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Efforts to repeal a Dodd-Frank mandate for lenders to report data on small-business applicants — including race and ethnicity — overlook the benefits of the provision to both communities of color and banks.
July 28The Greenlining Institute -
CircleUp is offering lines of credit to early-stage consumer brands, which can often only get financing at high interest rates.
July 26 -
Small-business customers of Bank of America can now apply for credit through the bank’s digital channels.
July 19 -
First Home Bank raised nearly 20% more than it sought from investors, providing proof that Florida — especially the Tampa Bay area — is a hotbed of activity.
July 19 -
The Pittsburgh bank is developing new products, simplifying old ones and modernizing its workplace based on detailed feedback from consumers, small businesses and employees in an attempt to create a bank they all like better.
July 17 -
The subprime business lender halted new business and laid off scores of employees after recording higher-than-expected losses.
July 6 -
Green Bancorp has pivoted from the troubled energy-lending market to SBA loans, which are appealing to more small banks because they can be sold at a premium and are getting more support from Washington.
July 6 -
The addition of Sean Glithero as CFO is one of several new hires by the online small-business lender.
July 3 -
The online small-business lender has also announced the hiring of a new U.S. head of capital markets.
June 29 -
A headquarters move to Boston, a core system with plenty of headroom and a CEO who admires big acquirers like M&T and the old Banknorth: All the signs are there of an ambitious bank with a plan.
June 23