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Small businesses in need of a loan find banks are stingy
Small businesses still have the pandemic and now high inflation to grapple with — and they're finding it's tough to get a loan to help with the daily grind.
PPP is gone, but government help for small businesses isn’t
The federal government’s Paycheck Protection Program concluded, but as businesses recover, they may find a continued need for affordable financing.
Bank profits soar, helped by merger frenzy, fewer bad loans
Four of the largest U.S. banks said their profits grew by double-digits last quarter, as a healthier U.S. economy has allowed banks to have fewer bad loans and charge-offs.
M&T Bank commits $1M for small business loans in PG County
M&T Bank has committed $1 million to provide loans to small businesses in Prince George’s County that would not typically qualify for loans.
Consumer borrowing surged in May as economy reopened
U.S. consumer borrowing surged by a larger-than-expected $35.3 billion in May.
AG charges loan businesses with consumer protection violations
The Maryland Office of the Attorney General charged several businesses earlier this month with making unlicensed and predatory loans that put consumers at risk of losing their vehicles. The charges, […]
US average mortgage rates at 7-year highs
Long-term U.S. mortgage rates rose this week, continuing at their highest levels in seven years amid the peak home buying season.
Small businesses say credit available
Credit is more easily available to small businesses than in recent years but it may take a stronger economy for firms to feel comfortable taking on debt and expanding.
Buying a car? A home? Fed rate hike shouldn’t matter much
WASHINGTON — For anyone considering whether to buy a home or car, the Federal Reserve‘s interest rate increase Wednesday shouldn’t make much difference. The rates that most people pay for […]
This court case could unshackle Americans from student debt
When Robert Murphy said he wanted to try to get his student loan debt erased, the person overseeing his bankruptcy case told him he had a better shot of getting […]
Baltimore recovery funds require businesses to pledge not to sue
If a riot-damaged business wants a recovery grant or loan from the Baltimore Development Corp. it first has to agree not to sue the city over damages it incurred. The […]
Fed promises ‘patient’ approach to rate hikes
The Federal Reserve is signaling that it's edging closer to raising interest rates from record lows because of a strengthening U.S. economy and job market. But it is promising to be "patient" in determining when to raise rates.
