Credit

The company says the upgrade will support future digital investments. It also said Tuesday that third-quarter profits climbed 8% but reported a sharp increase in criticized business loans.

Regulators have long warned the credit bureaus about deceptive marketing that causes consumers to sign up unwittingly for paid monitoring services. But the practice has persisted, according to complaint data.

While demand is strong and loan performance generally remains solid, the prevalence of longer loan terms has sparked concern that losses will eventually spike.

Its quarterly results show lower rates and emerging credit risks can be overcome. Whether most banks have all the same levers to pull is another matter.

Slowdowns in new factory orders and production, largely tied to the trade war with China, could translate to more defaults among industrial clients.

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.

MoneyLion and Varo say familiarity with existing customers — whom they already offer savings, investment and personal finance products — will help them make smart credit decisions.

The Fed’s injects funds into the repo market for first time in more than a decade; bank trying to partner firms with cash with those with market share.

The popular program could go idle next month for the second time in less than a year if lawmakers are unable to approve a $99 million credit subsidy.

Private Bancorp of America is the latest bank to report a borrower issue in connection with a high-profile fraud case tied to liquor licenses.

The loan participation has been flagged for potentially fraudulent activity.