banks are relying on to stimulate growth; and more from this week’s most-read stories.