A “faulty” transfer of student loan accounts from Nelnet to Mohela in 2023 led to “millions of consumer credit reporting errors,” lawmakers say in a new letter to government agencies reviewed by CNBC.

There have been significant developments in the regulation of consumer loans across both the European Union and the United Kingdom in recent years. In response to evolving market dynamics, ...

Block, Inc. (NYSE: XYZ) announced its industrial bank, Square Financial Services, Inc. (SFS), has received approval from the Federal Deposit Insurance Corporation (FDIC) to begin offering the consumer ...

While the strong labor market remains the key pillar supporting the finances of resilient US consumers, major nonmortgage consumer loans have seen delinquencies increase as inflation has taken a toll ...

The Zacks Consumer Loans industry continues to witness weakening asset quality. Also, though the Federal Reserve has started lowering rates, prospects of significant interest rate cuts are less on ...

House Bill 1874 (H.B. 1874), denominated the “predatory loan prevention act”, was pre-filed for introduction in the Washington state legislature December 5, 2023, and referred to the House Committee ...

SINGAPORE (Reuters) - Grab, Southeast Asia's biggest ridehailing firm, deepened its finance sector push on Tuesday by announcing that it will offer consumer loans services in Singapore and roll-out ...