credit

Fiserv sees existing credit lines as cure for PPP limitations

06/05/20

The race to provide coronavirus relief for small businesses is opening new routes to fund payments, including underused credit lines.

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The final CRA rule is in. Here’s why it’s better.

05/20/20

Comptroller of the Currency Joseph Otting says the revised Community Reinvestment Act will provide more credit access to communities in need and won't, as some had feared, create new thresholds for grading banks.

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Alternative data could be lifeline for consumers needing credit

05/19/20

Congress should pass legislation authorizing use of nontraditional data sources to make credit more available to consumers who’ve taken a hit from the coronavirus pandemic.

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Businesses hitting credit lines; Coronavirus could put banks in the red

03/26/20

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.”

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Fed announces aggressive actions to boost liquidity amid virus turmoil

03/23/20

The Federal Reserve committed Monday to conducting more asset purchases of Treasury securities and mortgage-backed securities and announced $300 billion in new financing for credit facilities.

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Fed again moves to calm markets; Dimon out of hospital

03/13/20

The central bank will inject $1.5 trillion into the money market, including buying more longer-term bonds; JPMorgan says its CEO “is doing very well” as he recovers from heart surgery.

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Credit reporting bill passes House but faces long odds in Senate

01/30/20

No Republicans voted for the package of bills intended to overhaul the credit reporting system, casting doubt on its chances in the GOP-controlled Senate.

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Comerica names new chief credit officer in latest management shake-up

01/23/20

The promotion of Melinda Chausse was one of several leadership changes the Dallas company announced this month.

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Machine learning’s promises, pitfalls

12/12/19

Testing shows an overreliance on machine learning data can unfairly harm credit scores.

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Why small businesses need regulators' proposed 'Madden' fix

11/26/19

Bank regulators are considering a bypass to the 2015 court ruling governing loan sales that would ultimately offer more credit options to entrepreneurs.

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