Small business lending

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.

The legislation, which creates new disclosure standards for financing costs, could hamstring commercial lenders that offer revolving credit facilities.

Using software from Eastern Bank spinoff Numerated, Bremer Bank says it will be able to approve automated loans to farmers within a minute.

The nation's largest bank said Wednesday it is seeking proposals on ways to address economic inequality in local neighborhoods across the country.

If Gov. Jerry Brown signs the legislation headed to his desk, it would be the first law of its kind in the U.S. It is designed to allow small-business owners to make comparisons between offers in the often bewildering world of online business lending.

In a report, the watchdog said the economic environment and competition instead have driven trends in small-business lending.

Organizers of Dogwood State Bank are looking to raise $75 million in hopes of opening by mid-2019.

The USAmeriBank deal was supposed to give Valley National Bancorp a bigger presence in Florida, but it did more than that — it provided a model for banking businesswomen that Valley can copy in its New York and New Jersey markets.

The move is important for new banks in states like California, where a small-business lending program requires a three-star rating from the agency.

The online small-business lender was aided by loan growth, wider margins and stable credit trends. Its shares surged by 25% after second-quarter earnings were announced.

The announcement follows a news report that said it routinely and without notification charged higher rates than it initially quoted.

The company defended its prices for currency conversions after a report said employees boosted rates for some business customers without notifying them.

In addition to leading the company’s national business banking efforts, Peter Sefzik will also oversee small-business banking. Brian Foley, the chief credit officer for the Texas market, will succeed him as market president.

The Boston bank said the digital lending platform has cut down the time it takes to deliver loan decisions by roughly 40%.