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Regulators urge banks and credit unions to consider offering small-dollar loans — consumer advocates call it a ‘terrible idea’
Banking regulators say banks and credit unions should offer small-dollar loans to customers in response to the COVID-19 outbreak......»»
Startups target banks" small business customers in FX payments drive
Revolut and TransferWise are signing up thousands of small businesses a month for foreign exchange payments, touting slicker service and lower fees as they try to take on banks in a sector with flows of $7 trillion a year......»»
Major banks now offering high-cost loans for nasty surprises
U.S. Bank has begun to offer small loans to help customers deal with unexpected expenses like a car repair. The interest rate is about 70 percent......»»
Wells Fargo invests in even more Black-owned banks
Customers of the Black-owned banks will be able to use Wells Fargo's nationwide ATM network without incurring fees......»»
34 banks offering payment assistance for customers impacted by the coronavirus
Maskot/Getty Images If you've been financially impacted by the coronavirus pandemic, your bank may be offering payment assistance for your mortgage, car payments, credit card, personal loan, or private student l.....»»
Banks are offering mortgage forbearance due to COVID-19, but customers who take it might struggle to get a home loan later on
Joe Raedle/Staff/Getty Images As millions .....»»
Stimulus checks can now be cashed for free at two of Pennsylvania"s biggest banks
The banks also said they will not deduct outstanding penalty fees from stimulus payments to customers......»»
The stimulus money was supposed to help small businesses. But big banks reportedly let their wealthiest clients get money first.
Spencer Platt/Getty Images JPMorgan Chase, Citibank, and US Bank prioritized their wealthiest customers' applications for small-business loans, the New York Times reported on Wednesday. The bank.....»»
PPP applicants left behind by big banks turn to small New Mexico lenders
Many small banks in New Mexico are seeing customers migrating from larger banks to apply for the PPP......»»
Chase and other banks shuffled Paycheck Protection Program small business applications, lawsuit says
The move meant that Chase would collect larger processing fees, nearly $6 billion in total. The suit follows similar allegations again.....»»
33 banks offering payment assistance for customers impacted by the coronavirus
Maskot/Getty Images If you've been financially impacted by the coronavirus pandemic, your bank may be offering payment assistance for your mortgage, car payments, credit card, personal loan, or private student loan. We've liste.....»»
Wells Fargo again urges small business customers to consider other banks for SBA relief loans
Wells Fargo's rocky week with the SBA PPP ended with the bank still urging its small business customers to consider other banks for SBA relief loans. That's easier said than done......»»
Wells Fargo again urges small-business customers to consider other banks for SBA relief loans
Wells Fargo's rocky week with the SBA PPP ended with the bank still urging its small-business customers to consider other banks for SBA relief loans. That's easier said than done......»»
Wells Fargo is again urging small-business customers to consider other banks for SBA relief loans
Wells Fargo's rocky week with the SBA PPP ended with the bank still urging its small-business customers to consider other banks for SBA relief loans. That's easier said than done......»»
Citi last of big banks to start small business aid
A week after $350 billion small business relief started, Citi finally offering applications. Just not on its website......»»
Wells Fargo is again urging small business customers to consider other banks for SBA relief loans
Wells Fargo's rocky week with the SBA PPP ended with the bank still urging its small business customers to consider other banks for SBA relief loans. That's easier said than done......»»
Wells Fargo is again urging small business customers to consider other banks for SBA relief loans
Wells Fargo's rocky week with the SBA PPP ended with the bank still urging its small business customers to consider other banks for SBA relief loans. That's easier said than done......»»
Citi is letting customers request waived late fees and waived minimum credit card payments online
Spencer Platt/Getty Images Credit card issuers are acknowledging the financial toll of the coronavirus by offering a variety of fee waivers and assistance programs to their customers. Citi is letting customers request financial assistance for thei.....»»
The US government doubled the interest rate on coronavirus bailout loans for small businesses after banks complained they would lose money
Reuters The US government began offering $350 billion in small business loans via private banks on Friday. The interest rate was doubled on .....»»
For banks, massive SBA loan program offers a needed jolt
Bankers aren’t accustomed to offering free money or lending at rates that produce a loss. But that’s what they’re about to do as the federal government’s massive program revs up. Under the Small... To view the full story, click the title link......»»