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Under a plan signed into law in March, the agency will first target direct loans that it has made to socially disadvantaged farmers. Guidance that will affect small banks that have made government-backed agricultural loans is due in 120 days.
May 21
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The Small Business Administration’s sluggish pace in forgiving the biggest Paycheck Protection Program loans is straining relations between banks and some borrowers.
May 20
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The maker of software that helps banks offer "buy now, pay later" loans at the point of sale says its latest funding round has pushed it into unicorn status.
May 18
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The Amsterdam bank offers to directly credit a small business's invoices early after a vetting process — but before the invoice is paid.
May 17
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On Dec. 31, 2020. Dollars in thousands.
May 17 -
On Dec. 31, 2020. Dollars in thousands.
May 17 -
JPMorgan Chase, the biggest funder of fossil-fuel companies globally, is pledging a 35% reduction in “operational carbon intensity” for its oil and gas portfolio by the end of this decade.
May 13
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Applications for small business and commercial real estate loans are rising, creating some optimism among lenders — and more temptation to loosen standards to land those borrowers.
May 13
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The Pennsylvania company will offer commercial loans and treasury management services after hiring bankers in Dallas and Orlando.
May 12 -
Some worry the Senate’s rejection of the OCC rule hampers efforts to clarify legal standards for banks selling loans to fintechs.
May 12
