Credit

Traditional credit scoring is under siege from alternative underwriting, and TransUnion is joining the future by investing in other emerging trends such as mobile device security and health care payments.

The company has also hit its goal of having half of total loans tied to customers around Atlanta.

The post-recession boom in auto loans and credit cards for borrowers with marred credit histories has been winding down in recent months.

Mark Begor said Wednesday that banks and other customers will receive regular updates on the credit reporting agency’s efforts to improve its cybersecurity in the wake of last year’s massive data breach.

Supporters say pending legislation would help consumers with little or no credit history. But the bill would instead roll back key consumer protections.

Preferred Bank's experience with an apartment developer is a reminder of how important strict underwriting terms will be as loan demand increases, rates rise and lenders try to outdo each other.

Costs rose at the global bank, profit in North America fell 16% and questions are mounting for new CEO John Flint ahead of the release of his strategic plan.

Porter Bancorp in Kentucky spent years tackling credit and capital issues. As Limestone Bank, it will finally get back on offense.

CIT took a $22 million hit on a business loan, and overall loan growth was tepid.

The Utah company reduced the size of its loan-loss allowance, citing improvement in its energy book at minimal losses from Hurricane Harvey.