2020-06-11
On June 8, 2020, the Federal Reserve Bank of Boston, the administrator of the Federal Reserve’s Main Street Lending Program, released updated term sheets for the three types of loans, “New,” “Priority” and “Expanded,” that will be available under
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2020-06-11
The lawmakers are attempting to block the regulation reforming the anti-redlining rule under review powers granted to Congress, but the move is largely symbolic with the Senate and White House controlled by the GOP.
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2020-06-11
The Oregon company tapped Tory Nixon to serve as president of its bank.
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2020-06-11
The credit union will pay an undisclosed amount for Community State Bank of Southwestern Indiana.
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2020-06-11
The maker of accounting and invoicing software is, with the help of a community bank, the latest fintech to cater to small-business owners.
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2020-06-11
The push for a public option to digitize government payments has gotten stronger, and the discussion has moved on from whether it should happen to how it should happen.
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2020-06-11
A budget item establishing a new agency to protect consumers from predatory lenders has been put on hold as state officials deal with the coronavirus response and other priorities.
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2020-06-11
After three months of supervising national banks remotely, examiners will soon resume visiting them in person and working in regional offices, says acting Comptroller of the Currency Brian Brooks.
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2020-06-11
Organizers of Coastal Community Bank withdrew their application after the pandemic disrupted efforts to raise capital.
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2020-06-11
Lenders are cautioning not only that second-quarter provisions might exceed the spike seen earlier this year, but also that credit costs could be elevated into 2021 if the economic slowdown drags on or fears of a second coronavirus wave are borne
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2020-06-11
The acting head of the agency says it cannot continue relying on web-based exams put in place during the coronavirus and will start sending staff into banks.
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2020-06-11
The company is partnering with Sensibill, a fintech whose technology turns photos of receipts into text and helps people track and manage their expenses.
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2020-06-11
Lenders stock up on masks, Plexiglas barriers and cleaning supplies; lawmakers hope recent fixes will attract more borrowers, but small businesses remain wary after constant changes.
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2020-06-10
As revenue-starved retailers fall further behind on rent payments, landlords' cash flow will be strained, and defaults on commercial real estate loans could rise.
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2020-06-10
The Ninth Circuit on June 1 affirmed a key bankruptcy principle that liens may survive and “pass through” the bankruptcy process even if the underlying claim secured by the lien is disallowed. The facts in Lane v.
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2020-06-10
The Federal Housing Administration's move to insure loans with forbearance could help support homeownership opportunities constrained by the coronavirus if one change was made to it, trade groups said.
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2020-06-10
The central bank is only now nearing the launch of the credit facilities after the effort was announced in April. But Chairman Jerome Powell said loans have been available through other means.
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2020-06-10
Members of the Small Business Committee signaled backing for broadening Paycheck Protection Program access for the smallest companies, encouraging participation by nonbank lenders and other improvements.
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2020-06-10
The venture with Goldman Sachs represents the first time Amazon has let a third party control the underwriting process of one of its financing offerings.
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