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In Southern California and South Carolina, businesses are looking for loans. But in the Midwest, owners are hesitant to borrow.
A new report from the Federal Deposit Insurance Corp. finds bankers are increasing the money they set aside for bad loans.
The arrangement would allow minority-owned lenders to take PPP loans off of their balance sheets.
Banks submitting 5,000 or more applications can upload one document. Banks submitting fewer have to enter information manually.
Fair housing advocates are concerned about a pending vote in the Senate that would relax banking rules on reporting loan data. Click the audio player above to hear the full story.
A Senate bill that would roll back some banking restrictions passed in the wake of the 2008 financial crisis is moving forward with bipartisan support. Seventeen Democrats voted along with Republicans on Tuesday to allow the banking bill to proceed to a vote. Proponents say it will provide relief to small and mid-sized banks. But […]
A bipartisan group of senators has agreed to take a big step in loosening up some of the bank regulations that were put in place after the 2008 financial crisis under the Dodd-Frank law. They’re backing a deal that would exempt small and regional banks from regulations and testing meant to ensure that financial institutions […]
A House committee holds a hearing to consider the impact of post-recession reforms on small banks and credit unions.