Category: Credit

Capital and Risk, Credit

This crisis shows banks must embrace lending marketplaces to service SMEs

September 14, 2020

Via: Finextra

Even before Covid-19, banks have long struggled to service SME’s lending needs and faced pressure to boost customer service from digital banks entering business banking. Now, the unprecedented demand for the Government’s stimulus packages and Bounce Back Loan Scheme (BBLS) […]

Capital and Risk, Credit

Digital loan start-up Blend jumps to $1.7 billion valuation as mortgage demand surges

August 12, 2020


Digital lending start-up Blend raised $75 million in fresh funding amid surging demand for streamlined mortgage applications during the coronavirus pandemic. The move values the company at almost $1.7 billion, a jump of more than 70% from its previous funding […]

Activity, Capital and Risk, Corporate Banking, Credit

U.S. Bank Receives $65 Million in Tax Credit Allocations

July 21, 2020

Via: Yahoo

U.S. Bancorp Community Development Entity, LLC (USBCDE, LLC), the community development arm of U.S. Bank, received $65 million in tax credit allocations from the U.S. Department of Treasury to help address persistent gaps in economic outcomes in lower-income communities. The […]

Capital and Risk, Credit

Study finds discrimination against Black small business loan applicants

July 20, 2020

Via: Banking Technology

The study, published on 16 July, used a match-pair “mystery shopper” test, where a Black and a white applicant with nearly identical business profiles and strong credit histories would contact the same bank. In 27 of the 63 cases, white […]

Capital and Risk, Credit

How to make sure your credit is strong before and during retirement

July 10, 2020

Via: Market Watch

Having good credit is something you want to aim for at all stages of life, but what some people don’t think about is how important credit is when you reach retirement. When you retire, you want to have as much […]

Capital and Risk, Credit

Small businesses expect to fail. Here’s what will happen to their PPP loans.

June 24, 2020


Millions of small businesses have gotten federal aid to help weather the recession caused by the coronavirus pandemic. Despite that relief, many don’t expect to survive the crisis. Entrepreneurs who close their doors may be wondering if they’ll be on […]

Capital and Risk, Credit

Nearly 25% of Americans have no emergency savings

June 4, 2020

Via: Market Watch

The coronavirus pandemic compounds an already dire financial situation for millions of Americans. One-third of homeowners have less than $500 or, worse, nothing set aside for an emergency home repair, according to a report released Wednesday, and that includes 50% […]

Capital and Risk, Credit

Small business loans are not going proportionately to the hardest-hit areas, Fed study shows

May 6, 2020


States enduring the brunt of the coronavirus crisis are receiving a smaller proportion of emergency small business loans than some Mountain and Midwest states, according to analysis conducted by the Federal Reserve. “In New York, the epicenter of the coronavirus […]

Capital and Risk, Credit

Banks are facing huge credit losses as their customers suffer through the coronavirus pandemic, S&P warns

May 5, 2020

Via: Market Watch

S&P Global Ratings revised its outlook on the ratings of 13 U.S. banks to negative from stable and said the coronavirus pandemic will hit hardest those lenders that are most exposed to industries such as commercial real estate and consumer […]

Capital and Risk, Credit, Regulations

Mnuchin says U.S. will audit small-business loans above $2 million and warns of ‘criminal liability’ for false certifications

April 28, 2020

Via: Market Watch

The Trump administration will audit small-business loans above $2 million, U.S. Treasury Secretary Steven Mnuchin said Tuesday, as he warned of criminal liability for companies who improperly got government cash. “It’s the borrowers who have criminal liability” if they made […]