Browsing: Small business lending

Newsbytes

A new analysis by the Financial Stability Board of the global post-financial crisis regulatory framework found that the regulatory reforms did not have “material and persistent negative effects on [small and medium enterprise] financing in general,” though some of the more stringent risk-based capital requirements may have slowed the pace of financing or caused credit conditions to tighten at the banks capitalized the least before the crisis in some locales.

Policy

In remarks before a public symposium on small business loan data collection today, Consumer Financial Protection Bureau Director Kathleen Kraninger signaled the importance of balancing the statutory objectives of Section 1071 of the Dodd-Frank Act with the need to avoid negative credit effects on the $1.4 trillion small business lending market.

Newsbytes

The Senate today approved a $99 million subsidy to fund the Small Business Association’s 7(a) loan program for the 2020 fiscal year, successfully avoiding a shutdown of the program that would have otherwise taken place on Oct. 1.

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