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How Lenders Can Better Support Small Business Growth in their Communities

FICO

Small business credit access grew in 2018 and with modifications to the Small Business Administration (SBA) rules for more streamlined processing, access is predicted to grow. Small business lending was strong in 2018 and pro small business growth policies have been conducive to that growth. Or visit our website.

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Fed Chairman Concerned Over Shrinking Bank Market

PYMNTS

months in the first half of 2018, from 5.6 The average merger review time at the Office of the Comptroller of the Currency (OCC) declined between 2016 and 2018, too, reports in The Wall Street Journal said. He pointed to the Community Reinvestment Act, which encourages banks to loan to small businesses.

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Civil rights groups voice support for Director Cordray

CFPB Monitor

Earlier this week, we blogged about reports that Director Cordray has no plans to leave the CFPB before his term expires in July 2018. ” The groups are the Leadership Conference on Civil and Human Rights, NAACP, National Council of La Raza, and National Urban League. ” .”

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Banking's Top 5 Total Return to Shareholders: 2023 Edition

Jeff For Banks

I also filtered for anomalies such as recent merger announcements as a seller, turnaround situations (losses suffered from 2018 forward), mutual-to-stock conversions, and penny stocks. Communities First Financial Corporation (Now FFB Bancorp) (OTCQX: FFBB) #2. Treasury as a Community Development Financial Institution (CDFI).

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CFPB hints at possible disparate impact rulemaking

CFPB Monitor

On October 17, the Bureau released its Fall 2018 Rulemaking Agenda , but it included a surprise for those interested in fair lending. prevent the Bureau from applying any different standard for disparate impact retroactively upon a change in leadership at the agency. We blogged about the HUD rulemaking most recently here.

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FDIC Chair’s recent interview gives insight into FDIC’s agenda

CFPB Monitor

McWilliams stated that the FDIC’s top priorities included: (1) reducing regulatory burden on community banks; (2) increasing the speed with which the FDIC reviews charter and deposit insurance applications; and (3) assisting banks to introduce new financial products that serve underserved communities. Finally, Ms.

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Finastra research points to open finance progress

Bobsguide

In 2018 we declared that the future of finance is open. The encouraging research findings coincide with the launch of season two on Finastra Universe TV – a new series of on-demand digital thought leadership videos exploring this world of open finance. Open communities: Creating more equitable access to banking.