SEC Charges Consumer Loan Company With FCPA Violation
World Acceptance's former Mexico subsidiary paid more than $4 million in bribes to Mexican officials, said the SEC.
JPMorgan Chase Names New CFO; Lake to Head Consumer Lending
The CEO of card services, Jennifer Piepszak, inherits the CFO spot from Marianne Lake, who was appointed CEO of consumer lending.
Goldman Sachs Rolls Out Consumer Lending Platform
Introduced last week, the online-only platform, Marcus, allows consumers to borrow up to $30,000 with no fees and a fixed APR.
Fed Finds Little Change in Lending Conditions
Banks reported easing of credit card and auto loan standards, but in the commmercial and industrial loan segment reports of tightening were more frequent.
Citi Sells OneMain to Subprime Lender
Citi has now sold more than 60 businesses and reduced assets in its "bad bank" Citi Holdings by more than $700 billion.