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CEO Lynn Harton said his Greenville, South Carolina-based bank struggled the past year to keep Navitas from overshooting the limit the bank set for its expanding portfolio, about 10% of total loans.
June 12 -
Plans to allow U.S. banks to reduce the capital they hold create uncomfortable echoes of past turmoil in credit markets. As regulators contemplate relaxing standards meant to protect the public, they should look to past financial crises.
June 11
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A private credit fund got suckered into the Aspiration Partners fraud; is that an 'it could have happened to anybody,' or a sign that the industry has low standards?
June 8
American Banker -
Research from the New York Fed suggests that the legalization of sports betting has important implications for consumer lenders.
June 5 -
Republican Sen. Joni Ernst is calling for more scrutiny of 10 lenders that were ejected from a Department of Agriculture program. Several of the lenders are pushing back, questioning officials' characterizations of their lending results and announcing appeal plans.
June 5 -
Applications from Enova International and Opportunity Financial for national bank charters present a danger to consumers. The Federal Reserve and Office of the Comptroller of the Currency should block them.
June 5
The Center for Responsible Lending -
The Federal Reserve's former top regulator said recent efforts to reform regulation and supervision have boosted executive compensation and share buybacks, not the broader economy.
June 3 -
BCB Bancorp in Bayonne, New Jersey, is turning to veteran bank executive Tom O'Brien to accelerate its turnaround after reporting significant losses in 2025.
June 1 -
The incredible demand for credit, numbers reaching into the trillions, is luring banks back into the very risk markets that got them in trouble 20 years ago.
June 1
American Banker






