Lending

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.

The Federal Housing Administration's new loan defect "taxonomy" may give lenders better clarity on the quality assurance reviews of FHA loans, but it's not a shield from possible enforcement action by the Department of Justice and other regulators.

Marketplace lending represents a new subset of competitors for credit unions. As investment dollars flood into the alternative lending sector, fueling the rapid growth of early entrants such as Lending Club, lots of smaller online loan platforms are also popping up. Many of these new firms are specializing in narrow lending niches, touting their expertise in underwriting particular forms of credit. Here’s a rundown of some of these specialties.

When the Supreme Court agreed to hear a Texas "disparate impact" case last year, many financial institutions hoped it would end the use of the divisive legal theory used by regulators and other authorities. But the court's Thursday decision, by contrast, appears to strengthen the government's hand.

The CFPB is helping to reshape mortgage and payday lending, but its attempts to curb abuses in auto lending have been largely stymied by car dealers and the fragmented nature of auto finance.

SECU of Maryland has licensed Rate Reset to allow members to "reset" loan rates without going through a formal refinancing process.

Senate Democrats are urging regulators to investigate potential discrimination in how financial institutions handle and market foreclosed homes.

Nonbank lender HomeBridge Financial Services has lifted the curtain on a new mortgage platform aimed at community banks and credit unions.

After publishing 1,888 pages detailing new mortgage disclosures, the Consumer Financial Protection Bureau's failure to file a required two-page form with Congress on time forced a delay of the rules' effective date.