Lending

If you're like a lot of credit union and bank executives out there, you're probably not so sure—and even the financial regulators don't all agree on how it should be done.

In one corner, the major CU trade groups and the Community Home Lenders Association, who are hoping the administration will further cut premiums after a reduction a year ago. On the other are MBA and ICBA, which argue a cut now would be too soon.

The numbers credit unions posted for loan and membership growth last year will be tough to beat, particularly given the economic challenges that have already sent the stock market plummeting.

The agency scrapped a part of its 2014 proposal that would have required Home Loan Bank members to maintain a certain percentage of residential mortgage assets in order to keep their membership. But the agency held fast on a provision that would disqualify captive insurance firms from membership.

Some lenders have asked whether the bureau would adjust its so-called resubmission guidelines — which determine whether lenders have to refile data based on errors found in samples — and it has responded with a request for further industry input.

Loan portfolio growth jumps 10.7% in 12 months ending in 3rd quarter of last year – vs. 6.6% increase at commercial banks in same time span.

The Seattle-based tech giant, in its latest foray into the financial services business, has begun offering installment loans to British consumers.

Filene Research Institute said it has entered into a new collaboration with QCash Financial to pilot a program designed to provide a low-cost alternative to payday loans.

Mortgage lenders on both the residential and commercial sides of the business will have to deal with a different lending environment in 2016. These include enforcement of TILA-RESPA Integrated Disclosure violations plus rising interest rates and the impact on origination volumes. Here are 10 observations that originators need to mull over while crafting their business plans for the coming year.

Existing-home sales plummeted in November confirming fears in the mortgage industry that a new consumer disclosure rule is delaying mortgage closings.

Veridian Credit Union in Waterloo, Iowa, has obtained certification as a Community Development Financial Institution.

GrooveCar Inc. announced that four more credit unions have joined its online auto buying service program.

Auto Financial Group (AFG), a provider of financing products for credit unions and banks, said its year-to-date growth figures show increasing momentum in new customer signings for AFG’s balloon lending and remarketing programs.

News that two suspected terrorists took out a loan with a prominent marketplace lender has fueled fears online lending could be more susceptible to terrorist financing.