The data raises troubling questions" and should trigger an investigation," says Oren Seilstrom of San Francisco's Lawyers Committee for Civil Rights. "This should be a red flag for the SBA and the banks. It gives us the indication that something may be amiss and further explanation is warranted. At the SBA in Washington, spokesman Jonathan Swain argued racial disparities in the ARC loan program don't paint the full picture of the agency's lending practices. Many of the SBA's other loan products, he says, have large minority business participation. For example, he says, minority-owned businesses receive 29% of loans given through the SBA's regular lending program and 37% of Microloans doled out by the agency. "It's hard to look at the ARC program by itself," he told NAM. "It's just one...
... OneWest owes its eye-popping performance largely to unusually generous terms agreed to by the FDIC.... for eight months, with a mountain of bad loans to unload just as the economy was cratering. . But...
Banc-sery Partners provides outsourcing solutions for Small Business Administration loans for community banks not large enough to have their own commercial loan SBA office.
In good times, you'd say these guys are much too conservative," said George Hofheimer, chief research officer of credit-union analyst Filene Research Institute, in an interview with Time magazine. Car loans are another booming business for credit unions, as car makers and many large banks have scaled back on auto loans, said Rick Rice, CEO of Teacher's Credit Union.
... XVIII: RURAL HOUSING SERVICE, RURAL BUSINESS-COOPERATIVE SERVICE, RURAL UTILITIES SERVICE, AND ... communities through grants and loans and technical assistance to businesses and communi...The division reviews large, complex, or potentially controversial loan and gr...
Credit Unions - Problems with large loans
Have you ever wondered why casinos have so much money to lobby for their existence? Have you ever wondered why casinos pay the local community and state government a percentage of their profits when most businesses, even large corporations, who want to do business in our community look for tax breaks, TIFs, grants, loans and other types of subsidizing? Have you ever wondered if these kickbacks to the local and state governments influence the regulators and police to do their oversight objectively?
A large financial institution has account holders throughout the world, across several lines of business, including loans, money management, banking, insurance and securities. The more diversified the customer's reationship is, the more potentially profitable that customer is for the firm. However, this creates some complex reporting requirements.
A group of State attorneys general and State banking regulators are urging the federal Office of the Comptroller of the Currency (OCC) and federal Office of Thrift Supervision (OTS) to encourage national banks and federal thrift servicing operations to modify large numbers of mortgage loans that are becoming unaffordable for consumers.
Why don't we ask the analysts to stop using the same cookie cutter to measure the financial transparency of smalltown America that they use with a large urban metropolis? I work closely with local banks in awarding small-business loans, and the question of whether the cashflow statements of small businesses are FASB compliant rarely comes up.
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