Credit quality

Caught in the middle of a credit-subsidy debate, the program would have shut down on Tuesday without congressional action.

The Dallas company inherited the loan relationship from a bank it bought in 2017.

The Boston company said the loan participation went into default due to potentially fraudulent activity.

The decision to bring in Michael Doyle follows a quarter where the South Dakota company reported a spike in net charge-offs.

The Michigan company sold collateral tied to Live Well, a mortgage company that has filed for bankruptcy protection.

MoneyLion and Varo say familiarity with existing customers — whom they already offer savings, investment and personal finance products — will help them make smart credit decisions.

The popular program could go idle next month for the second time in less than a year if lawmakers are unable to approve a $99 million credit subsidy.

Private Bancorp of America is the latest bank to report a borrower issue in connection with a high-profile fraud case tied to liquor licenses.

The loan participation has been flagged for potentially fraudulent activity.

The unnamed borrower was the victim of an alleged scam by another company.