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The agency has a relatively new program designed to quickly get funds into disaster-stricken areas. The problem is that many banks and credit unions don't know it exists.
October 5 -
It’s not just consumers who are worried about identity theft. For the millions of business owners who rely on their personal credit to finance operations, damage to credit scores could have dire consequences.
September 27 -
The identity theft threat created by the Equifax hack and the growth of online lending have given software makers a platform to pitch products that rely on selfies, scans of driver’s licenses and other nontraditional ID methods.
September 27 -
A "transformational" capital raise led by CEO Mary Ann Scully set the stage for Howard Bank's largest-ever acquisition.
September 25 -
A pay hike for front-line employees is one example of how Karen Larrimer has shaken up the status quo in PNC’s retail banking division.
September 25 -
Bita Ardalan has been promoted four times over the past five years, most recently in 2015 when she was named head of commercial banking.
September 25 -
Janet Garufis has spent of the past year working to ease the regulatory burden on community banks.
September 25 -
Under Michelle Di Gangi, small and midsize business lending has become a significant driver of profits at Bank of the West.
September 25 -
Live Oak Bancshares is used to finding ways to make small-business loans, but its new M&A operation was formed after two bankers pitched the plan to Live Oak's management.
September 22 -
Why Square says banks have nothing to fear in its bid for an ILC charter and IEX's Sara Furber explains why you should not fear the big jobs. Plus, workplaces women like and Lena Waithe on using your superpowers.
September 21
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The agency and the National Association of Federally-Insured Credit Unions plan to boost efforts to get more credit unions involved with SBA lending.
September 20 -
The democratic nominee has supported regulatory relief and small business lending for CUs
September 19 -
Trade group will work with U.S. Small Business Administration to expand accessibility of SBA products to credit unions.
September 14 -
The agency has earmarked all funds from a Hurricane Harvey recovery package for direct relief, despite calls to get more bankers involved in the process. It remains to be seen how the agency will handle the cleanup for Hurricane Irma.
September 11 -
It’s highly debatable whether the artificial intelligence engines that online lenders typically use, and that banks are just starting to deploy, are capable of making credit decisions without inadvertent prejudices.
September 7 -
Given the scale of damage to the region’s homes and cars, bankers are guarding against an expected spike in missed payments by extending loan terms, deferring payments and making other concessions.
September 7 -
Karen Mills, former head of the Small Business Administration, says the glut of online lenders could help entrepreneurs obtain funds quickly.
September 5 -
The agency has a relatively new program designed to quickly get funds into disaster-stricken areas. The problem is that many bankers don't know it exists.
August 30 -
The designation allows the $1 billion credit union to process SBA loans within 36 hours and to approve them without sending them to the agency first.
August 29 -
Federal Reserve Chair Janet Yellen defended post-crisis reforms but allowed that further adjustments may be necessary to reduce adverse effects on small businesses and subprime borrowers.
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