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Tax Reform Shows Early Signs Of SMB Bank Lending Impact

PYMNTS

tax reform led to much chatter and some confusion about exactly how changes would impact the nation’s small businesses (SMBs). Department of Treasury finalized rules that apply to SMBs on qualifying for a 20 percent tax deduction, with the National Federation of Independent Business (NFIB) applauding the initiative.

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China Turns To Tax Policy To Bolster Entrepreneurs

PYMNTS

China introduced new tax initiatives aimed at bolstering the nation’s entrepreneurs, according to local news reports on Friday (May 4). Vice finance minister Cheng Lihua introduced seven new tax policies during a press conference Friday, with the goal of saving small businesses $9.45

Taxes 100
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Fed Finds Biz Lending Swell Continues, But There’s A Downside

PYMNTS

Traditional institutions are picking up steam in their efforts to collaborate with alternative financiers and FinTech firms, largely viewed as a way to spin the competition into allies and upgrade their lending services without the burden of in-house R&D. However, the Federal Reserve ‘s latest analysis of the U.S.

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The Increasingly Alarming Auto Lending Situation

PYMNTS

According to the latest data out of auto lender Ally Financial, the auto lending segment seems to be encountering some engine trouble — brought on largely by rising defaults and falling used car prices. That is a bit of a softening of a January estimate that predicted growth would clock in at up to a 15 percent rate.

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Senate Affirms Trump’s Jovita Carranza As SBA Chief

PYMNTS

Treasurer since 2017, Carranza was an advisor to Treasury Secretary Steve Mnuchin. Chamber of Commerce, the International Franchise Association, the National Federation of Independent Business (NFIB) and the National Association of Realtors. . Even business groups critical of Trump’s tax law expressed support of Carranza.

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Strong Cash Flow Has SMBs Pulling Back Financing Demand

PYMNTS

Strong cash flows in the nation’s small business population may also be a sign of a strong national economy, with analysts predicting a 4 percent increase in gross domestic product for Q2. Some economists say tax reform is also likely to boost the nation’s SMB population. percent, down from 10.5

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GonzoBanker Awards 2017

Gonzobanker

Seriously, sit back with a pocket flask of Pappy Van Winkle, smoke a cigar (or your combustible of choice if you live in Colorado, California, Washington, Oregon, Nevada, Main or Massachusetts) and enjoy the 2017 GonzoBanker Awards. The Real “Lending” Stock Award – Goes to longtime player LendingTree. FinTech threats and distractions.