business loans

CFPB’s Small Business Lending Data Collection Rule Leaps Legal Hurdle

CFPB’s Small Business Lending Data Collection Rule Leaps Legal Hurdle
CFPB’s Small Business Lending Data Collection Rule Leaps Legal Hurdle
August 26, 2024  |  Legal & Regulation

The Consumer Financial Protection Bureau (CFPB) rule requiring lenders to gather demographic information about small business borrowers has leapt another legal hurdle.  A federal judge rejected...

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Embracing a Specialist Approach Helps Lenders Overcome Small Business Difficulties
Embracing a Specialist Approach Helps Lenders Overcome Small Business Difficulties
August 01, 2024  |  SMBs

Small businesses represent 99.9% of American firms, yet effectively financing them remains an ongoing challenge. Small businesses are inherently risky — and many end up...

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Regions Financial: Business Lending ‘Pipelines Are Beginning to Rebuild’
Regions Financial: Business Lending ‘Pipelines Are Beginning to Rebuild’
July 19, 2024  |  Earnings

Regions Financial saw average loans remain stable during the second quarter, with some signs that demand for business loans may pick up. Average balances for...

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British Business Bank Boost Government-Backed Loans to Small Businesses
British Business Bank Boost Government-Backed Loans to Small Businesses
July 08, 2024  |  SMBs

The British Business Bank, the U.K. government’s economic development bank, has launched a new program designed to support access to finance for smaller U.K. businesses. The Growth...

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Report: Bank of Montreal Leads $2.55 Billion Loan in Nuvei Deal
Report: Bank of Montreal Leads $2.55 Billion Loan in Nuvei Deal
July 08, 2024  |  Loans

Bank of Montreal is reportedly leading a group of underwriters launching a $2.55 billion loan to back the previously announced acquisition of Canadian payments processor Nuvei....

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Following Court Orders, CFPB Extends Small Business Lending Rule Deadlines
Following Court Orders, CFPB Extends Small Business Lending Rule Deadlines
June 25, 2024  |  Legal & Regulation

The Consumer Financial Protection Bureau (CFPB) has extended the compliance dates for its small business lending rule pursuant to court orders. A federal court in Texas stayed...

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Main Street Merchants See Light at End of 2024 Tunnel
Main Street Merchants See Light at End of 2024 Tunnel
June 19, 2024  |  SMBs

We’re roughly at the midpoint of 2024, and the midpoint is a good time to take stock of where we’ve been and what lies ahead....

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PNC and TCW Partner on Loans to Middle Market Companies
PNC and TCW Partner on Loans to Middle Market Companies
May 06, 2024  |  Partnerships

The PNC Financial Services Group and the TCW Group have formalized and expanded their partnership to develop a private credit platform focused on middle market lending....

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