consumer loans

Banks Ease C&I, Residential Lending Standards
Credit & Capital

Banks Ease C&I, Residential Lending Standards

The easing reflected "a more favorable or less uncertain economic outlook" and heightened competition.
By Matthew Heller | August 3, 2021
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Banks Paused Tightening in Q4
Mergers & Acquisitions

Banks Paused Tightening in Q4

Many U.S. financial institutions left loan standards unchanged for business and real estate credits, as demand weakened.
By Matthew Heller | February 2, 2021
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Ally Financial’s Takeover of CardWorks Called Off
M&A

Ally Financial’s Takeover of CardWorks Called Off

The companies agreed to terminate the $2.7 billion deal, citing the "unprecedented" impact of the COVID-19 pandemic.
By Matthew Heller | June 25, 2020
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Fintech Lender Settles with SEC for Overstating Investor Returns
Risk & Compliance

Fintech Lender Settles with SEC for Overstating Investor Returns

Marketplace lender Prosper overstated annualized net returns to more than 30,000 investors for nearly two years.
By Vincent Ryan | April 19, 2019
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LendingClub Accused of Hiding Upfront Fees
Risk & Compliance

LendingClub Accused of Hiding Upfront Fees

The FTC says the lender collected “hundreds or even thousands of dollars” as an upfront fee while telling consumers it charged "no hidden fees" on loans.
By Matthew Heller | April 25, 2018
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Consumer Loans Drive JPMorgan Earnings Beat
Financial Performance

Consumer Loans Drive JPMorgan Earnings Beat

The bank reports average core loans rose 8% in the third quarter, offsetting a 27% drop in fixed income trading revenue.
By Matthew Heller | October 12, 2017
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U.S. Banks See Slower Loan Growth, Higher Charge-Offs
Risk

U.S. Banks See Slower Loan Growth, Higher Charge-Offs

However, a higher federal funds rate boosted net interest income at large banks, leading to a 12.7% rise in profits.
By Vincent Ryan | May 25, 2017
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Fed Finds Banks Are Tightening on C&I Loans
Investment Banking

Fed Finds Banks Are Tightening on C&I Loans

A less favorable economic outlook had some banks tightening standards for commercial and industrial loans in July, said the Federal Reserve.
By Vincent Ryan | August 2, 2016
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