Lending

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.