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3 Percent down payments and risk to lenders

Abrigo

Many would point to imprudent lending standards as a leading cause of the financial crisis of 2008, and in turn, financial institution regulators have since bolstered lending standards and capital thresholds as a preventive measure against a similar crisis. Blog Bank Credit Union'

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Fifth Third Links Rejected Business Borrowers To Alt-Lender

PYMNTS

Fundation will provide its products to customers that don’t meet the loan eligibility guidelines of Fifth Third, which will aid the bank meet more of the credit needs of its small business clients, according to reports. Companies that lack access to capital are not able to grow their operations or have had to cut their headcounts.

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Biz2Credit Bets On India’s Emerging Alt-Fin Market

PYMNTS

Biz2Credit is expanding its small business lending operations into a market without much experience with alternative finance. While India may not have the most robust alternative lending industry in the world, it’s the size of its SME population that’s attracting Biz2Credit, the company said.

Marketing 100
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What's With Regulator Agita Over Bank Commercial Real Estate Lending?

Jeff For Banks

Both institutions were over the CRE concentration guidelines, so putting them together would exasperate this risk, so the regulatory thinking must have been. Today, I read an American Banker article on how a multi-billion dollar bank is going to ramp up its business lending. They couldn't get regulatory approval.

Lending 60
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FDIC Chair’s recent interview gives insight into FDIC’s agenda

CFPB Monitor

McWilliams expressed a willingness to reexamine bank capital requirements. McWilliams stated that the FDIC is reviewing whether to rescind its guidelines for deposit advance loans and that she is considering allowing applicants seeking deposit insurance to make a preliminary, confidential filing to get feedback before a formal application.

FDIC 68
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New Data: What COVID-19 Is Doing To Main Street SMBs

PYMNTS

PYMNTS conducted this study before the historic $2 trillion stimulus bill was passed, and before there was clarity about the role the government would play in giving SMBs access to the capital they needed to stay afloat. The question then shifts to how much cash SMBs have on hand to ride things out, and the source(s) of that capital.

Maine 232
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Change Keeping Global Banks On Their Toes

PYMNTS

Ford said the decline in bank overdraft lending to small businesses means these companies cannot invest in themselves. Office of the Comptroller of the Currency, meanwhile, is exploring revised sanctions guidelines against banks in the wake of the Wells Fargo case.

America 100