Exterior of Bank Building`

Federal Deposit Insurance Corporation Encouraging New Banks

It might feel like there’s a new bank popping up on every corner in America these days. But, the total number of banks in the U.S. has dwindled significantly over the course of the last 30 years. About three decades ago, there were more than 18,000 banks scattered across the country. But today, there are… Read more »

Data Filled Table with Professionals`

Commercial Lenders Subject to California’s First-of-Its-Kind Truth in Lending Bill

In 1968, the Truth in Lending Act was established to protect Americans who chose to use consumer credit. The federal law called for creditors to disclose the full terms of the loans they were giving out to consumers to make sure they fully understood the loans and the cost of such loans. Over the past… Read more »

Business Meeting Concept`

Investors Pour More Than $14 Billion Into Fintech in First Half of 2018

Investors have been pouring money into U.S. based financial technology companies for quite some time now. Investments are on the rise through the first half of 2018, according to a report released by KPMG at the end of July. The report indicated that investors put up more than $14 billion to invest in fintech companies… Read more »

Portfolio Financial Servicing Company - Portfolio Management`

Understanding Inevitable Change will Come to Equipment Finance

As with many industries, the world of financial services is in a good place. Currently, money is going in, and money is going out, and those who work in the industry are glad to be a part of it. However, there comes a time in every industry when the professionals within it have to look… Read more »

Credit Card Spending`

WalletHub Estimates U.S. Credit Card Debt Exceeds $1 Trillion

We might like to think we learned a few valuable lessons from the financial crisis of 2008, but new data from the Federal Reserve is raising concerns about the credit habits of American consumers, and the lending practices of their banks. According to a recent report from WalletHub, credit debt in America grew by $92… Read more »

Federal Reserve Building`

New Fed Report Suggests an Interest Rate Hike Is Imminent

Many economic analysts have been predicting an interest rate hike in the near future, and the latest report from the Federal Reserve suggests it could come as soon as the end of the month. Published on Wednesday, March 7, the report noted “persistent labor market tightness across the United States, with accelerating wage gains in… Read more »

Ask Yourself These Tough Questions Before Investing in a Startup`

Ask Yourself These Tough Questions Before Investing in a Startup

A successful startup is akin to the “cool” kid on the block of the corporate world. Most Millennials want to work there. Other entrepreneurs try to recreate the concept (sometimes to no avail). And there’s an undeniable potential for investors to reap significant returns—or lose sizable amounts of capital. That said, if you’re looking to… Read more »

For Now, the Fed Will Hold Interest Rates Steady`

For Now, the Fed Will Hold Interest Rates Steady

Last week, the Federal Reserve opted to hold its key interest rate in place, but left the door open for a potential hike in June. The move came after a two-day meeting, where the Fed’s policymaking committee dismissed concerns about the economy’s slow pace of growth during the first three months of the year, calling… Read more »

Don’t Make These Common Mistakes When You File Your Taxes`

Don’t Make These Common Mistakes When You File Your Taxes

For many people, tax season incites feelings of stress and worry. Will you end up owing the government money? What if you file something wrong and get audited? Even though it can be a stressful task, there are software programs and experts out there who can help you get your taxes done right. Nevertheless, there… Read more »

Small Business Owners - Portfolio Financial Servicing Company`

Study Finds Small Business Owners Are Wary of Election Season

Last fall, online lending company OnDeck conducted a survey of more than 500 small business owners in America and found that 25 percent did not have confidence in “any of the current presidential candidates.” Now, OnDeck has released the results of a follow-up study conducted between February 29 and March 14, 2016 which found that 34… Read more »