Lending

On Dec. 31, 2020. Dollars in thousands.

The New York bank, which holds deposits for the stablecoin firm Circle and enables payments for the smart contract provider GreenBox, wants to provide loans to crypto firms as well.

The New York bank, which holds deposits for the stablecoin firm Circle and enables payments for the smart contract provider GreenBox, wants to provide loans to crypto firms as well.

Data from the National Credit Union Administration shows the two states are bucking the trend of slowdowns in membership and lending.

The Dunedin, Fla.-based institution reported an 18.8% surge in assets last year, along with substantial growth in commercial lending, thanks in part to the Paycheck Protection Program.

The Arlington-based institution made gains across several metrics in 2020, including loan growth of 22%, driven in part by the mortgage refi boom.

Brim Financial contends there's an innovation gap for installment lending that favors larger lenders.

CUNA Mutual Group's latest Credit Union Trends Report shows consumers continue to deleverage thanks to stimulus payments and cash-out refinancing, though membership picked up slightly.

To drive the recovery we need to move beyond traditional data and models to incorporate new transaction and payment information that is more timely, more insightful, and more inclusive, FinRegLab's Melissa Koide and FICO's Larry Rosenberger write.

The decision is seen as a setback for the banking industry, which had been pushing for an extension, and a win for Democrats, who have argued that a pandemic is no time for banks to be shedding capital.