The market has experienced a steady decline for banks over the past two years

Viewed as a critical component of the roadmap to driving economic mobility and financial access for those most in need

The American Bankers Association fears that new lenders will not be held to the same regulatory standard as banks

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