Inspector General says community banks did not sufficiently use bailout money to increase lending to small businesses.
Bureau says law firm, legal help center took in more than $10 million by charging for services falsely promising foreclosure, other help.
Treasury Department planning to sell or restructure bailout loans to small banks to recover taxpayer money.
Report cites non-performing assets and says nearly half of community banks in TARP program are not current on their own paybacks.
House Republicans asked tough questions of Richard Cordray about his plans for running the Consumer Financial Protection Bureau, but the session wasn’t as hostile as it was when Elizabeth Warren testified.
The recent public exchange between the Wisconsin Bankers Association and the Wisconsin Credit Union League over member business lending sounds a lot like what has been going on in our nation’s capital for months. A stalemate between two parties who argue they can do it better, yet no one gets...
The Wisconsin Credit Union League continues to criticize the banking industry’s use of the Small Business Lending Fund for what it claims is misuse.
Critics say Small Business Lending Fund is being used to pay back TARP debt rather than lend to small businesses.
An inspector general would have oversight of the new $30 billion Small Business Lending Fund if a bill with that proposal becomes law.