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An intraparty rift went public Wednesday over legislation that would impose a 36% rate limit on all consumer loans. Critics are concerned it would cut off minority borrowers’ access to small-dollar loans and hurt some community banks.
February 5
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Anticipating a weaker economy and added pressure on stock prices, banks authorized more repurchases of outstanding shares last year.
February 5
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Popular’s branch in a Brooklyn neighborhood faced an uncertain future until it was designated as a bank development district. Now it’s eligible to receive millions of dollars in municipal deposits.
February 5 -
JPMorgan Chase may jump back into a mortgage program that helps low-income Americans buy homes, mulling a return years after most banks pulled back from the business in frustration over billions of dollars in penalties.
February 5
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Investors think the billions being shelled out to keep up with the likes of Amazon might be better spent elsewhere.
February 5
Oliver Wyman -
The Maine-based credit union also grew membership last year to the point where it now serves nearly 40,000 consumers.
February 5
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The timing couldn’t be worse for ag and energy lenders as well as global banks, which were all counting on the Chinese market to help bolster commercial lending and fee income.
February 4
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Reduced dine-in traffic is eating away at bottom lines, forcing eateries to rethink how they borrow money.
February 4
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Kaustav Das was part of Kabbage’s effort to transform small-business lending by using new data analytics, and the CEO of Petal wants him to help it do the same in consumer credit cards.
February 4
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The company agreed to acquire Alliance Benefit Group of Illinois, which has more than 600 clients and 40,000 plan participants.
February 4
