Fed survey: New standards don’t lure small firms
WASHINGTON, D.C. — The Federal Reserve says banks loosened lending standards for small businesses over the past three months but that demand for loans remains weak. It marks the second time in nearly...
View ArticleH&R Block loses tax refund loan banking partner
NEW YORK CITY — Millions of H&R Block Inc. customers who relied on short-term loans backed by their expected tax refunds will not have that option this year, since Block’s banking partner was...
View ArticleABA prez responds to accreditation concerns
In a strongly worded letter earlier this month to American Bar Association President Stephen N. Zack, Iowa Sen. Charles Grassley (R) asked the ABA to “account for its work on behalf of both law...
View ArticleRegional SBA loan figures improve
The Small Business Administration Buffalo District Office ended its fiscal year with higher loan figures than in 2010, increased lender participation and an Oct 11 visit by regional administrator Jorge...
View ArticleFoundation Financial reaches $4B milestone
Foundation Financial Group, which has an office in Rochester, reached another milestone recently by passing the $4 billion mark in loans funded. “Foundation Financial Group employees are highly...
View ArticleReport: Countrywide won influence with discounts
WASHINGTON — The former Countrywide Financial Corp., whose subprime loans helped start the nation’s foreclosure crisis, made hundreds of discount loans to buy influence with members of Congress,...
View ArticleNYSBA offers loans for lawyers
Government and public interest lawyers burdened with large student loan debt can apply to the New York State Bar Association for grants to help repay those loans. To be eligible for grants from the...
View ArticleNew program helps avoid foreclosure
The state is launching its New York State Mortgage Assistance Program, or NYS MAP, which will provide small loans to families struggling to avoid foreclosure. The loans will help families secure...
View ArticleMoney Management: How the Federal Funds Rate affects you
Investors and the media have been keenly focused on when the Federal Reserve will begin to raise interest rates. After each Federal Open Markets Committee meeting we focus on the slightest change in...
View ArticleWhy I skipped the bank and took a loan from my ‘peers’
NEW YORK — When I realized I was paying off six different credit cards and not getting anywhere, I decided to consolidate my debt, like millions of other Americans. I visited my local bank, asked for a...
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