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The firm’s financial woes are mostly a result of overspending, but they have raised questions about how banks’ commercial real estate portfolios might fare if the coworking sector implodes.
October 7
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The company has agreed to buy a portfolio of commercial loans from Santander Bank.
October 7
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Sunil Chandra's job will be to guide the fintech's international expansion. It says 12 banks are using its small-business lending platform, including three in the United States.
October 7
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The National Credit Union Administration should help soften the effects of the new standard on regulatory capital through rulemaking.
October 7
National Credit Union Administration -
Readers react to a regulator's promise to reduce regulation that hinders innovation, Sen. Elizabeth Warren's plan to impose heavier taxes on lobbying groups, Freddie Mac's exploration into AI and more.
October 3
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States are just beginning to regulate cryptocurrency as a credit collateral for lenders. More can be done.
October 3
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Freddie Mac's test of artificial intelligence to make lending decisions could be a significant turning point in broadening the use of the technology.
October 2
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The agency’s Small Business Investment Company program is slumping, and Congress is pressuring its top executive, Joseph Shepard, to get it back on track or step aside.
October 2
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States are just beginning to regulate cryptocurrency as a credit collateral for lenders. More can be done.
September 30
Milbank LLP -
Goldman’s consumer unit, Marcus, has so far lost $1.3 billion; big lenders like JPMorgan Chase and Amex are making loans for small-ticket items like clothes and cosmetics.
September 30
