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The trend may be partly attributable to a strong economy. Growth in high-cost installment lending could also be a factor.
June 22 -
Fair Financial, a digital banking platform developed by a Twin Cities nonprofit in partnership with a local bank, launched a pilot program this week. By 2020, it plans to serve 5,000 customers across the country.
June 22 -
Denver-based P2Binvestor plans to use the new funds to expand its bank partnership program.
June 21 -
A team of economists surveyed by the American Bankers Association also believe that unemployment could reach new lows.
June 21 -
The explosion in construction of self-storage facilities is being backed by banks hungry for commercial loans. Some market participants fear a glut is in the making and the credits could sour.
June 20 -
Bankers would be better off cleaning their own houses and focusing on deregulation efforts, instead of going after credit unions, suggests NAFCU's Carrie Hunt.
June 20 -
The online lender wants to provide instant payments and securitizations alongside instant loans, according to CEO Anthony Noto.
June 20 -
The Dallas company expects to report a higher loan-loss provision after the loans, which include two shared national credits, deteriorated in the second quarter.
June 19 -
Approval rates for small-business loan applications were up at small and larger financial institutions as the labor market continued to improve.
June 15 -
The Canadian company's ambitions include opening a commercial banking office in Dallas and beefing up lending to the technology, construction engineering and the health care sectors.
June 15