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A fifth of the financial institutions that participated in the Small Business Lending Fund have fully left the program and an increasing number of banks are joining them before the dividend rate jumps to 9% next year.
July 22
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HomeTrust Bancshares in Asheville, N.C., will close six branches in North Carolina and Tennessee.
July 22 -
Citigroup Inc. is preparing to bundle more than $300 million of loans originated through Prosper Marketplace Inc. into securities as Wall Street helps fuel the online-lending industry, people familiar with the deal said.
July 22 -
Nobody enjoys the experience of making a payment so a growing number of companies are likely to follow Uber's lead and make transactions so easy they're practically invisible. That means banks will have to ramp up their efforts to become customers' default cards.
July 22
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ACA International recognized 18 members' outstanding accomplishments in the credit and collection industry at an awards ceremony this week at the 2015 Convention & Expo in Boston.
July 22 -
Business First Bank will use state tax credits to renovate a historic building in downtown Baton Rouge, La., and move its headquarters to the facility.
July 22 -
The FTC asserted Tuesday that LifeLock violated a 2010 settlement with the agency and 35 state attorneys general by continuing to make deceptive claims about its identity theft protection services and by failing to take steps required to protect its users data.
July 22 -
WASHINGTON There were no birthday cakes or celebratory singing. Instead, the anniversary of the Dodd-Frank Act on Tuesday was commemorated with what the law does best: engender constant debate.
July 22 -
Regional banks are reporting strong commercial loan growth as they have for so many quarters. Yet this time it looks like more of the growth is coming from existing clients, and there are also some early warnings about credit challenges.
July 21
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Rep. Nydia Velazquez, D-N.Y., ranking member of the House Small Business Committee, introduced a bill Tuesday that would allow the Small Business Administration to provide backing for more loans.
July 21
