Lending

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.

The nation's first credit union saw an 88.5% increase in net income for 2018 thanks to a variety of factors, including a one-time payout from the National Credit Union Administration.

Credit union share of the credit card market is at a record high but there are concerns that this debt could begin to sour if the economy turns.

The British startup OakNorth sees U.S. community and regional banks as good prospects for its lending technology.

The Raleigh, N.C.-based institution said it also has more than 500 employees.

During the National Credit Union Collections Alliance conference, experts shared best practices on several topics, including navigating member bankruptcies and positioning auto loans for a downturn.

CUNA Mutual Group's February trends report showed that growth in auto loans, mortgages and membership had slowed.

The Peoria, Ill.-based institution also saw increases in lending and net worth.

By Mastercard’s own reckoning, the point-of-sale financing space is a $1.8 trillion market in the U.S. alone, making its Vyze acquisition a natural way to pursue an opportunity that’s being gobbled up by fintechs and card alternatives.

The Illinois-based credit union, which recently announced an expanded field of membership, saw loans rise by nearly 7% in 2018.