Commercial lending

The Financial Services Committee will also hold hearings next month on monetary policy, the CFPB and "astroturfing" worries, among other things.

To guard against headwinds in the agricultural sector, the Federal Deposit Insurance Corp. recommended that institutions consider the “overall financial status” of farm loan borrowers.

Some fraudsters pose as loan applicants and submit doctored video or photos of property and assets to scam lenders they won't see in person. Firms like Elevate Funding and Credibly are fighting back.

The company best known for student lending expanded into personal lending less than two years ago. Now it says it is refocusing on core strategic priorities.

As more consumers order in using such services as Uber Eats and Grubhub, restaurants are selling fewer desserts, drinks and other high-margin items, said CEO Rajinder Singh.

Community development financial institutions could stand to gain from efforts to modernize the Community Reinvestment Act, but they fear the proposal offered by regulators may end up draining their capital.

Commercial lending was sluggish in 2019, but leaders at Huntington, KeyCorp and M&T are encouraged that rates are stabilizing and business sentiment is improving.

The company will pay $211 million for a bank with 22 branches and $1.2 billion in assets.

Terry Turner at Pinnacle Financial says big banks in the city, including Truist Financial and Wells Fargo, are "vulnerable" to new competitors.

Eric Smith and Michael Morton have been brought on as vice chairs to help build out the Chicago bank's commercial lending arm.