Fair Lending - Banking Exchange

Banks Grant Millions of Payment Deferrals During Pandemic

New York-based Signature Bank says roughly 14% of its loan book is seeking to defer payments as the pandemic challenges cashflow

Class Action Lawsuits Attack Banks' Implementation of CARES Act Lending Program

Bank of America was sued by plaintiffs alleging that the bank violated the CARES Act by prioritizing borrowers with existing lending relationships and did not allow applicants without such relationships…

American Bank Global Powerhouses Focusing on the Domestic Market First

Pressure and opportunity combine to bring large banks home

Chase Accused of Pushing Small Businesses to the back of The Line

Lawsuit alleges unfair business practices by prioritizing borrowers who were seeking larger loan amounts rather than a good faith effort to take business on a first come first serve basis

Banks Demand Additional Funding for PPP

$248 billion has already been loaned to small businesses across the US, according to new data

New York Based Modern Bank’s Unique Approach in helping businesses through the Covid-19 crisis

Banks will need to process approximately 50 times their normal annual volume in the next 30-60 days under the Paycheck Protection Program

Fifth Third to Hire 1,000 Staff to Help COVID-19 Response

Banks are continuing to explore ways of supporting local communities, customers, and medical staff during the pandemic

Midsize Banks Lead Way on Small Business Loans, Big Banks Follow

While regional banks were embracing small business loans, the U.S. government sparred with the top four regarding the program as larger banks did not show enthusiasm