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Auto lending up more than 30 percent at credit unions since 2012

Abrigo

A resurgent job market (with 257,000 U.S. And just as in mortgage lending , credit unions are seeing a bigger piece of the consumer loan pie. credit union auto lending portfolios are faring. Across the country used vehicle loans nearly doubled their new counterparts by lending volume. in January, a jump of 0.5

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Growing a mortgage portfolio: Encourage borrowers to bank local

Abrigo

In the spirit of the go local movement, new data from Sageworks Bank Information peeked in on 10 cities to see which community banks were making an impact on local mortgage lending. • Indianapolis, Indiana – First Internet Bank of Indiana ($249 million). • Detroit, Michigan – Flagstar Bank ($4.65

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Payroll Fraud Could Cost KeyCorp $90M

PYMNTS

The customer involved in the fraud is Interlogic Outsourcing, which processes payrolls and is based in Elkhart, Indiana. percent and the company lost about $178 million from its market cap, dragging it to $17.56 The event occurred in the beginning of Q3. Shares in KeyCorp fell 1.8 billion from $17.735 billion. KeyBank’s five-year, $16.5

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Sizzle Or Fizzle: Facebook, Online Lending, Cash – And The Twilio Surge

PYMNTS

But Facebook got the jump on the news cycle this week with the big news that it was opening up Facebook Canvas for retailers and other marketers on the site, as opposed to just advertis e rs. Online lending . Yesterday’s “real” action resulted in a market cap of around $2 billion. Twilio’s Excellent IPO Adventure .

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2016 Ended Sluggishly, Despite Hopes

PYMNTS

Other big businesses like Indiana-headquartered, global engine maker Cummins are being cautious and say that the company is entering into the next year with a conservative view. The post-election sentiment has increased hopes for tax cuts and deregulations, which could lend a kick start to businesses, consumers and, ultimately, the economy.

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June’s Top 12 Mobile Pay Moments

PYMNTS

And what better way to mark that milestone than with a monthly recap of the Top 12 news items in one major market in the payments ecosystem: mobile payments. Samsung Pay is the first mobile payment service of its kind to be launched in Spain, giving it a head start in the market over Apple Pay and Android Pay. Apple Pay — 20 Months In.

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Deposits: Do you want a relationship or fries with that?

Jeff For Banks

As its brand evolved, ING and its well-known Orange savings account has been able to attract deposits that are not priced at the top of the market. First Internet Bank of Indiana is primarily a pure Internet play that does not enjoy the same brand splash as ING. Its deposit rates are typically at the top of the market.

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