By Frank Witsil, Detroit Free Press DETROIT, August 10– A study looking at business loans in metro Detroit confirmed the adage that banks lend money to people who don’t need it. It also found a pattern of lending that could be...
By Frank Witsil, Detroit Free Press DETROIT, August 10– A study looking at business loans in metro Detroit confirmed the adage that banks lend money to people who don’t need it. It also found a pattern of lending that could...
Early in the Trump Administration, the President directed the Department of Labor (DOL) to prepare an updated analysis of the likely impact of the fiduciary rule on access to retirement information and financial advice. This directive has been interpreted...
For Immediate Release August 9, 2017 Contacts: Spencer Cowan (c) 919-619-3579 Brent Adams (o) 312-368-0310 (c) 773-844-5544 Businesses in low- and moderate-income or predominantly minority areas in Detroit, Michigan, and Richmond, Virginia, are less likely to receive small business...
Patterns of Disparity: Small Business Lending in Detroit and Richmond This report examines bank lending to businesses in the Detroit and Richmond Regions. The purpose is to determine the extent to which banks are meeting the credit needs...