-
The Small Business Investment Company program may be less famous among banks than some of the SBA's other programs, but it enjoyed a record in fiscal 2015 that wrapped up this week. Stories like that of Opus Bank in California shed light on why.
October 1
-
The Consumer Financial Protection Bureau hit an indirect auto lender and a subsidiary with $48.3 million in fines and restitution on Thursday, accusing it of deceptive collection tactics.
October 1 -
Banks worldwide are in danger of losing significant profits in several lending areas to nonbank alternative lenders, according to a McKinsey study.
October 1 -
John Neal will retire later this year as president of Union Bank & Trust in Richmond, Va. Neal, 66, will step down on Dec. 31 after 24 years at the $7.5 billion-asset bank.
October 1 -
Emclaire Financial in Emlenton, Pa., has exited the Small Business Lending Fund.
October 1 -
One woman on the all-male management board is not too much to ask, especially if it can take two years (or 20?) to get there, Deutsche Bank decides; Goldman, Morgan Stanley and Citi try mending their leaky pipeline, with some success (but sadly, 100 more years of this is what we're looking at, ladies); also get updates on Mary Jo White, Sallie Krawcheck and WomenCorporateDirectors.
October 1
-
Recommended reforms released by the Department of Education for servicers and private student lenders are part of intensifying federal efforts to help struggling borrowers.
October 1 -
The First Bancshares in Hattiesburg, Miss., has named the president of the University of Southern Mississippi to its board.
October 1 -
An auto finance company and its title lending arm must overhaul their collection practices and provide consumers $44.1 million in cash relief and balance reductions to settle federal charges.
October 1 -
USAA will shift about 120 positions in its mortgage operations from an office near Dallas to offices in Tampa, Fla., and Phoenix.
October 1
