Lending

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.

CRIF Select, a division of CRIF Lending Solutions and provider of indirect lending solutions, announced expanded partnership agreements with five credit unions in New Mexico.

Walker rejects sections of state budget that would expand payday lenders' authority.

How do you know if a new product is really going to take off? When it’s something members were asking for and previously had to be steered to another institution.

The Republican presidential contender is reviewing legislation opposed by banks that would allow payday loan stores to expand into a variety of new products and services.

Though the Land of Lincoln doesn't have a budget, more than 60,000 state workers may be eligible for interest-free loans from the state's credit unions.

It's a good news/bad news situation in the credit union auto lending arena. Purchase volumes are high, delinquencies are low and new buyers are continuing to enter the market. That's the good news. The bad news: this may be as good as it gets.

The auto loan market is strong and shows no signs of slowing down, according to credit unions across the country.

Nearly 25 years after a landmark deal and two subsequent legislative overhauls, glitches in the credit reporting system remain widespread. As a result, regulators and law enforcement officials are again raising the stakes for the credit reporting industry, but critics fear it may not be enough.