Credit

Most lenders are staying the credit bureau course in underwriting but some are mulling changes, particularly when it comes to marketing.

The advisory vote came two weeks after Preferred Bank in Los Angeles disclosed a major loan default.

There are so many reasons — the credit cycle, the plight of small banks or competition from Amazon and foreign banks — that the head of JPMorgan could live to regret that statement.

Most lenders are staying the credit bureau course in underwriting but some are mulling changes, particularly when it comes to marketing.

Dark clouds may not yet be on the horizon, but industry executives are sending the message to investors that they know a turn in the credit cycle is coming, and they are planning accordingly.

Fulton Financial, Univest Corp. of Pennsylvania and Franklin Financial Services disclosed a total of $75 million in exposure to the commercial relationship.

Amid their recent policy victories and record earnings, big banks have also been forced to grapple with the possibility that commercial lending — the lifeblood for large regionals — may never fully come back.

Splitit has recently begun offering point-of-sale financing with monthly installment payments for debit card purchases, targeting more budget-conscious U.S. and European consumers as well as those without credit.

The S&P 500’s financials sector drops more than 3%; former Amex chief’s venture capital firm is backing a credit scoring company.

The New York company on Friday promoted Wahida Plummer, who was previously in charge of regulatory matters, to chief risk officer and expanded the role of its chief credit officer.

A chunk of alternative loan customers are perfectly creditworthy, a report from the credit bureau shows.

It’s not just weaker underwriting and higher household debt levels that are driving past-due rates to their highest levels in seven years.

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.