Category: Credit

May 10, 2022

Community banks find themselves in a high-pressure lending environment, as businesses rebound from the depths of the pandemic and grapple with inflation levels that have not been seen for 40 years. This economic landscape has created ample opportunity for growth […]

May 2, 2022

When you’re running a small business, there’s always a need for extra funding. Whether you’re looking to expand your operations or just cover some unexpected expenses, a small business loan can be a great option says Thomas J Powell. However, […]

April 26, 2022

Credit is money you borrow and use to buy anything from groceries to a new home, assuming you’d repay the lender later, usually at a fee. It’s acquiring things in life when you lack the financial means. You’re spending money […]

April 15, 2022

Three credit unions have filed a federal class action lawsuit in the Southern District of New York seeking to halt the enforcement or implementation of New York’s recently passed S.B. 5724A which would retroactively and prospectively lower the statutory annual […]

March 29, 2022

The COVID-19 pandemic offered some relief when it came to the amount consumers forked over in credit card late fees, which account for more than half of the credit card market’s consumer fees, the CFPB report said. Prior to the […]

March 28, 2022

Wells Fargo trails, by 15 percentage points, the industrywide average acceptance rate for Black borrowers looking to refinance their mortgages, according to the Bloomberg analysis. Lenders overall approved 73% of applications from Black homeowners, compared with 78% from Hispanic borrowers […]

March 25, 2022

Kentucky’s General Assembly has become the only legislature so far this year to adopt a bill that could give insurers lower rates on commercial loans from the Federal Home Loan Bank system. The Kentucky Senate this week unanimously approved House […]

March 24, 2022

Bridge loans and private money loans are often confused by investors. Furthermore, if they are not clear on the difference between the two, there is the potential for a misinterpretation of which loan is ideal for their investment property. What […]

March 14, 2022

Buying Horizon would give Arizona Federal six new locations and help it expand into the western half of the Grand Canyon State. The bank held $539.5 million in assets, $259.9 million in loans, $471.7 million in deposits and $43.4 million […]

March 2, 2022

The “Mastercard Instalments with Pine Labs” programme will roll out to all DBS Bank and POSB Bank (a subsidiary of DBS) credit card holders in Singapore from March, with Indonesia and Hong Kong set to follow sometime in Q2 2022. […]