Andy Peters writes about regional banks, consumer finance and debt collections for American Banker. He also co-writes the Morning Scan column. He has previously written for Bloomberg and for the Daily Report, a legal newspaper in Atlanta. He got his start in journalism as an editorial intern for The New York Times.
Amid all the bad news this year among taxi-medallion lenders, banks are trying to renegotiate loan terms behind the scenes, and regulatory changes could prop up collateral values and the competitiveness of taxis.
Attractive demographics, a large supply of startups that appeared built to sell and a surplus of smaller banks struggling with high expenses have combined to make the Mid-Atlantic one of the most active regions for mergers and acquisitions.
Some executives are shrugging off recent defaults as isolated incidents, but others say states’ uneven embrace of the Affordable Care Act, as well as potential changes to the law itself, have escalated the risks in lending to health firms.