Lending

The Federal Deposit Insurance Corp. reported that strong profits and improvements in asset quality contributed to a strong earnings quarter for the banking industry, though capital declined and securities losses remained elevated.

The latest in a new breed of bank competitors is Zaria, a servicer of traditional and digital asset-backed loans for institutions, which has requested a national trust bank charter from the OCC.

A recipe of no securities, mostly adjustable-rate loans and a cheap rural deposit base made the Texas bank the top performer in the $2 billion-$10 billion asset class.

The OCC conditionally approved the lender's de novo application. Upstart Bank's proposed CEO spoke with American Banker about the review process.

A November ballot measure will ask voters whether to establish the nation's first municipal public bank. The harder question of how to capitalize such a bank is being left for later.

The high-cost lender wants a federal court to vacate a nine-figure judgment, claiming the Consumer Financial Protection Bureau acted in "bad faith" by abandoning a settlement agreement that would have sharply reduced the company's payment.

The company, formerly known as LendingClub, moved from NYSE to Nasdaq as it officially launched its new name as a full-fledged digital bank.

The recent uptick in commercial-and-industrial lending is the result of disruption in the private credit sector, one economist argues. Bank analysts say the upheaval in private credit is one factor among many.

A federal judge harshly criticized the settlement of a civil suit between the Department of Justice and a Texas land developer.

The digital bank and lender did not increase its full-year outlook in anticipation of an interest rate freeze.

The investment firm's Alternatives division comprised a majority of the online lender's $60 million Series C funding round.

The Consumer Financial Protection Bureau has finalized changes to Regulation B, which implements the Equal Credit Opportunity Act, to eliminate any liability for indirect discrimination by lenders. The change represents a major shift in how the agency polices lending discrimination.

Banks are pushing back on the Consumer Financial Protection Bureau's draft of a five-year strategic plan, which includes a notable pullback from supervising nonbanks.

The Federal Savings Bank in Chicago got hit with a federal consent order after the Office of the Comptroller of the Currency found that the bank blasted veterans with millions of deceptive ads.

A federal judge refused to sign a settlement agreement between the Department of Justice and Houston developer Colony Ridge because it failed to provide any consumer relief. DOJ agreed to an out-of-court settlement instead.