Loans & Lending
Auto loans, personal loans, student lending, BNPL services, lending rates, approval requirements, and borrowing strategies.
Latest in Loans & Lending
Concora Credit’s prerecorded-call settlement sets an estimated $250 to $650 for cellphone users who were not accountholders, with claims due Oct. 19
Concora Credit Inc. has agreed to pay $9.375 million to settle a federal lawsuit over prerecorded phone calls, but only $8.375 million of that goes...
Mortgage Investors Group breach settlement claims are due Nov. 19; opt-outs close Oct. 20
Staying in or stepping out is the first choice facing people covered by the Mortgage Investors Group data settlement, and it has to be made...
People caught in student loan servicer ECSI’s 2023-2024 data breach have until Dec. 21 to file for a cash payment or loss reimbursement
A guest lookup for student loan tax forms on the website of Educational Computer Systems, Inc., known as ECSI, is what attackers used to pull...
An Iowa man admitted laundering money from a scheme that took out at least $21,992,037 in bank loans in his name and the names of 26 unwitting customers
Curtis Weston, 35, of Rockwell City, Iowa, pleaded guilty on October 2 to one count of money laundering tied to a bank-loan scheme that moved...
The FTC starts sending PayPal payments from more than $15.8 million in Cleo AI cash-advance refunds on October 27, and each payment should be accepted within 30 days
The Federal Trade Commission will start sending PayPal payments on October 27 to 2,124,796 people who paid Cleo AI for instant cash advances, and the...
Fannie Mae’s September forecast puts the 30-year mortgage rate at an average 6.8 percent in the last quarter of 2026
Fannie Mae’s Economic and Strategic Research Group, in its housing forecast dated September 11, projects that the 30-year fixed mortgage rate will average 6.8 percent...
Mortgage applications fell 6 percent in the week ending September 25 as the average 30-year conforming rate rose to 7.30 percent, the MBA says
Mortgage applications fell 6 percent in the week ending September 25 as the average rate on a 30-year fixed loan with a conforming balance climbed...
The Federal Reserve meets October 27 and 28 after a September quarter-point hike, and the median official projection puts the benchmark at 4.1 percent by year end
The Federal Reserve raised its benchmark interest rate by a quarter of a percentage point on September 16, lifting the target range to 3.75 to...
New car loans cost 7.14% over 60 months and 6.97% over 72
New car loans at commercial banks averaged 7.14% over a 60-month term and 6.97% over a 72-month term in the second quarter of 2026, according...
The prime rate behind every home equity line is 7.00% while the Fed’s rate is 3.88%
The bank prime loan rate stood at 7.00% in the Federal Reserve’s latest H.15 release, published September 30, 2026, while the effective federal funds rate...
Bank of America’s variable home equity line rate stood at 8.525% on Sept. 23, after a 5.74% six-month intro rate
Two different rates sit on Bank of America’s home equity line of credit page: 5.74% for the first six months and 8.525% once that introductory...
TransUnion is holding VantageScore 4.0 mortgage scores at 99 cents through 2028
TransUnion announced on Sept. 29 that it will keep charging 99 cents for each VantageScore 4.0 mortgage score through the end of 2028, extending a...
Credit union loan delinquencies rose to 0.96% in the second quarter, NCUA says
Delinquent loans at federally insured credit unions reached 0.96% of loans in the second quarter of 2026, up 6 basis points from a year earlier,...
A bank personal loan averaged 11.86% last quarter, about 9 points below the 20.94% charged on credit card accounts, the Fed says
A 24-month personal loan at commercial banks carried an average rate of 11.86% in the second quarter, about 9 points below the 20.94% on credit...
A five-year new-car loan from a bank averaged 7.14 percent in the second quarter, the Fed says
A driver taking out a typical five-year loan on a new car paid an average 7.14% interest rate at commercial banks in the second quarter,...
U.S. Bank raised its prime lending rate to 7 percent on September 17
The prime lending rate that sets pricing on most variable-rate credit cards and home equity lines of credit rose to 7.00% on September 17, when...
Californians harmed by subprime auto lender Credit Acceptance will get $6.86 million in restitution and debt relief
California’s attorney general says the state’s consumers will collect $6.86 million in restitution and debt relief from subprime auto lender Credit Acceptance Corporation, the state’s...
August brought 40,277 U.S. foreclosure filings, up 13% year over year
A total of 40,277 U.S. properties had a foreclosure filing in August, up 13% from a year earlier and 1% from July, according to ATTOM’s...
Completed foreclosures rose 42% from a year earlier in August
Lenders completed foreclosures on 5,794 U.S. properties in August, up 42% from a year earlier and 22% from July, according to ATTOM’s August 2026 U.S....
Credit Acceptance borrowers with certain new loans could get a 95% debt off-ramp
Borrowers who take out certain high-risk car loans from Credit Acceptance Corporation starting in December 2025 could have 95% of their debt wiped out if...