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37 MINS AGO - Business Insider

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OK Tea Partiers, Let's Burn Down The Obscure Export-Import Bank

The fight over the reauthorization of the obscure Export-Import Bank is the perfect opportunity for Democrats to take advantage of the growing rift in the Republican Party. This is a chance for liberals to let the two wings of the GOP cannibalize each other. First, the facts about the Ex-Im Bank. It is arguably the most "Republican" of government agencies. ...

Tags: OK Tea Partiers, Let's Burn Down The Obscure Export-Import Bank,  Lending Latest News

3 HOURS AGO - Washington Business Journal

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Intercredit Bank regains ‘well capitalized’ status

Intercredit Bank returned to “well capitalized” condition after it regained profitability in the second quarter. The Miami-based bank slipped to “adequately capitalized” after posting a $206,000 loss in the first quarter, but it swung to a $99,000 gain in the second quarter. That was enough to lift its Tier 1 leverage capital ratio to 9.16 percent on June 30 from ...

Tags: Intercredit Bank regains ‘well capitalized’ status,  Lending Latest News

5 HOURS AGO - Zero Hedge

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Futures Push Higher Ahead Of Data Deluge, Yellen Capital Statement

This week's US data onslaught begins today, with the ADP private payroll report first on deck (Exp. 230K, down from 281K), followed by the number of the day, Q2 GDP, which after Q1's abysmal -2.9%, is expected to increase 3%. Anything less and in the first half the US economy will have contracted, something the purists could claim is equivalent ...

Tags: Futures Push Higher Ahead Of Data Deluge, Yellen Capital Statement,  Lending Latest News

7 HOURS AGO - Washington Business Journal

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Florida gets a $4 million cut of settlment with military lender

More than 800 Florida service members will receive more than $4 million in debt relief, as part of a settlement with state and national regulators and Rome Finance. Rome was accused of using deceptive lending practices in a scheme that targeted about 17,000 U.S. service members and other consumers, a statement from the Consumer Financial Protection Bureau said. The company ...

Tags: Florida gets a $4 million cut of settlment with military lender,  Lending Latest News

15 HOURS AGO - Forbes

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Strange Things Are Happening In Hungary's Banking Sector

The Hungarian banking system has been a thorn in the Hungarian government's side for quite some time. A large proportion of it is foreign-owned, which makes it more likely that there would be outflows of capital and restriction of essential lending activity in a crisis. And, of course, it's more difficult to coerce foreign-owned banks into doing things that the ...

Tags: Strange Things Are Happening In Hungary's Banking Sector,  Lending Latest News