Commercial Lending

Bank Enterprise Award Changes to Incentivize Consumer Loans

Expressing concern that lenders participating in the Treasury Department’s Bank Enterprise Awards for distressed community financing are “disproportionately incentivized” to make commercial loans, the Treasury’s Community Development Financial Institutions Fund is tomorrow issuing a revised interim rule creating subcategories for commercial and consumer loans under the BEA program for distressed communities.

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Fed Survey: Tighter Credit Environment Dings Auto Loan Market

Bankers continued tightening credit for business loans and auto loans in the last three months while they continued to ease credit standards slightly in their home mortgage and consumer loan portfolios, according to the Federal Reserve’s latest senior loan officer survey released today.

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