Abrigo
MAY 15, 2020
Their loan requests, according to court documents, were made to pay employees for a business that was not operating at the time of pandemic and had no salaried employees. Ruth’s Chris Steakhouse, Shake Shack, and the Los Angeles Lakers made headlines last month when they, along with other public companies, received the small business loan.
PYMNTS
AUGUST 16, 2019
Axos Bank parent company Axos Financial has rolled out out commercial banking operations across new markets in the U.S., “The nation’s two largest metropolitan areas are home to a majority of our commercial lending and banking clients,” said Greg Garrabrants, president and CEO of Axos, in a statement.
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Abrigo
OCTOBER 15, 2020
Fraudulent (or lack of) supporting documents Supporting documents are a critical part of both the application phase and forgiveness phase of PPP lending. Ruth’s Chris Steakhouse, Shake Shack, and the Los Angeles Lakers made headlines when they, along with other public companies, received PPP loans. Lending & Credit Risk.
PYMNTS
APRIL 2, 2019
Marcus , the consumer bank operated by Goldman Sachs , has seen its head of product Michael Cerda quit his job. A person familiar with the situation confirmed to the paper that Cerda left, noting it was due to the pressure of commuting between the Goldman Sachs headquarters in New York and Los Angeles where his family lives.
CFPB Monitor
SEPTEMBER 21, 2015
Hinojosa-Ojeda, Associate Professor, University of California Los Angeles Division of Social Sciences, Los Angeles, Calif. Kukla, Senior Vice President, Center for Responsible Lending, Durham, N.C. O’Connor, Senior Vice President, Lending and Operations, Community America Credit Union, Shawnee Mission, Kan.
PYMNTS
AUGUST 27, 2019
LA Financial is expected to keep its original name but operate as a division of Ventura County CU. The merger is the latest in a series of CU consolidations in the Los Angeles area, which has resulted in the number of CUs in the area dropping by nearly 60 percent since 2000. billion in assets.
PYMNTS
APRIL 2, 2019
But what has gotten less attention – largely because the practice is less common – is how microlending operations play out in developed nations like the U.S. In Bangladesh, a $100 loan can be life-changing – in Los Angeles, that isn’t funding enough to think about starting a business,” she said. “So
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