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loans

BofA Community Development Banking Has Record 2017
BofA Community Development Banking Has Record 2017
February 16, 2018  |  Banking

Bank of America Merrill Lynch’s Community Development Banking (CDB) announced news on Thursday (Feb. 15) that 2017 was a record year for the firm. The...

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Premiums Paid On Packaged Loans Touch Financial Crisis Lows
Premiums Paid On Packaged Loans Touch Financial Crisis Lows
February 14, 2018  |  Loans

Despite a return of volatility to the stock market, the premium that investors want on loans that are packaged and offered as bonds has hit...

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Big Banks Continue SMB Lending Uptick, Biz2Credit Finds
Big Banks Continue SMB Lending Uptick, Biz2Credit Finds
February 08, 2018  |  B2B Payments

Small business hiring may have petered out in January, but lending to SMBs certainly didn’t. The latest Biz2Credit Small Business Lending Index found SMB lending...

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Equifax Gives Lenders Access To SMB Data
Equifax Gives Lenders Access To SMB Data
February 06, 2018  |  B2B Payments

Soon after news emerged that the Consumer Financial Protection Bureau (CFPB) would be pulling back its investigation into Equifax Inc. and the data breach that...

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Business Lending Standards Loosen In Q4 2017
Business Lending Standards Loosen In Q4 2017
February 06, 2018  |  Loans

The Federal Reserve revealed in its quarterly survey on Monday (Feb. 5) that loan officers in banks around the U.S. eased lending standards for businesses...

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LendingClub: Getting Borrowers Off The Credit Hamster Wheel
LendingClub: Getting Borrowers Off The Credit Hamster Wheel
February 05, 2018  |  Banking

Another day, another customer trudging into the bank to discuss credit card debt and a lack of savings … over a venti Starbucks latté. It...

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LendingPoint Brings In Former Citi Director As CFO
LendingPoint Brings In Former Citi Director As CFO
February 02, 2018  |  Personnel

LendingPoint, online lender and provider of the LoanHero point of sale financing platform, announced the appointment of a Citibank executive as its new chief financial...

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Government Piloting Debit Card To Rein In Student Loan Refund Spend
Government Piloting Debit Card To Rein In Student Loan Refund Spend
February 01, 2018  |  Payments Innovation

The Department of Education is gearing up to roll out a pilot program in which college students’ federal financial aid surpluses will be distributed via...

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Discover Sees Q4 Growth In Loans, Card Volume And Charge-Offs
Discover Sees Q4 Growth In Loans, Card Volume And Charge-Offs
January 25, 2018  |  Earnings

Discover Financial Services, like so many peers in the financial sphere, took a charge in the fourth quarter tied to tax legislation passed during the...

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