Small business lending

The $380-billion asset company will soon join the parade of big banks and tech companies that are migrating online to meet the demands of business owners.

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The program will focus on increasing lending to small and medium enterprises in Guatemala, Burkina Faso and Kenya.

The San Antonio bank will refer customers seeking small-business loans to StreetShares, a financial startup that is similarly focused on serving veterans of the U.S. military.

ODX will pursue deals with banks that want to use the New York lender’s technology to offer online small-business loans.

The tech giants might be moving into small-business lending, but they’re more likely to take business away from large commercial lenders, not community institutions.

On Jun. 30, 2018. Dollars in thousands.

The agency's 7(a) program had a small year-over-year decline, with bankers pointing to lender discipline and more borrowers qualifying for conventional loans.

The economy could “positively slow down in mid-2019” and consumer debt levels are a huge concern, but technology and lessons learned from the crisis could still create opportunity for small banks, says Beneficial’s Gerry Cuddy ahead of a big speech on current conditions.

The agency found that banks with less than $10 billion in assets were more prone than larger lenders to go beyond using standard criteria in evaluating borrowers.

Among the three measures is a requirement for boards of publicly traded firms to include more women.

Readers parse JPMorgan Chase CEO Jamie Dimon's latest public comments, debate a California small-business lending bill, weigh the impact of open banking and more.

Few small businesses in Puerto Rico applied for credit to finance recovery from hurricane damage. The reasons are instructive for financial institutions’ response to disaster recovery, the New York Fed says.

Some lenders fear a moratorium on new participants, and other restraints, could be the beginning of the end for the agency's Community Advantage program.

The bank seeks to answer the threat posed by disruptors with quick online loans and a card that rewards small businesses for more kinds of spending.

The legislation would help small-business owners better evaluate financing options by requiring updated disclosures.

JPMorgan's chief cautioned against expanded regulation for big companies, arguing that businesses contribute to the economy.

BMO Harris Bank has made significant strides in recent years attracting retail and small-business customers, and now it's up to Ernie Johannson to keep the momentum going.

The agency wants more information as it conducts fair-lending exams, but conflicting statutes make writing a data collection rule difficult.

Community bankers reject the conclusions of a Government Accountability Office report that say regulatory burdens only had a “modest effect” on the declining number of banks since 2010.