2020-04-07
Firms that spread big-dollar deposits to community banks have seen a rush in demand as small businesses seek emergency loans to weather the coronavirus pandemic.
Read More from: BankThink
2020-04-07
The Small Business Administration said lenders approved $71 billion in loans from the Paycheck Protection Program in less than five days.
Read More from: BankThink
2020-04-07
President Trump on Tuesday praised some of the country's largest financial firms for pledging to take new steps to help small businesses disrupted by the coronavirus.
Read More from: BankThink
2020-04-07
Since Governor Murphy put a stay in place Order in New Jersey, every county Sheriff in New Jersey has either cancelled or suspended scheduled foreclosure sales.
Read More from: Levitt & Slafkes LLC
2020-04-07
Since Governor Murphy put a stay in place Order in New Jersey, every county Sheriff in New Jersey has either cancelled or suspended scheduled foreclosure sales.
Read More from: Levitt & Slafkes LLC
2020-04-07
Simmons Bank in Arkansas is dealing with extra traffic on its digital channels and added call volume while communicating with customers through email, push notifications and even snail mail as well as its new app, says Alex Carriles.
Read More from: BankThink
2020-04-07
The online lender, which is looking to become a direct lender in the Paycheck Protection Program, has accepted 37,000 applications while working with an unnamed bank to fund businesses harmed by the coronavirus pandemic.
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2020-04-07
Five Democrats on the Senate Banking Committee sent a letter to Director Kathy Kraninger calling the agency's response to COVID-19 “tepid and ineffectual at best.”
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2020-04-07
The share of borrowers seeking payment relief rose more than tenfold as COVID-19 concerns grew and authorities encouraged the practice, according to the Mortgage Bankers Association.
Read More from: BankThink
2020-04-07
The Small Business Administration’s loan processing platform went down Monday for as long as four hours, temporarily halting the ability of lenders to process loans for small business owners seeking relief from the impact of the coronavirus.
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2020-04-07
Soaring demand for loans from firms hard hit by the coronavirus pandemic has led to predictions that the program could soon run out of funds.
Read More from: BankThink
2020-04-07
thanks to my friend Cathy Moran for permission to lift this from her blog
Read More from: Stop Creditor
2020-04-07
The economic fallout from the COVID-19 pandemic will leave in its wake a significant increase in commercial chapter 11 filings.
Read More from: Bankruptcy Law Insights
2020-04-07
The acquisition would give SoFi control of a technology platform that is currently used by some of its competitors in digital banking.
Read More from: BankThink
2020-04-07
The government should encourage community lenders to offer six-month loan repayment forbearances to struggling businesses before it’s too late.
Read More from: BankThink
2020-04-07
TrueAccord has expanded a platform, originally designed for banks, to assist borrowers hurt by the coronavirus pandemic.
Read More from: BankThink
2020-04-07
The Cincinnati company will hire about 950 workers to meet heightened demand for loan deferrals and other forms of relief clients are seeking to weather the economic fallout of the coronavirus outbreak.
Read More from: BankThink