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After Congress temporarily lowered the leverage ratio used by smaller institutions, the federal agencies said they would allow a one-year transition before banks have to comply again with the regular standard.8h ago
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Sen. Marco Rubio, R-Fla., said that $349 billion will likely not be enough meet loan demand from small businesses seeking a lifeline to help them weather the economic downturn brought on by the coronavirus outbreak.April 5
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While the federal government is touting the early success of the Paycheck Protection Program, community banks are complaining about headaches and glitches.April 3
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The $5.9 billion-asset Liberty Bank in Middletown had set aside $5 million to make small-dollar loans to customers affected by the coronavirus pandemic.April 3
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The proposed Agility Bank would rely heavily on digital offerings. It is pursing a national charter with the Office of the Comptroller of the Currency.April 3
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Lenders can offer deferred payments and capitalize on digital banking to help small businesses and consumers get back on their feet.April 2
Consultant and Founderbankmechanics
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The pandemic may force the Small Business Administration to rely more on fintechs and digital channels to hasten loan approvals, a shift that could stick.April 1
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In supporting the economic recovery from the coronavirus pandemic, lenders have a chance to restore public trust damaged in the last financial crisis. But they face tough decisions on dividend cuts, executive pay, furloughs and deeper changes to their business model in the process.April 1
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The Treasury Department and Small Business Administration are responsible for distributing $350 billion in coming months.March 31
