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President and CEO Joseph Ficalora took a 33% pay cut in 2017, but shareholders still rejected the plan by a wide margin.
June 7 -
Live Oak is the latest bank to jump into this niche lending area. But some warn they are beginning to see cracks in credit quality.
June 7 -
The bill is one of two SBA-related measures the Senate approved late Tuesday and sent to President Trump to sign into law.
June 6 -
The bill is one of two SBA-related measures the Senate approved late Tuesday and sent to President Trump to sign into law.
June 6 -
Cereal is looking at the aspects of the market that could be considered the most stable. By encouraging more mining activity, Cereal also promotes the viability of the cryptocurrencies being mined.
June 5 -
Terms on car loans continue to lengthen in an attempt to keep monthly payments manageable for consumers, but one expert warns that at some point they're going to impact affordability.
June 4 -
On Mar. 31, 2018. Dollars in thousands.
June 4 -
Credit unions in Tennessee and Ohio were singled out by the U.S. Small Business Association.
June 4 -
Amid rising interest rates and vehicle costs, longer loan terms and more, credit union auto lenders have two paths they can take to manage the challenges and opportunities that lie ahead.
June 1
Auto Financial Group -
The revisions – approved by a May 30 notation vote – could ease the burden for credit unions approaching the MBL cap.
June 1 -
Fulton Financial, Univest Corp. of Pennsylvania and Franklin Financial Services disclosed a total of $75 million in exposure to the commercial relationship.
May 31 -
Amid their recent policy victories and record earnings, big banks have also been forced to grapple with the possibility that commercial lending — the lifeblood for large regionals — may never fully come back.
May 31
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A group in North Carolina has finally gone public with its brand, and three other de novos have already been rebranded.
May 31 -
The numbers are better but still disappointing for such a healthy economy, lamented executives from large U.S. banks. Some are scratching their heads, some are remaining upbeat about the second half of the year, and others are focusing on Plan B.
May 30 -
It's gotten a lot harder to borrow money from the raft of fintech firms looking to bring online lending into the mainstream.
May 30 -
Seneca-Cayuga Bancorp wants a limited-use charter to maneuver around a New York law that bars mutuals from working with municipalities.
May 30 -
Just two months ago, Comptroller Joseph Otting seemed to signal that the OCC might be open to letting national banks rent their charters to payday lenders. Now he is clarifying that it won’t happen.
May 29 -
An OCC initiative to get more banks to make short-term loans that rival those of payday lenders isn't enough of an enticement.
May 29
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The London interbank offered rate will likely be replaced by a new reference rate that critics say is better suited for the derivatives market than it is for commercial lending.
May 28 -
While industry officials welcomed a bulletin from the Office of the Comptroller of the Currency encouraging banks to develop alternatives to payday loans, they are making no commitments to offer such products.
May 24




















