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Banks could be a better option than payday lenders to meet consumers’ short-term credit needs. But all the OCC’s regulation does is enable partnerships that circumvent state usury laws.
April 28The Pew Charitable Trusts -
The Senate Banking Committee chairman told an audience of community bankers that he supports legislation to close "chartering loopholes" for industrial loan companies and financial technology firms. He also pitched a plan to give all consumers a free digital wallet backed by the Federal Reserve.
April 27 -
At first the deal seemed an unlikely marriage of two mortgage-heavy companies. But acquiring the Michigan company would help New York Community accomplish its two chief goals — reducing deposit costs and its concentration of multifamily loans — while giving it the scale to pursue more deals.
April 26 -
The merger would create a company with nearly 400 branches, 87 loan production offices and $87 billion of assets.
April 26 -
Clarity on credit quality has bankers ready to strike deals after a lengthy pause. A steady rise in stock prices has also given potential buyers the financial wherewithal to pursue acquisitions.
April 21 -
With Congress pouring billions into a new grant program and state-based lending initiatives, community development financial institutions say they can move past survival mode to test new products and partner with larger financial institutions.
April 20 -
The Ohio company has opened just 32 of 120 new branches it plans in the region by 2022, but those offices are making a sizable contribution to growth.
April 20 -
Climate First Bank has raised $29 million in initial capital, surpassing the $17 million target set by the Federal Deposit Insurance Corp.
April 20 -
Year to date through Dec. 31, 2020. Dollars in thousands.
April 19 -
Full-time equivalent, as of Dec. 31, 2020. Dollars in thousands.
April 19