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Widening Borrower Protection’s Scope To SMBs

PYMNTS

As online lending platforms proliferate among the SMB borrowing community, however, experts warn that a lack of regulation means these companies rarely publicly reveal interest rates and fees. “We have seen small businesses destroyed by online lending.” ” Knowing Their Options. . ” Knowing Their Options.

Lending 136
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Time Tried, Panic Tested. The Forgotten Story of the First National Bank of Keystone

Jeff For Banks

September 1st, 1999, regulators from the Federal Deposit Insurance Corp, at the behest of the Office of the Comptroller of the Currency, descended on a small coal mining town in Keystone, West Virginia. Clearly, blue-suit regulators stood out. The Bank's Rise McConnell came to the bank in 1977 from McKeesport, Pennsylvania.

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Book Report: The Unbanking of America by Lisa Servon

Jeff For Banks

Professor of city and regional planning at the University of Pennsylvania. For example, the securitizing of the residential lending business moved most of that business away from banks to mortgage bankers and brokers, that far and away were the culprits behind preying on the underbanked. They pay no Federal income taxes.

America 60
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Fools Rush In: 37 Of The Worst Corporate M&A Flops

CB Insights

The housing bubble bursting that same year had the opposite effect and various penalties and real estate losses relating to Countrywide’s lending practices ended up costing BofA about $40B, all told. New York Central and Pennsylvania Railroad. ” 11. This was a huge hit to Mattel’s bottom line. By 1994, Sony had written off $2.7B

Google 76
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The 2018 GonzoBanker Awards

Gonzobanker

Goes to Greg Smith, retiring CEO of Pennsylvania State Employees Credit Union. This award goes to Ally Bank ’s mind-numbingly fast growth in its auto lending unit. According to BankRegData, Ally has grown its auto lending portfolio by 68% since 4Q15. Write articles about helping people with taxes or something.”

Fintech 105