Consumer lending

RECENT NEWS
Financial Times  Nov 27  Comment 
Investors have not been deterred by warnings about rising household debt
MarketWatch  Nov 17  Comment 
Wells Fargo & Co. said Friday it has fired Franklin Codel, head of its consumer lending business, because of his actions in a communication with a former team member who was let go. The dismissal did not relate to the business or operations of...
Channel News Asia  Oct 3  Comment 
Wells Fargo & Co CEO Tim Sloan will be questioned about sales practices, mischarging customers for auto insurance, and complaints about mortgage fees at the bank's consumer lending unit when he testifies before U.S. senators on Tuesday.
Wall Street Journal  Jul 12  Comment 
When regulators stress test bank’s consumer loans, they look for rises in unemployment. In the gig economy, this is no longer likely to be as good a guide.
The Economic Times  Jul 5  Comment 
BoE said it had spotted weaknesses in the way firms have been ramping up offers of credit to consumers.
The Economic Times  Feb 9  Comment 
Central bank data at the end of November showed that demand for white goods — such as refrigerators or automatic washing machines — drove credit expansion in India.
Forbes  Oct 13  Comment 
Goldman Sachs, one of the most storied investment banks in the world, is getting into the consumer finance business with the launch of an online lending platform, Marcus.
The Economic Times  Sep 27  Comment 
Chairman Anil Ambani said Reliance Capital will apply for conversion to a Core Investment Company (CIC) status by March 2017.
Reuters  Apr 13  Comment 
Serial Silicon Valley entrepreneur Max Levchin has raised $100 million for his consumer lending startup Affirm, bucking the trend of falling valuations and slowing growth...




 
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