U.S. Bank credits teamwork for its SBA lending surge
Minneapolis-based banking giant enjoying its biggest year ever for 7(a) lending, with volume up 40%, as borrowers “are still coming to us,” SBA chief says.
Federal overreach in loan servicing enforcement will hurt consumers
The Consumer Financial Protection Bureau is seeking to protect borrowers from unscrupulous loan servicers. The goal is laudable, but the agency’s methods are misguided.
A non-alarmist guide to the risks in commercial real estate
Prophecies about a wave of bank failures caused by sickly CRE loans haven’t yet come true. But there are still plenty of caution signs in a saga that will take years to play out.
Transportation Department launches probe of airline rewards
The inquiry, which is focusing on the nation’s four largest airlines, aims to protect consumers from potentially unfair, deceptive and anticompetitive practices.
Fed seeks input on discount window reforms
The central bank has been under pressure to modernize its last-resort lending operation since the failure of three large regional banks last year.
Trump pledges more regulatory rollbacks, touts potential for crypto
The Republican presidential nominee laid out his economic platform during a speech at the Economic Club for New York.
Survey: SMB lending fraud on the rise
A survey of 135 financial services companies conducted by LexisNexis Risk Solutions, a subsidiary of LexisNexis, found that a vast majority reported increased levels of fraud in 2023.
CFPB faults non-profit hospitals, landlords in report on consumer debt
The Consumer Financial Protection Bureau said some non-profit hospitals are failing to provide assistance to low-income consumers, while landlords may be illegally charging fees to pay rent through online portals.
FedNow advances toward making real-time payments mainstream
Since launching in summer 2023, the government-backed instant settlement network has attracted hundreds of financial institutions, but there is still room for growth.
Global bank earnings: TD Bank’s AML provisions, BMO’s loan challenge
Between TD Bank’s $3 billion anti-money-laundering hurdle and BMO Financial Group’s increased provisions for loan losses, here are the earnings highlights for non-U.S. banks.