2020-03-26
Arizent, the parent company of American Banker, has conducted a broad industry survey on both the impact of the crisis and emerging responses.
Read More from: BankThink
2020-03-26
While LendingClub, Prosper, Avant and SoFi are giving existing borrowers breaks in the short term, they're considering tightening credit as the coronavirus outbreak threatens to drag the economy into a recession.
Read More from: BankThink
2020-03-26
Many borrowers will suffer unless the program, the central bank's latest response to the coronavirus pandemic, includes consumer loans issued by fintechs.
Read More from: BankThink
2020-03-26
The joint statement said examiners will not impede banks’ responsible efforts to offer open lines of credit, closed-installment loans or other products to borrowers dealing with fallout from the pandemic.
Read More from: BankThink
2020-03-26
As of the date of this writing we are barely two weeks into what could likely be the largest financial meltdown since the Great Depression.
Read More from: Levitt & Slafkes LLC
2020-03-26
As of the date of this writing we are barely two weeks into what could likely be the largest financial meltdown since the Great Depression.
Read More from: Levitt & Slafkes LLC
2020-03-26
We hope that everyone reading this is safe and is healthy. If you have lost your job or been furloughed because of the COVID-19 crisis, you are beginning to make the difficult choice of deciding what bills to pay first.
Read More from: Levitt & Slafkes LLC
2020-03-26
We hope that everyone reading this is safe and is healthy. If you have lost your job or been furloughed because of the COVID-19 crisis, you are beginning to make the difficult choice of deciding what bills to pay first.
Read More from: Levitt & Slafkes LLC
2020-03-26
Federal Reserve Chairman Jerome Powell said the central bank will maintain its muscular efforts to support the flow of credit in the U.S. economy as Americans hunker down from the coronavirus pandemic.
Read More from: BankThink
2020-03-26
Corporations have tapped more than $124 billion in lines in the past three weeks; rating agency says virus “could wipe out a full year of U.S. banking profits.”
Read More from: BankThink
2020-03-26
Last night we blogged about the $2 trillion COVID-19 stimulus bill that proposes to increase the SBRA small business debt limit in Subchapter V Chapter 11 bankruptcy cases from approximately $2.7 million to $7.5 million, at least for the next year
Read More from: Plan Proponent
2020-03-25
While analysts agree banks are in better shape than in 2008, lawmakers are dusting off a crisis-era tool used by the Federal Deposit Insurance Corp. to soothe potential liquidity fears during the coronavirus pandemic.
Read More from: BankThink