Scott Kavanaugh, CEO of First Foundation Bank in Irvine, Calif., talks about running a startup bank during the financial crisis. The drought in de novos will likely continue because of high compliance costs, he said.
What Big Banks Are Giving to Presidential Candidates
The 2016 presidential race is shaping up to be the most expensive ever held. Following are the top financial-services donors, including employees, their immediate family members, and political action committee contributions, to each major presidential candidate (sorry Jim Gilmore). Data as of Sept. 30, 2015, all data based on Federal Election Commission filings compiled and analyzed by the Center for Responsive Politics.
Brayden McCarthy and Jared Hecht of Fundera argue that the Small Business Borrowers' Bill of Rights, a self-regulatory document written by online small-business lenders, should serve as a template for future government regulation of the sector.