Consumer lending

The hand-wringing over business lending has overshadowed the fact that consumer lending — particularly for regional banks — has become a strong and steady engine of growth.

Bank of America's year-over-year loan growth was slow, but parts of its commercial and U.S. consumer businesses were strong, prompting optimism from the CEO in the face of lackluster numbers across banking so far this earnings season.

The Birmingham, Ala., company's profit climbed 8% as higher market interest rates and investment securities balances offset lower average loan balances.

The Columbus, Ga., company also announced late Monday that it is buying the credit card assets and brokered deposits of the retailer Cabela's and will then sell the card portfolio to Capital One.

The Loan Syndications and Trading Association is appealing directly to Treasury Secretary Steven Mnuchin to exempt collateralized loan obligation managers from rules requiring "skin in the game" of deals.

Speaking at a town hall event in Washington, JPMorgan Chase CEO Jamie Dimon said that post-crisis regulations have made mortgages too costly for consumers — and made homeownership unattainable for borrowers with low incomes or blemished credit histories.

New research from the New York Fed confirms a lingering worry for the banking industry: More prime-age, college-educated borrowers are delaying the decision to take out their first mortgage as they focus instead on paying off their student loans.

Deutsche Bank is finding that there just isn't enough soured U.S. mortgage debt anymore.

Wells Fargo engaged in an "extensive and pervasive pattern" of discriminatory and illegal lending practices for years, the OCC said in slashing a key rating of how the bank serves communities.

Loans originated in the fourth quarter of 2016 carried less credit risk, according to the latest Housing Credit Index from CoreLogic.