Lending

Applications for small business and commercial real estate loans are rising, creating some optimism among lenders — and more temptation to loosen standards to land those borrowers.

Small-bank executives are more optimistic about future loan demand than at any point since 2017, but they have mixed feelings about how to fund upgrades to the nation's roads, bridges and other infrastructure — if at all — according to a new survey by IntraFi Network.

Many younger people are looking for financing and are averse to traditional credit cards, says Four's Chaim Lever.

Citizens Bank and Barclays US are among the lenders expanding in this market — with or without fintechs on board.

Citizens Bank and Barclays US are among the lenders expanding in this market — with or without fintechs on board.

The end of the refinancing boom and impending rise in rates are not the only challenges lenders face. As one observer put it, they "can't make loans on homes that don't exist."

On Dec. 31, 2020. Dollars in thousands.

The New York bank, which holds deposits for the stablecoin firm Circle and enables payments for the smart contract provider GreenBox, wants to provide loans to crypto firms as well.

The New York bank, which holds deposits for the stablecoin firm Circle and enables payments for the smart contract provider GreenBox, wants to provide loans to crypto firms as well.

Data from the National Credit Union Administration shows the two states are bucking the trend of slowdowns in membership and lending.

The Dunedin, Fla.-based institution reported an 18.8% surge in assets last year, along with substantial growth in commercial lending, thanks in part to the Paycheck Protection Program.

The Arlington-based institution made gains across several metrics in 2020, including loan growth of 22%, driven in part by the mortgage refi boom.

Brim Financial contends there's an innovation gap for installment lending that favors larger lenders.

CUNA Mutual Group's latest Credit Union Trends Report shows consumers continue to deleverage thanks to stimulus payments and cash-out refinancing, though membership picked up slightly.

To drive the recovery we need to move beyond traditional data and models to incorporate new transaction and payment information that is more timely, more insightful, and more inclusive, FinRegLab's Melissa Koide and FICO's Larry Rosenberger write.

The decision is seen as a setback for the banking industry, which had been pushing for an extension, and a win for Democrats, who have argued that a pandemic is no time for banks to be shedding capital.

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.