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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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About 300 SMBs Received Less Than $99 In PPP

PYMNTS

Burton, the founder of a record label in Arkansas, got $78. Despite all of this, the economic outlook is more positive this year, said Chief Economist Jack Kleinhenz of the National Retail Federation (NRF). “Judith Less, who runs a thrift shop in New Jersey, got $27,” NYT reported.

Arkansas 163
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Today In B2B: Small PPP Loans Cause Controversy; Bank Profits Sink

PYMNTS

Burton, the founder of a record label in Arkansas, got $78. Porter Capital , which works with accounts receivable (AR) financing and asset-based lending solutions, will provide more funding for businesses in need of extra money from their current Paycheck Protection Program (PPP) funds, according to a press release.

Arkansas 152
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Southern Bancorp is building wealth for everyone

Independent Banker

Darrin Williams, an attorney and former Arkansas state representative, wasn’t interested when Southern Bancorp, Inc. Relyance is working to increase its mortgage lending but sometimes isn’t able to make loans for some customers. By Judith Sears. Name: Southern Bancorp. Assets: $2 billion. Location: Arkadelphia, Ark. Closing the gap.

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Mobilizing Student Loan Disbursements

PYMNTS

Roughly 19 million college and university students are loading up their cars and heading back to campus for another school year, according to data from the National Center for Education Statistics. Others are looking to additional solutions to solve student lending problems. colleges and universities, for example.

Mobile 100
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Construction loan and delinquency trends in 2023

Abrigo

Construction loans grow, delinquencies flatten in 2023 Construction lending projections look positive according to S&P data from 2022 and 2023. Construction lending has seen several stumbling blocks over the past few years. That put construction lending at its highest percentage of gross loans since the second quarter of 2011.

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DOJ announces major new initiative targeting redlining; DOJ/CFPB/OCC settle redlining lawsuit against Mississippi-based national bank

CFPB Monitor

The Biden Administration’s prioritization of fair lending as a law enforcement focus took center stage last week with the announcement that the U.S. Attorneys’ Offices “as force multipliers to ensure that fair lending enforcement is informed by local expertise on housing markets and the credit needs of local communities of color.”.