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Community banks most likely to approve small business loans

Abrigo

According to a recent survey from four Federal Reserve Banks, small regional and community banks have the highest approval rate for small business loans. The 2014 Small Business Credit Survey was a joint operation conducted by the Federal Reserve Banks of New York, Atlanta, Cleveland and Philadelphia.

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Google Pay Adds 29 US Banks To Mobile Payment Service

PYMNTS

Community Bank of the Bay. Community First Credit Union (OH). First National Bank of Milaca. Greater Cleveland Community Credit Union. Hometown Community Banks. Lamar National Bank. Building Trades Credit Union. Evans Bank. Federated Bank. First Bank of Boaz. First Central Credit Union. McClain Bank.

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Payroll Fraud Could Cost KeyCorp $90M

PYMNTS

In a K-8 filing, KeyCorp, which is based in Cleveland, said the fraud involved a “business customer” and that it was discovered “on or about” July 9. The bank also recently announced an initiative to help local communities. Shares fell on the news. The event occurred in the beginning of Q3. KeyBank’s five-year, $16.5

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Google Pay Now Supports Cards From 13 More US States

PYMNTS

In the Midwest, the new banks reportedly include the Educational Community Alliance Credit Union in Ohio, the MidAmerica National Bank in Illinois, the Republic Bank of Chicago in Illinois and the State Bank of Waterloo in Illinois. The report also noted that it seems U.S. In December, Google Pay added about 30 new U.S.

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Fed Slashes Interest Rates To Near Zero

PYMNTS

The coronavirus outbreak has harmed communities and disrupted economic activity in many countries, including the United States,” the Fed said in a statement. The only lone dissenter in lowering the rate was Cleveland Fed President Loretta Mester. The new rate will now be targeted at 0.0 percent to 0.25 percent to 0.75

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Coronavirus Prompts Federal Reserve To Slash Rate To Zero

PYMNTS

The coronavirus outbreak has harmed communities and disrupted economic activity in many countries, including the United States,” the Fed said in a statement. The only lone dissenter in lowering the rate was Cleveland Fed President Loretta Mester. The new rate will now be targeted at 0.0 percent to 0.25 percent to 0.75

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Car Vending Machine Company Carvana Goes Up Against Wall Street

PYMNTS

The analyst community balked at longer-term questions about the company’s liquidity even though 2019 was the company’s sixth straight year of triple-digit revenue growth with over 177,000 cars delivered and just shy of $4 billion in revenue. “We billion, on an 82 percent increase in retail sales. Ontario (L.A.), Oklahoma City, and Memphis.

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