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Patriot National Hits Regulatory Snag In SBA Platform Plans

PYMNTS

Community bank Patriot National has hit a regulatory roadblock in its plans to launch a Small Business Administrative platform, but reports in American Banker on Thursday (March 13) said the financial institution remains undeterred by the challenge. Hana is one of the largest SBA lenders, facilitating $96.6

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DOJ announces settlement of redlining lawsuit

CFPB Monitor

The key allegations in the DOJ’s complaint are the following: During the relevant time period (2015-2021), the Newark, New Jersey-Pennsylvania Metro Division (Newark MD) as delineated in 2015 included Essex, Somerset, Union, Sussex, and Morris counties in New Jersey (Newark Lending Area). unlikely to be caused by chance) and sizeable.

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Claim: Racial Disparities Rampant in Three Midwest Metro Areas

American Banker

Mortgage originators aren't lending enough to people of color or the poor in the St. Louis, Milwaukee and Minneapolis metropolitan areas, the National Community Reinvestment Coalition said.

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CFPB June 2016 complaint report highlights consumer loan complaints, complaints from Arkansas consumers

CFPB Monitor

The CFPB has issued its June 2016 complaint report which highlights complaints about consumer loans and complaints from consumers in Arkansas and the Little Rock metro area. In addition, in March 2016, the CFPB began taking complaints about marketplace lending and added loans obtained from marketplace lenders to the consumer loan category.

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Scottsdale Community Bank: Making microloans

Independent Banker

George Weisz, Scottsdale Community Bank But for all its embrace of technology, the community bank took its inspiration for an innovative lending program from an old-school tradition: kids’ lemonade stands. We are a dynamic bank for a dynamic community, and we conduct business in one of the fastest-growing areas of the nation,” Weisz says. “We

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Your Ultimate Guide To COVID-19 Personal Loans

BankBazaar

Some of the banks offering this product are Bank of India, Bank of Maharashtra, Union Bank of India, Punjab National Bank and Bank of Baroda. Rate of Interest: Repo Benchmark Lending Rate (RBLR) floating with monthly rests. Punjab National Bank COVID-19 Loan. 15,000 (metros) and Rs. Which Banks? Processing Fee: Nil.

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Community banks are thriving in Texas

Independent Banker

The 2020 Census quantified the growth many residents were already sensing: Austin grew by 33% between 2010 and 2020, earning it the rank of fastest-growing large metro. The Houston metro took the 10th spot with a 20.3% increase, while the San Antonio metro, up 19.4%, ranked 12th.

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