Lending

A new report from the regulator shows slower growth in membership and lending, as well as a decline in the number of credit unions reporting profits.

The proposed legislation is similar to a package put forward in 2020 and another introduced in the House in 2019.

COVID-19 has pushed an increasingly popular, non-traditional POS lending product into the mainstream.

The London bank is trying out new models that help it assess the creditworthiness of recent college graduates, and layering on software that analyzes the fairness of its credit decisions.

A new report from CUNA Mutual Group shows just how much COVID-19 and the economic slowdown impacted the credit union industry in 2020.

Year to date Sep. 30, 2020. Dollars in thousands.

Home loans accounted for the bulk of the industry’s lending gains in 2020, but inventory shortages in some markets and an uneven economic recovery may dim prospects this year.

On Sep. 30, 2020. Dollars in thousands.

Some categories of businesses, such as restaurants, have different needs the program doesn't adequately address, says LendingFront's Jorge Sun.

If you are underbanked you probably have limited access to mainstream financial services normally offered by retail banks. Many fintech startups offer alternative ways to measure credit risk, and assert that their products can help extend financial services to consumers who have not been well-served by traditional banks.