Commercial lending

Few companies have tapped the Fed's Main Street program

08/06/20

Just eight loans had been made as of late July, six of them through a single community bank in Florida, according to new data on the federal rescue program for small and midsize companies hurt by the pandemic.

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Biggest U.S. banks have more than $150 billion of deferred loans

08/05/20

Deferrals on residential mortgages and home-equity loans have been a common theme at JPMorgan Chase, Bank of America, Wells Fargo and Citigroup since the start of the coronavirus pandemic.

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State of ag lending: ‘It’s not full retrenchment, but it’s close’

08/04/20

The global pandemic and stalled trade negotiations have discouraged farmers and ranchers from taking on more debt and made banks uneasy about extending more credit.

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Cash-advance pioneer Yellowstone accused of deception by FTC

08/03/20

The company falsely advertises its cash advances as requiring no collateral or personal guarantee, according to a lawsuit filed by the Federal Trade Commission.

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Small-business owners are leaning on credit cards to survive

07/31/20

This personal funding has blurred the line between personal and business finances more than ever.

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BofA defers $7.7 billion of commercial loans amid pandemic

07/31/20

Current economic conditions will have "a continued adverse effect on our businesses” if they persist or worsen, Bank of America warns.

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IPO done, nCino now has to prove it can turn a profit

07/28/20

The pressure is on the fintech, which helps banks make digital loans, to stanch its losses and show its lofty market valuation was deserved.

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Nonbanks face new disclosure rules on small-business loans in N.Y.

07/24/20

Similar to a law passed two years ago in California, legislation headed to the New York governor’s desk would require fintech and other nonbank lenders to uniformly disclose total cost of capital, APR and other metrics to potential borrowers.

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Leaked PPP forgiveness plan leaves bankers wanting

07/24/20

A Small Business Administration notice has surfaced that explains what steps lenders must take to seek approval of their forgiveness decisions under the Paycheck Protection Program. But lenders say lawmakers and regulators must do more to cut red tape.

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Huntington aims to contain energy exposure, ride consumer lending

07/23/20

The Ohio company, which has beefed up its loan-loss reserves, raised the possibility of more sales of oil and gas credits and talked up strong retail segments such as its marine and RV loans.

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