Small business lending

U.S. Bancorp enlists CDFIs’ help to aid minority entrepreneurs

08/26/20

The Minneapolis company’s partnership with the Black Business Investment Fund and other community development financial institutions is an example of how banks can fulfill multimillion-dollar pledges aimed at closing the racial wealth gap.

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CFPB extends comment period on overhaul of redlining law

08/19/20

The CFPB is giving stakeholders until Dec. 1 to file comments on a potential overhaul to its rules related to the Equal Credit Opportunity Act, which prohibits discrimination in credit and lending decisions.

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Small banks are dominating the Fed's Main Street Lending Program

08/19/20

With big banks largely shunning the program, small banks see an opening to grab more market share in commercial lending.

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French crowdfunding platform courts bank partners to gain U.S. foothold

08/13/20

Ulule is working with Bank of the West to build name recognition. It hopes to collaborate with other banks and credit unions as it vies with larger companies such as Kickstarter and GoFundMe.

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Outside of PPP, it's crickets in small-business lending

08/12/20

The Paycheck Protection Program has masked what has been a year of tepid demand and tightened lending standards. And bankers aren't expecting a rebound anytime soon.

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PPP had its strengths. Its successor can be stronger.

08/12/20

A public-private partnership that has fewer rules and restrictions than the Paycheck Protection Program would save more small businesses.

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Demand for Fed's Main Street loan program is growing, Rosengren says

08/12/20

The head of the Federal Reserve Bank of Boston said the central bank had acquired stakes in 32 business loans as of Monday, four times the amount from two weeks earlier.

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Amex in advanced talks to buy Kabbage

08/11/20

The card giant could pay $850 million in cash for the online small-business lender, according to a person familiar with the talks.

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Why banks are putting PPP forgiveness on the back burner

08/10/20

The Small Business Administration began accepting applications Monday, but lenders such as JPMorgan Chase are holding off in hopes that Congress will grant blanket forgiveness for smaller Paycheck Protection Program loans.

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More banks opt to sell PPP loans as heavy lifting nears

08/05/20

Many sellers are ditching the loans to avoid the cumbersome forgiveness process. For others, the Paycheck Protection Program was never a strategic fit.

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