Tag: credit

November 22, 2022

The last time the 12-month consumer application rate for credit cards was higher than in June of this year was in June 2019 when it reached 28.4%, according to the Fed’s data. In a slightly different measure of the credit […]

November 3, 2022

Regional banks are preparing for a looming economic downturn, but they don’t seem too concerned that their balance sheets will take a major hit. At an industry conference Thursday, executives at PNC Financial Services Group, Regions Financial and M&T Bank […]

October 20, 2022

Attorneys-general from 19 states are investigating six major American banks that have signed on to the United Nations’ Net-Zero Banking Alliance, pledging to achieve net-zero emissions in their lending and investment portfolios by 2050. The banks under investigation include Bank […]

September 9, 2022

The National Credit Union Administration continues to distribute recovered funds to credit unions across the country, but some in North Dakota believe they are being disregarded and deprived of more than $10 million. The NCUA Aug. 29 said it will […]

August 31, 2022

Bank of America and BMO Harris are leaning into real estate aid with programs designed to close the racial property ownership gap. Bank of America launched two programs Tuesday — one to aid small-business owners and another aimed at future […]

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 […]

February 3, 2022

The CFPB recently released a new analysis of how changes in responses to consumer complaints provided by nationwide consumer reporting companies has resulted in less consumer relief. This analysis shows that in 2021 the big three credit reporting companies together […]

January 20, 2022

Declaring bankruptcy is a never-to-be-forgotten lesson. The hustle involved when filling the bankruptcy petition and the long period it takes to clear the negative information from your credit history could make you think twice. The hard choice could result from […]

November 22, 2021

The CFPB recently released a report on Consumer Credit Disputes finding that consumers in majority Black and Hispanic neighborhoods had a disproportionally higher amount of disputes on their credit reports. The report indicates that this trend was across several credit […]

October 22, 2021

If you’re worried that you may not qualify for a loan, whether it’s due to either bad credit or a lack of credit history – don’t worry, you are not alone. If you have run up a few debts with […]

October 21, 2021

I started my banking career in the credit management training program of a regional bank, where I later became the head of corporate banking. Subsequently, I became a chief credit officer and, ultimately, the CEO and board chairman of a […]

July 27, 2021

First Bancorp (NASDAQ – FBNC), the parent company of First Bank, announced today net income of $29.3 million, or $1.03 per diluted common share, for the three months ended June 30, 2021, an increase of 83.9% on a per share […]

June 11, 2021

The chief economists of North America’s largest banks expect a sustained rebound in both consumer and business credit market conditions over the next six months, according to the American Bankers Association’s latest Credit Conditions Index released today. The latest summary […]

April 15, 2021

Not only did the coronavirus pandemic and economic contaction in 2020 change the way the banking industy identifies problem loans, it changed the way it approaches them. As 2020 unfolded, CLA continued to encourage institutions to evaluate policies and procedures, […]

March 25, 2021

The pandemic has left millions of people needing credit at a time when lending standards are tightening. The result is a lose-lose situation: consumers receive a negative credit decline experience and financial institutions miss out on a lending opportunity. How […]

February 8, 2021

If you can’t afford to pay all your bills right now, the last thing you need is overpriced car insurance. But that’s exactly what can happen if your credit dips low enough (and you live in a state where insurers […]

January 15, 2021

JPMorgan Chase on Friday beat analysts’ estimates for fourth-quarter profit on record trading results and a boost from releasing money previously set aside for loan losses. The bank posted earnings of $3.79 a share, exceeding the $2.62 per share estimate […]

October 8, 2020

Today, Ripple launched Line of Credit, a new beta service on RippleNet that allows customers using On-Demand Liquidity (ODL) to source capital on demand to initiate cross-border payments at scale using the digital asset XRP. Limited access to working capital […]

July 10, 2020

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 […]