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Credit union field of membership application blocked in Virginia
The Virginia State Corporation Commission denied Virginia Credit Union Inc.’s application to expand its field of membership to include the Medical Society of Virginia—the latest setback to the...
ICBA: Ford ILC application shows need to close loophole
The Ford Motor Co. plan to apply for an industrial loan company charter shows why the ILC loophole should be closed, ICBA’s Chris Cole told American Banker.
SBA now accepting requests for PPP partial-forgiveness reviews
The Small Business Administration said its Paycheck Protection Program platform can now accept borrower requests to review lenders’ partial forgiveness decisions.
Financial Services Industry United in Opposition to Marshall-Durbin Credit Routing Legislation
Today nine trade associations representing the financial services industry released the following joint statement opposing announced legislation by Senator Roger Marshall (R-KS) and Senator Dick...