Banking
Nubank says AI helped boost clients’ credit-card limits
[ad_1] Nu Holdings Ltd. said artificial intelligence features it started to deploy in Brazil helped the fintech increase credit-card limits for some clients, boosting…
Tag: consumer lending
Banking
Credit card borrowers are starting to show greater strength, new data indicates
[ad_1] After struggling for the last two years, credit card borrowers appear to be turning the corner. Late payments on credit cards aren’t rising…
Banking
The racial wealth gap is getting wider. Can technology fix it?
[ad_1] Four years ago, George Floyd was choked to death by a police officer after trying to use a possibly counterfeit $20 bill at…
Banking
Home Loan bank dividends are not ‘excessive.’ They’re oddly low.
[ad_1] Analyzed from a property rights perspective, the dividends paid by the Federal Home Loan banks to their members are surprisingly stingy, and vary…
Banking
Bank of America hurt by rising losses in credit cards, office loans
[ad_1] Bank of America’s credit card losses hit their highest levels since before the pandemic in the first quarter, the company reported Tuesday.Angus Mordant/Bloomberg…
Banking
Why bank stocks still have plenty of upside
[ad_1] The Federal Reserve on Wednesday indicated that interest rates could be coming down this year. The KBW Nasdaq Bank Index rose more than…
Banking
Goldman closes GreenSky sale, and Synovus sees an edge
[ad_1] Enjoy complimentary access to top ideas and insights — selected by our editors. Goldman Sachs announced it would sell GreenSky last fall as…
Banking
Why gambling addiction is suddenly a problem for banks
[ad_1] Gamblers in 28 U.S. states can now make legal sports bets from their mobile phones, which has fed fears that a problem-gambling epidemic…
Banking
Sen. Sherrod Brown presses big banks on protections for service members
[ad_1] Senate Banking Committee Chairman Sherrod Brown, D-Ohio, was flanked to his left by ranking member Sen. Tim Scott, R-S.C., and to his right…
Banking
Fifth Third eyes loan growth following strong 3Q credit performance
[ad_1] Recent “favorable credit outcomes” alongside deposit growth mean Cincinnati-based Fifth Third “can return to growing loans next year,” CEO Tim Spence told analysts.…
Banking
How the end of the student-loan pause could hurt deposit levels
[ad_1] U.S. banks can add the revival of student loan payments to the list of obstacles to deposit growth. With more than 40 million…
Banking
Why consumer delinquencies are at their highest level since 2020
[ad_1] Delinquency rates on consumer loans last month hit their highest level since the spring of 2020, a potential sign that inflation and rising…
Breaking News
Upstart stock sinks as tough lending landscape drives downbeat earnings outlook
[ad_1] Upstart Holdings Inc. has struggled to contend with a tougher lending environment, and the company indicated Tuesday that its challenges are expected to…
Banking
Banks, usually hungry for growth, are now looking to shrink
[ad_1] Citizens Financial, Capital One Financial and Synovus Financial are among the banks that have recently announced steps to shrink specific parts of their…
Banking
Banks lean into credit card growth, pointing to resilient U.S. consumers
[ad_1] Credit card lenders plan to stay in growth mode, saying they detect few causes for alarm in the consumer sector despite lingering recession…
Banking
U.S. consumer borrowing rises at slowest pace since late 2020
[ad_1] Total credit rose $7.2 billion, the smallest advance since November 2020, Federal Reserve data showed Monday. Brent Lewin/Bloomberg U.S. consumer borrowing slowed to…
Banking
Subprime auto bondholders face possible first hit in decades
[ad_1] “The economy is not doing well, and there’s a flood of shaky issuers that are going out of business” in the auto market,…
Banking
Americans paid 14% more for financial services last year: Report
[ad_1] Total fees and interest on credit cards rose 20% from 2021 to $113.1 billion last year, according to a new report from Financial…
Banking
Credit conditions expected to remain poor this year, bank economists say
[ad_1] The American Bankers Association’s headline credit index came in more than almost 43 points below the 50-point threshold that marks the line between…
Banking
Colorado’s new law on high-cost lending may be a model for other states
[ad_1] Under a measure signed by Gov. Jared Polis, Colorado will opt out of a 1980 federal law, which had enabled state-chartered banks from…