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The industry group said the expansion of the SBA 7(a) loan program would harm borrowers
Survey shows significant majority of consumers expect to reach financial prosperity in the next 10 years
Plus: Cadence Bank is set to sell its insurance arm to Gallagher
Unemployment is expected to stay around 3.8% and payrolls have continued to increase
The ABA and BPI want the White House to reduce the reporting overlap and regulatory burden regarding cybersecurity
Customers are still struggling to meet costs and are dipping into emergency savings despite the recent fall in inflation
Survey found banks and credit unions are continuing to invest in automated customer service
Only 9% of Americans choose to go into a bank branch
Survey also found improved digital tools have helped banks’ services for small businesses
Consumer spending, government spending and residential investments were the catalysts for growth
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