lending

U.S. Consumer Borrowing Up $20.8 Billion, Most in 10 months

American consumers increased their borrowing by $20.8 billion in September. It was the largest gain in 10 months and was led by a sharp increase in borrowing for auto and student loans. The Federal Reserve says that September increase followed a gain of $13.8 billion in August and marks the largest monthly increase since a $24.5 billion jump in November…

US Banks’ Profits Up 7.7 Percent in Q4; Lending Grows

U.S. banks’ earnings in the final quarter of 2016 rose 7.7 percent from a year earlier, as lending continued to grow and banks set aside less for losses on loans for the first time since late 2015. The data issued Tuesday by the Federal Deposit Insurance Corp. showed strength in the industry more than eight years after the financial crisis…

Bentley Forms Task Force Focused on Predatory Lending

Alabama Gov. Robert Bentley is creating a task force responsible for identifying potential legislation that could help protect consumers from predatory lending. Bentley said in a statement Tuesday that he signed an executive order creating the Alabama Consumer Protection Task Force. The governor says predatory lending is one of the biggest problems Alabama consumers face during financial emergencies. The formation…