Northeast Bank in Portland is putting capital earned from the Paycheck Protection Program to use, purchasing $1.1 billion of loans and launching a small-dollar Small Business Administration lending program.

The industry is taking lessons from instant point-of-sale lenders to help homeowners embarking on major projects.

Telhio Credit Union in Ohio hopes to help contractors verify their earnings when applying for loans and other financial services.

The 30-year fixed rate surged 15 basis points from a week earlier but ends 2022 at more than twice its mark from a year ago.

The fintech is working with third-party marketplaces and similar partners to deliver its newest services, rather than try and sell directly to end users.

Federal agencies' complaints against FTX's leaders have led to scrutiny of the banks it worked with. While it's unlikely the bankers will be held accountable for the cryptocurrency exchange's wrongdoing, the case could make it more difficult any bank that wants to work with crypto-related businesses.