Loans

A recent FDIC report found that community bank profits rose last quarter, thanks to fee income from PPP loans and mortgage refinancing.

The report found that bank lending volume fell in the most recent quarter, driven by decreases in commercial and industrial lending.

The costs for Black borrowers to pursue a college have been growing exponentially.

The law is meant to demand that when banks take deposits from a particular area, they also make loans there.

Lenders will not have to verify whether borrowers have the ability to pay back high-interest loans

The arrangement would allow minority-owned lenders to take PPP loans off of their balance sheets.

The loans, to support American households, businesses and local governments, is part of the Main Street Lending Program authorized by the economic relief law.

It’s a wonky subject, but important. Arcades, power grids and plumbing systems also help make sense of it.

Some farmers are “quietly exiting” because they can’t make a profit.

New car sales have been high for the past few years, and that means there are a lot more car loans out there. There are a lot more delinquent ones, too. According to a report from the New York Federal Reserve, 7 million borrowers are at least 90 days late on their payments, the highest […]