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Banking
We look at trends and current conditions in the district’s banking and financial services industry.
Recent Articles
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Uncertain Terms: What Small Business Borrowers Find When Browsing Online Lender Websites
The information available to prospective borrowers on small business online lender websites varies widely, and it is not unusual for lenders to detail terms in footnotes, fine print, or frequently asked questions (FAQs). Read more.
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Click, Submit 2.0: An Update on Online Lender Applicants from the Small Business Credit Survey
Though they represent a small share of total small-business lending, nonbank online lenders are a growing source of small-dollar credit for small businesses. Which businesses sought funds through online sources? How successful were their borrowing experiences? Find out
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Homestead Program Is a Land Contract Success Story
Land contracts, when appropriately administered, allow low-income individuals who might not qualify for conventional bank-financed mortgages a chance to become homeowners. Read More
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The Community Reinvestment Act (CRA) for Smaller Communities and Rural Regions
What’s one key element to drive funding to low-income areas of the country? Meaningful and productive partnerships between banks and community-based organizations (CBOs). Read More
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2018 Small Business Credit Survey Report on Nonemployer Firms
The 2017 SBCS provides insights on business conditions and access to financing for nonemployer firms—those with no employees other than the owner(s). Findings show these firms often rely on their owners' personal finances to secure credit, address financial challenges, and fund their business operations. Read more.