Lending

Lending Solutions Inc. reported it set a new record for the number of loan applications processed in July.

Credit unions and banks alike are fighting back against a proposal by the Department of Education (ED) that would restrict how universities disburse federal student loan funds, arguing the agency has overstepped its statutory authority.

Credit unions are growing their mortgages and auto loans at a faster rate than the competition, according to a TransUnion survey.

Now second only to holiday shopping, this buying season offers lending opportunities.

With purchase mortgages poised to supplant an expected drop in refinancing, here's a look at the 10 markets with the biggest year-over-year pickup in home sales.

Disclosure of confidential client information by the lead counsel for a group of merchants "fatally tainted" a 2012 settlement with American Express, a federal judge ruled, auguring poorly for a similar settlement with Visa and MasterCard.

Some 12 million Americans buy used cars through informal channels each year and Lending Club says those consumers are underserved by traditional auto lenders.

Auto lending experts agree CFPB's actions against the captive finance companies could open up a window of opportunity for CUs, but they warn there could be some negative consequences, too.

Unhappy with the regulator's effort to pare back restrictions on CUs business loans, bankers have taken a page from the CU handbook, sending copious letters to NCUA about its proposed MBL rule.

CUs traditionally have reserved big auto loan promotions for June, July and August, but historical car sales data suggests such a seasonal approach means CUs could be leaving money on the table.

Retailers' repeated efforts to get courts to reject two class-action settlements get boosted by news that attorneys were exchanging confidential client documents throughout the negotiations.

Should credit unions be happy or worried about how CFPB has gone after the auto manufacturer's finance units? The answer: both.

Even though Congress adds nearly $5 billion in additional funding to the Small Business Administration's flagship lending program, the problem isn’t solved yet.

A Senate bill passed late Thursday provides additional funding but it also requires enhanced reporting on lending and credit quality from SBA. The measure is headed to the House.

Credit union executives and stakeholders sound off on everything from NCUA wanting oversight of third-party vendors, auto loan growth, differentiation and more.

The Consumer Financial Protection Bureau has issued its final rule for the "Know Before You Owe" mortgage disclosure rule, which is also known as TILA-RESPA or TRID.

"Smart Strategies for Growing Loan Portfolios" explores new ways credit unions can pump up their lending volume.

Ten credit unions have signed on to CU Direct' AutoPREMIER service, a car-buying solution designed to enhance member service during the auto-buying process and help CUs retain member loans.

Legislation requires regulators to study whether FIs without systemic footprints should have to hold higher capital because of their servicing assets.