Tag Archives: lending

Payment holiday takers trapped by lending rules amid fears of second wave

Payment holiday takers trapped by lending rules amid fears of second wave

Payment holiday takers trapped by lending rules amid fears of second wave Payment holiday takers trapped by lending rules amid fears of second wave Britons paid off almost £16bn in personal debt as the Covid crisis raged, dramatically shoring up their financial affairs in the process. But while it has been great news for the health of the nation’s wallets …

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Trump Appointees Manipulated Agency’s Payday Lending Research, Ex-Staffer Claims

Trump Appointees Manipulated Agency’s Payday Lending Research, Ex-Staffer Claims

Trump Appointees Manipulated Agency’s Payday Lending Research, Ex-Staffer Claims Trump Appointees Manipulated Agency’s Payday Lending Research, Ex-Staffer Claims He claimed that President Trump’s appointees at the Consumer Financial Protection Bureau had manipulated the agency’s research process to justify altering a 2017 rule that would have sharply curtailed high-interest payday loans. The departing staff member, Jonathan Lanning, detailed several maneuvers by …

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Fed May Ease Lending Curb on Wells Fargo to Help Small Businesses

Fed May Ease Lending Curb on Wells Fargo to Help Small Businesses

Small-business owners have so overwhelmed banks with requests for money — just days after the start of an emergency relief program — that Federal Reserve officials are considering easing restrictions on Wells Fargo to make it easier for it to lend. Two years ago, the Fed imposed growth limits as a penalty after Wells Fargo, the nation’s fourth largest bank, …

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Federal Reserve Moves to Pump Up Small Business Lending During Coronavirus Pandemic

Federal Reserve Moves to Pump Up Small Business Lending During Coronavirus Pandemic

By Thursday afternoon, Mr. Salmon said, the S.B.A. had sent out just a handful of bullet points to banks on what to do. The banks themselves had to decide how much paperwork on the borrowers’ financial histories would be sufficient and what, specifically, they had to do to prove they had checked to verify the authenticity of each borrower. Smaller …

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Private Equity Firm Pushes for Broader Access to Fed Lending Program

Private Equity Firm Pushes for Broader Access to Fed Lending Program

“Better functioning capital markets and potentially more support in asset prices would be beneficial for them as an organization,” said Devin Ryan, a research analyst at JMP Securities who covers banks and alternative-investment firms. The potential benefits of Mr. Rowan’s recommendations were hard to gauge, Mr. Ryan said, without having much more detail on both his proposals and Apollo’s many …

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