Lending

Wider net interest margins compared to a year earlier helped make up for a slight decline in loan balances, as nearly two-thirds of banks reported higher profits in the first quarter.

ChargeAfter, a startup that matches retail customers with financing options at the point of sale from various lenders, has raised $8 million in its first major funding round.

Purpose Financial has agreed to purchase CreditGenie Inc. as payment companies face pressure to offer point of sale financing.

Steve Hagerman, who was responsible for the first mortgage platform at JPMorgan Chase, will be head of consumer lending technology at Wells. It also named Gary Owen, a veteran of WarneMedia, Promontory Financial and Citi, its chief information security officer.

The California-based institution posted growth in loans but saw net income fall from a year earlier.

Mastercard is making a niche play in the hot point of sale financing market, teaming with Dividio and lastminute.com to offer installment loans at checkout.

From data analytics to focusing on a service culture and more, here's a look at how technology is radically remaking lending.

Year to date Dec. 31, 2018. Dollars in thousands.

A new study from CUNA Mutual Group shows CUs ended March with tepid growth in membership and auto and real estate loans compared with a year earlier.

The first day of CU Direct's annual Drive conference included insights from dealers, executives at online car-buying platforms and more.

As evidenced by a Senate hearing, Republican and Democratic lawmakers still live in alternative universes when it comes to financial regulatory policy.

At a Senate Banking hearing focusing primarily on predatory lending practices, NCUA Chairman Rodney Hood offered insight into the agency's priorities under his leadership.

Everything from phone bills to utility payment histories could help credit unions expand lending opportunities to consumers without a credit score.

Ask 453 bankers their forecasts on loan demand and the economy, or their feelings about the BB&T-SunTrust merger, pot banking as well as other hot issues, and a clear picture emerges. Promontory Interfinancial Network recently did just that, and here our five takeaways from the results.

It's not likely most lenders or credit card issuers would jump at the chance to give more money to a customer having trouble making payments. But for some borrowers, that may be the best solution to this problem.

The Odon, Ind.-based credit union also grew its membership to over 50,000, up more than 9% from a year earlier.

On Dec. 31, 2018. Dollars in thousands.

Community banks in the state have struggled to attract the funds to meet surging loan demand, but that could change now that a new law has made it easier for them to accept government deposits.

Las Vegas-based institution said its first-quarter net income was down about 21% from a year earlier.

The Honolulu-based credit union said its earnings dropped by more than 37% from a year earlier.