Consumer lending
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FICO scores leave out ‘people on the margins,’ Upstart’s CEO says. Can AI make lending more inclusive — without creating bias of its own?
The Value Gap is a MarketWatch Q&A series with business leaders, academics, policymakers and activists on reducing racial and social inequalities.…
Read More » - ECONOMY
Al Lord Profited When College Tuition Rose. He Is Paying For It.
Al Lord, the former chief executive of student-loan giant Sallie Mae , has a complaint about higher education: The price…
Read More » - Banking
Discover spends millions on ads, loosens credit in bid to spur lending
Worried about loan volume at a time when consumers are flush with cash, Discover Financial Services has relaxed the credit…
Read More » - ECONOMY
WSJ News Exclusive | Low-Income Lending Rules Set for Broad Overhaul
Top U.S. banking regulators are expected as early as Tuesday to commit to jointly modernize rules governing how banks lend…
Read More » - ECONOMY
Hedge Funds Short ESG Market Darling Credito Real
Mexico’s largest payroll lender has had a tough year. Wall Street short sellers are betting it’s going to get worse.…
Read More » - Banking
BofA predicts consumer spending will drive loan growth in second half
While ultra-low interest rates crimped Bank of America’s revenue during the second quarter, the company expects interest income to rise…
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BofA struggles with tepid loan income as consumers shun new debt
Bank of America is struggling to build back its lending income as consumers, flush with cash from government stimulus programs,…
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Flat credit card growth at JPMorgan Chase bodes ill for other issuers
Amid the bright spots in JPMorgan Chase’s second-quarter earnings report — including higher consumer spending and record revenue in asset…
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Spotlight on loan growth — or lack of it — as earnings season kicks off
When earnings season kicks off Tuesday, banks are expected to report a continuing influx of deposits, still-improving credit performance and…
Read More » - Banking
GreenSky facilitated loans without borrowers’ consent: CFPB
GreenSky has been fined $2.5 million and forced to refund up to $9 million in loans the fintech allegedly allowed…
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