Claims the plans will create unnecessary burdens on business and confuse investors

90% of businesses worldwide are small and medium enterprises, or SMEs

Merchants & Marine Bank and City National Bank have launched separate initiatives to support small businesses and local communities

Entities that are not federally regulated should not be allowed to make SBA-approved loans, industry groups argue

Plus: Executive appointments at Truist, Provident Bank, WaFd, Comerica

The pause on student loan payments that has gone on for over two years is supposed to end at the end of the month

Umpqua Bank’s research highlights the concerns of small businesses amid growing inflation

The women-owned Texas-based bank has received its charter from the Office of the Comptroller of the Currency

Findings come as US inflation nears 40-year high, climbing to 8.3% in April

The two banks are seeking to reduce frictions and increase efficiencies in their lending programs