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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. percent rate.

Taxes 122
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Interest, Auto Lending And Credit Cards Boost Capital One’s Q1

PYMNTS

Capital One logged stronger than expected results when it posted its earnings yesterday — the growth was driven largely by rising interest rates and an uptick in its largest lending categories, cars and cards. Capital One reported net income up 71 percent to $1.3 By The Numbers . billion from a year earlier.

Capital 100
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Is Small Business Lending Facing a ‘Moment of Reckoning?’

Gonzobanker

Financial institutions that want to play in the small business lending sandbox need to bring their digital toys. But how can community banks successfully compete with big banks and fintechs that are spending billions on their digital lending capabilities? Source: DeBanked ) Square Capital lent about $1.6 Source: DeBanked ).

Lending 126
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Accountants Say UK Bank Referral Scheme A ‘Waste Of Money’

PYMNTS

’s Bank Referral Scheme, part of the government’s array of initiatives to expand access to capital for small businesses, has been marred by controversy and criticism since it first came into effect in late 2016. But the scheme faced some of its harshest attacks yet at the hands of the Corporate Finance Network, a U.K.

Policies 148
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The Biggest Banking, Regulatory Challenges For Today’s Entrepreneur

PYMNTS

The FI said this statistic is two percentage points higher than last year’s report, and a whopping 25 percentage points up from 2016 levels. More than half of small firms also say their local economies are going to improve this year (56 percent), up from 50 percent in the spring of last year, and just 38 percent in 2016.

Taxes 144
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Legislators In The EU Close Banking Loopholes

PYMNTS

The overhaul was put forth by the European Commission in November of 2016, and it mandates the amount of cash a bank has to put aside to be able to absorb losses. It also introduces updated requirements, in line with post ‘07-’09 financial crisis levels, for liquidity and capital.

System 116
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LendingClub: Loan Applications Grow Double Digits Amid Rising Rates  

PYMNTS

That growth was outpaced by a record number of applications, up 30 percent year on year, as LendingClub looks to spur “awareness” of the benefits of fixed-rate lending in an era where interest rates are on the rise. The company said it had loan originations of $2.9

Taxes 159