SPRINGFIELD, Ore. - (09/03/04) -- Northwest Community CU said it beganmaking small micro-business to enterpreneurs selling goods atMercado Latino, the outdoor market for food, crafts and gifts, heldin Eugene on Sunday, from June through September. The fund has$5,000 and is administered by the Neighborhood Economic DevelopmentCorp., the local non-profit that sponsors the Latino market.Merchants can borrow up to $500 interest-free to buy equipment,supplies or marketing materials. The credit union made its firstloan of $500 to a Salem-based maker of Peruvian-style chocolates tobuy a tempering machine, used to melt bulk chocolate so it can bepoured into molds.
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The company, formerly known as LendingClub, moved from NYSE to Nasdaq as it officially launched its new name as a full-fledged digital bank.
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Critics of the OCC's broad preemption stance say the OCC is resurrecting an approach Congress curtailed after the financial crisis, setting up another Supreme Court test over the balance between federal banking powers and state consumer protections.
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Keweenaw Financial plans to acquire neighboring Range Financial in a transaction that would create an institution with nearly $1.7 billion of assets.
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In 2024, a Honduras-born man who was buying a motorcycle was turned down for a loan. Two years later, Truist Financial is facing a discrimination lawsuit — and the plaintiff's lawyer says many lenders are vulnerable to the same accusations.
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The nation's largest banks saw their aggregate capital levels decline the least since the stress testing regime was reformed in 2020. Even so, the Fed will keep stress capital buffers unchanged as it weighs structural changes to its annual capital test.
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The Atlanta-based parent company of Ameris Bank plans to open a commercial banking office in Tennessee's largest city by the end of the year, as part of its organic growth strategy.
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