Small business lending

Data privacy, AI, regulation: Small-business lending is changing fast

05/14/19

The forces reshaping small-business lending are also leading to “a moment of reckoning” for small banks, says former SBA head Karen Mills.

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Buyer avoids red tape, seller builds on strength in Sound Bank deal

05/10/19

The deals lets a North Carolina group skip the de novo process. West Town, which sold the bank, will use the funds to support a fast-growing business line.

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Fraud alert: What to watch for in online business lending

05/07/19

Lenders say they are seeing a rise in synthetic identity and other types of attempted fraud. Here’s what they are doing to thwart it.

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Will fee fight cause another SBA shutdown?

05/07/19

Lawmakers from both parties oppose a Small Business Administration proposal to raise guarantee fees. The clash could lead to a halt in operations this fall.

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Government pushing to spur more business loans by credit unions

05/03/19

The National Credit Union Administration and the Small Business Administration have established a program to boost SBA lending by credit unions, which was very light last year. It is sure to irk bankers, who have raised competitive concerns.

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OnDeck lowers revenue target after charge-offs climb

05/02/19

The online small-business lender said it tightened its underwriting standards during the first quarter as credit quality worsened.

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New York officials still reaping millions from predatory lenders

04/30/19

The good times continue to roll for two New York City marshals whose work collecting debts for predatory lenders is making them millionaires.

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Chantel Chase, Zions Bancorp. | Most Powerful Women: Next

04/28/19

Chantel Chase knows the value of efficiency, and her many ventures at Zions Bancorp. have depended on it.

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'Political pandering to the uninformed': Comments of the week

04/25/19

Readers respond to the debates over economic inequality and CEO pay disparities, weigh in on FDIC board membership, consider LendingClub exiting small-business lending and more.

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LendingClub to close its small-business lending unit

04/23/19

Instead the online lender will refer commercial prospects to two partner companies as it seeks to focus on its core personal lending business.

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