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The global pandemic and stalled trade negotiations have discouraged farmers and ranchers from taking on more debt and made banks uneasy about extending more credit.August 4
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A blueprint that includes more CRA and tax credits for lower-income African Americans would help a demographic disproportionately harmed by the coronavirus pandemic.June 10
Founder, Chairman and CEOOperation HOPE Inc.
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The agreement comes a day after Axos Financial warned that H&R Block was ending their six-year-old partnership.May 15
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Critics who argue this crisis mirrors the 2008 financial panic when Congress bailed out banks have it wrong. The new relief package in response to the coronavirus pandemic was necessary to save livelihoods, and more can be done.April 9
Founder and CEOPromontory Financial Group
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The 2008 package proved some banks were too big to fail. But the rushed $2.2 billion stimulus shows now any company can be bailed out.March 31
Director of ContentPolyient Labs
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A spike in loan-loss provisions dragged down first-quarter profits at the Toronto company’s U.S. unit.February 25
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The timing couldn’t be worse for ag and energy lenders as well as global banks, which were all counting on the Chinese market to help bolster commercial lending and fee income.February 4
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Bankers may not want to hear this, but communities benefit when credit unions buy banks.January 24
President and CEONational Association of Federally-Insured Credit Unions
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Federal legislation introduced this week by Rep. Gregory Meeks, D-N.Y., would ensure that taxi drivers don't get taxed on medallion debt that gets forgiven. The bill dovetails with a debt forgiveness plan under development in New York, where hundreds of drivers have filed for bankruptcy.January 17
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Savings for the top six U.S. banks from President Donald Trump's signature tax overhaul accelerated last year, now topping $32 billion as the lenders curbed new borrowing, pared jobs and ramped up payouts to shareholders.January 16
