Lending

The chairwoman of the House Financial Services Committee should call on regulators to take more aggressive steps with bad banking practices, starting with Wells.

There may only be so much institutions can do if the outbreak affects borrowers' ability to repay credit.

Attempts to rewrite the method for determining unintended discrimination in housing should not bleed into fair-lending laws.

The Exton, Pa.-based credit union grew its commercial real estate and credit card lending in 2019 from a year earlier.

San Diego County Credit Union saw membership rise 4.5% last year, but net income was down due to decreased loan volumes, increased charge offs and higher operating expenses.

Afterpay has found an opening in the U.S. by targeting the millennials who don't have a credit card to use at the point of sale.

The proposal is the fourth piece of legislation unveiled this week to tweak the Federal Credit Union Act.

Data from regulators in the Badger State show state-chartered CUs making gains in several key areas in 2019 even amid a dip in ROA and an increase in allowance for loan losses.

Some institutions say the combination of chatbots and social media could entice new borrowers, but burdensome legacy systems may limit their effectiveness.

Phenix Pride FCU in Alabama is one of several institutions Inclusiv and the African-American Credit Union Coalition are celebrating during Black History Month.

Klarna has agreed to acquire Italian fintech Moneymour as part of an innovation push to counter rivals in the popular point of sale credit market.

Point of sale credit is a popular option, and Visa has followed its investment in Klarna by financially backing ChargeAfter.

Unsecured debt – either closed-end or revolving – could be a bright spot as other loan categories slow, but new entrants and other factors could create challenges in the year ahead.

Year to date Sep. 30, 2019. Dollars in thousands.

Shifting to a seamless, customer-centric automation strategy can help credit unions better compete with the big banks while also meeting consumer expectations set by the likes of Amazon, Uber and more.

Breaking into the POS credit market is nearly impossible for payment companies without cooperation, says Jifiti's Nufar Segal.

Companies that scored highest in this year’s Best Fintechs to Work For (a ranking compiled by our parent company, Arizent) go beyond the basics of strong pay packages, generous benefits and effective leadership to take a more holistic interest in their employees’ lives, according to the data.

Companies that scored highest in this year’s Best Fintechs to Work For ranking go beyond the basics of strong pay packages, generous benefits and effective leadership to take a more holistic interest in their employees’ lives, according to the data.

Kabbage Inc. is offering tailored loans to small businesses that have unexpected cash flow needs, hoping to grab a wider share of its clients' relationships.

At a recent congressional hearing, OCC chief Joseph Otting showed just how far he might go in allowing reinvestment credits to lenders.