Forgotten SBA loan program gets new life

07/18/19

As budget questions loom over the most popular Small Business Administration loans, lenders have embraced the previously overshadowed 504 program after a key policy tweak.

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'Petulant children playing with matches': Comments of the week

07/18/19

Readers react to House lawmakers attempting to overhaul the credit bureaus, express sarcasm to the Senate Banking Committee eyeing cannabis banking, criticize Sen. Elizabeth Warren's plans to overhaul Wall Street and more.

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Sluggish loan growth hurts profits at Capital One

07/18/19

The McLean, Va.-based credit card issuer reported expense growth that rose faster than net interest income during the second quarter.

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Banks, appraisers assail NCUA rule as 'bad public policy'

07/18/19

The National Credit Union Administration caught flak after it approved raising the threshold for appraisals on commercial real estate loans to $1 million.

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Consumer lender Oportun lays groundwork for IPO

07/18/19

In a registration statement filed with the SEC, the company revealed new details about its financial performance and its growth plans.

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M&T defends 12% increase in costs

07/18/19

While executives at the Buffalo, N.Y., bank said they would take a closer look at spending, especially given the potential for interest rate cuts, they described investments in tech talent as an essential cost of doing business.

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Ally ends credit card experiment, pivots to point-of-sale loans

07/18/19

The company, which announced the conclusion of a three-year-old credit card partnership with TD Bank, is shifting to digital financing of individual consumer purchases.

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FHFA's Calabria: No Trump GSE plan until August or September

07/18/19

Although the presidentially directed reports on housing finance reform are "essentially done," FHFA Director Mark Calabria doesn't expect them to be published until August or September.

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Truist won't be too big to fail: BB&T's Kelly King

07/18/19

Ahead of a House hearing to examine his company's proposed merger with SunTrust, King tried to downplay regulatory concerns.

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Policymakers shouldn’t undermine existing overdraft regulations

07/18/19

The current overdraft rules could use some tweaks, but it should largely remain the same to protect consumers.

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