Frost Bank to offer home loans after more than 20-year hiatus; Raleigh bank CEO dead in small plane crash; Bank trade groups blast SBA’s fintech proposal; CFPB proposes registry of nonbanks’ contract terms, conditions
The bank is suing the startup's founder for exaggerating Frank's customer base ahead of JPMorgan's 2021 purchase of the platform. Frank's founder, in a separate suit, said the bank fired her unjustly.
Despite market headwinds, the bank is bullish on its return to home lending, and has a long-term vision for its mortgage operation, the bank’s CIO said.
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Vice President Kamala Harris has said opening up the SBA’s 7(a) program to fintechs would increase lending in underserved markets. The trade groups say the move threatens the integrity of the program.
“Take it or leave it” form contracts, usually drafted by a company and its lawyers, can conceal consumer harm and suppress criticism about products and services, the bureau said.
Amid a crowded landscape, credit unions have outpaced banks and online lenders in small-business customer satisfaction. Learn how they plan to stay competitive in this Trendline.
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