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Fair Lending - Banking Exchange
New York-based Signature Bank says roughly 14% of its loan book is seeking to defer payments as the pandemic challenges cashflow
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…
Pressure and opportunity combine to bring large banks home
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
$248 billion has already been loaned to small businesses across the US, according to new data
Banks will need to process approximately 50 times their normal annual volume in the next 30-60 days under the Paycheck Protection Program
Banks are continuing to explore ways of supporting local communities, customers, and medical staff during the pandemic
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
Thankfully, the Small Business Administration (SBA) and Treasury Department finally released details
Errors and attempted fraud connected to mortgage applications fell by 3% in January and is down by more than a quarter year-on-year
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Banking Exchange Interview with
Rachel Lewis of Stock Yards Bank

As part of the Banking Exchange Interview Series we and SkyStem are proud to present our interview with Rachel Lewis, Assistant Controller at Stock Yards Bank & Trust.

In this interview, Banking Exchange's Publisher Erik Vander Kolk, speaks with Rachel Lewis at length. We get a brief overview of her professional journey in the banking industry and get insights into what role technology plays in helping her do her work.

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