Finance
A double dip recession is certainly likely
Some economists try to find sunshine and rainbows, others search for signs of the coming Apocalypse. Economic data from the last few months leads some to think a double dip recession, where the economy falters, begins to recover, then tumbles again before bottoming out, is starting to become a real possibility. European analysts as well ...
Supply of credit worthy small company borrowers is down
The U.S. Senate is about to vote on a bill that is designed to make small company loans more accessible. This bill will help create $ 300 billion in accessible capital to help small businesses. Banks within the lending business, though, are saying the extra quick cash advance won't actually create more small business loans. ...
Arizona ban combined with financial reform bill
Payday loan store licenses all just ended in Arizona. Payday loans no fax stores are shutting down right now. The financial reform bill needs only one more thing- Obama's signature. Part of the bill will create a new consumer financial protection agency within the Federal Reserve that will regulate consumer lending, and there is concern ...
Running out of low cost loans to companies is SBA
The Small company Administration has been charged lately with helping companies weather the recession, and money is running out. The 7(a) lending program gives out loans, personal and large, to small businesses around the country. The program, funded by the American Recovery and Reinvestment Act, is currently in a holding pattern, waiting for more money.
How ...
With just pennies at a time, online credit card scam stole millions
An online credit card scam that stole millions, with just pennies at a time, was halted by the U.S. Federal Trade Commission. The online credit card scam used identity theft to steal small amounts of money that went undetected by consumers or fraud detectors. Over the last four years, a lot more than a million ...
