Lending

Understanding how consumers pay their debts over time is expected to widen access to credit for consumers recovering from financial problems or who were hard to score before. Just how many it will benefit is an open debate.

DES MOINES--Cornerstone Community Credit Union has partnered with online marketplace lender LendingPoint to provide loan products for its members that struggle to qualify for traditional financing.

National Credit Union Administration board members want to make it easier for CUs to lend their members.

Bank of America launches a 3% down payment home loan in partnership with Freddie Mac, but the bank won’t retain any risk if the loans default. That’s because it will immediately will sell the loans and servicing rights to Self-Help Federal Credit Union.

Shoppers who finance the purchase of cars, furniture and home improvements are protected under a decades-old federal regulation. Now consumer groups are urging the FTC to update its rule and consider offering the same protections to victims of home-mortgage or auto-leasing scams.

The mismatch between demand for new homes and the supply threatens to drive up prices and dampen lending.

Whitefish Credit Union business lending office announces four moves, Pennsylvania CU Foundation board news and more.

Home equity portfolios have shrunk at banks, but credit unions and nonbank lenders helped fuel the surge in home equity lines last year.

Enterprise Car Sales helped rev up auto lending among its credit union partners, generating roughly $500 million in auto loans during 2015.

Credit unions are outperforming other auto lenders, but experts warn some may need to rethink their pricing for risk.