by visbanking | Feb 27, 2023 | Banking Knowledge Base
I. Introduction A bank loan is a type of financing that involves a borrower receiving money from a bank or other financial institution and agreeing to repay it over a set period of time. Bank loans are often used to fund large expenses, such as purchasing a car or...
by visbanking | Jan 17, 2023 | Banks, News
By: Ken Chase Last week, Federal Reserve Chairman Jerome Powell delivered remarks during an appearance at the Symposium on Central Bank Independence hosted by Sweden’s central bank. In addition to comments focused on monetary policy and the Fed’s role in the U.S....
by visbanking | Jan 17, 2023 | Banks, News
By: Ken Chase In a recent comment letter from the Independent Community Bankers of America (ICBA), the trade group called on the U.S. Small Business Administration (SBA) to abandon plans to allow more nonbank entities to participate in the agency’s 7(a) loan program....
by visbanking | Jan 17, 2023 | Banks, News
By: Ken Chase A recent announcement by the U.S. Department of Justice confirmed that City National Bank will -pay more than $31 million to settle DOJ accusations that it unlawfully discriminated against black and Latino borrowers in its mortgage decisions. The...
by visbanking | Jan 13, 2023 | Banks, News
By: Ken Chase The U.S. Consumer Financial Protection Bureau has created a new repeat offender unit that will reportedly focus on large banks that repeatedly violate federal laws and regulations. The regulatory body revealed the existence of the unit in a recent...
