Capital and Risk, Credit, Regulations
October 19, 2023
Via: Banking DiveThe Senate voted Wednesday, by a 53-44 tally, to repeal the Consumer Financial Protection Bureau’s small-business data collection rule. The rule, issued in March, has drawn criticism over the specific pieces of information it seeks to collect from small-business owners […]
October 6, 2023
Via: FinTech FuturesThe plan, which is expected to run over the course of three years, is comprised of a series of investment goals and targets, which if achieved, are intended to “make a meaningful and positive impact in communities” served by the […]
Activity, Capital and Risk, Corporate Banking, Credit
September 20, 2023
Via: Bank DirectorCommunity banks have long played a pivotal role in supporting small businesses, providing the necessary capital for local entrepreneurs growing or expanding their ventures. It is estimated that community banks account for approximately 60% of small business loans, according to […]
December 16, 2022
Via: Bank DirectorIn the first stages of the pandemic, it became apparent that many banks were unable to effectively meet the needs of their small business customers in terms of convenience, response time, fast access to capital and overall customer experience. Innovative […]
Activity, Capital and Risk, Corporate Banking, Credit
June 1, 2021
Via: Banking DiveTD Bank’s recent pledge to boost lending to minority-owned businesses comes as a recent report from the Federal Reserve Bank of New York found that many Black-owned businesses, many of which lacked existing relationships with traditional banks, leaned harder on […]
Activity, Capital and Risk, Corporate Banking, Credit
February 5, 2021
Via: Banking DiveThe Fed’s annual survey, canvassing 15,000 businesses, gives another perspective on the effectiveness of pandemic-prompted relief programs. About 91% of respondents applied for emergency funding during the pandemic, the survey found. For 82%, that was the Paycheck Protection Program (PPP). […]
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