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The debate over fair-value accounting is tailor-made for argument by analogy. Commentators on either side of this controversial matter draw a comparison to some physical situation--a favorite seems to be [...]

Community development credit unions (CDCUs) can improve their mortgage products for low-income and minority borrowers and still be free of financial risks. CDCUs must avoid overrelying on credit history and on shadow underwriting. Moreover, they must make escrow options available for repairs and look at net worth for self-employed borrowers. They must also relax downpayment standards and debt ratios. It is likewise important that CDCUs negotiate to reduce fees that add to closing costs., How would you evaluate the following two credit applicants? * A couple, making $90,000 a year and having many active credit sources, applies for a luxury boat loan. * A [...]

Byline: Penny Crosman The benefits of handling loans electronically rather than passing around sheaves of paper are a given. An all-digital process is quicker, with fewer errors and less paper [...]

Byline: Gil Weinreich, ThinkAdvisor Is it the greatest idea since sliced bread or the worst idea since the Ford Edsel? The U.S. Postal Service Office of Inspector General has published [...]

The retail banking sector in Asia has become firmly established as standards of living have risen. Banks are extremely keen to play a leading role in the retail sector, especially as margins in corporate lending are declining. There is particularly strong competition among banks in the loans sector, and this is bringing benefits for customers. Personal loans are now widely available, and interest rates are falling rapidly. This means that most customers can now borrow at, or near, the prime lending rate.

Byline: Branwyn Rhodes Looking to increase your loan portfolio? Ever thought about lifestyle lending? A type of indirect lending, lifestyle loans support retailers, medical providers and businesses by providing financing [...]

Byline: Victoria Finkle Consumers are paying down their debts across an increasing number of loan categories, according to the American Bankers Association. The financial services trade group released third-quarter consumer [...]

Byline: Sara Lepro Fannie Mae is retiring one of its mortgage-workout options, underscoring the growing emphasis on loan modifications through a government program and reflecting how much more dire homeowners' [...]

Byline: Rachel Witkowski First Internet Bank of Indianapolis plans to enter the commercial lending business after more than a decade of focusing on consumer loans. The online bank said Monday [...]

Byline: Bradford Wernle Chrysler Group needed a lender that specialized in nonprime and subprime consumer loans, and Santander Consumer USA Inc. was looking to add business in those areas. So [...]

He has slashed 100,000 jobs, built up a cash position, cut billions of dollars in expenses and overhauled management. But the most important thing Vikram Pandit says he has done [...]

WASHINGTON -Bankers are making more mortgages but still drastically decreasing other types of consumer lending, according to a Treasury Department survey of the largest financial firms receiving government rescue funds. [...]

Two online person-to-person loan facilitators are fine-tuning their affinity marketing strategies but have staked out different positions on the benefits of offering financial incentives to participate in affinity groups. Prosper [...]

In the effort to work out troubled home mortgages, lenders, servicers, and investors have encountered various problems with the available solutions. Loan modifications, for instance, require the servicer to get [...]

Continued credit losses from U.S. consumer lending marred a profit report from HSBC Holdings PLC that was otherwise characterized by strong growth in emerging markets around the globe. But the [...]

PHOENIX -- Arizona State Credit Union is partnering with a nonprofit healthcare employer to offer its employees an alternative to payday lending. University Medical Center Foundation's employees can take advantage [...]

Several payday lenders are violating state laws by providing inadequate disclosures, failing to extend repayment time, and charging illegal fees, according to a study by the California Reinvestment Coalition. The [...]

TEMPE, Ariz. -- Every year the amount of money American consumers spend on Christmas presents goes up, so Altier CU crafted a special short-term holiday loan to meet that need. [...]

RANCHO CUCAMONGA, Calif. -- The old saw is 'if you can't beat 'em, join 'em.' When it comes to payday lending, however, credit unions have pursued a 'join them and [...]

The emergence of the 'paystub loan,' a low-documentation variation of the tax refund anticipation loan, was a consumer finance lightning rod last tax season, with criticism of the product coming [...]

Banks trying to gain wallet share from retail customers should reexamine their approaches to consumer lending. During the past 20 years competitive forces have driven most consumer lending out of [...]

Some of the most innovative and important work to provide a better range of financial services to underbanked consumers is being carried out by nonprofits, often in collaboration with banks [...]

Barclaycard, a unit of the London banking company Barclays PLC, is pilot testing a product that combines a credit card with a personal loan. The 'Combinations' account lets consumers transfer [...]

When BankWest Inc. of Pierre, S.D., started funding payday loans three years ago, exporting unfettered interest rates to other states, it understood that the business might not last. 'We knew [...]

LARGO, Fla. -- A credit union here is seeking to build up member loyalty through a new loan program in which no credit history is pulled. 'We don't check credit [...]

CompuCredit Corp.'s entry into payday lending is a play at deepening the subprime card company's relationship with the unbanked but will also see it putting more of its own funds [...]

Transamerica Real Estate Tax Service has created a new product that provides tax-line information to mortgage lenders before or within days of boarding a loan on the servicing system of [...]

Is payday lending just a necessary evil? It is necessary, agreed members of a panel discussion during GAC-and it doesn't have to be evil, stressed two credit union representatives. On [...]

The credit union movement has been quite critical of the payday lending industry. But a challenge has arisen in the form of who is defending payday lenders: many credit union [...]

Student loan applications can now be signed, sealed and delivered online with the use of the electronic signature process offered by Wells Fargo Education Financial Services. Wells Fargo is using […]

ING BANK HAS LAUNCHED A NEW construction home loan product to finance the building of residential properties. The new product is a straightforward loan and is ideal for customers wishing [...]

LITTLEWOODS has launched two new voluntary benefits -- a health cash plan and a loan -- for its staff. A health cash plan from Medicash is available from this month [...]

A new Internet service is marketing home equity loans to car buyers through auto dealers. The company, iauto mortgage Corp. of Baltimore, intends to start offering the indirect auto loan [...]

Trips to the dentist for uninsured procedures could be a little less painful for users of Wellcredit.com, which bills itself as the first online multilender network for health-care consumer loans. […]

BT'S GLOBAL broadband Internet service, BTopenworld, is challenging the top online mortgage houses by launching a home loan service which gives consumers access to more than 125 lenders. The established [...]

FORT LAUDERDALE - More than a dozen car dealers in the Southeast are taking control of their financial futures, forming a company to finance their used car sales to customers [...]