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Fed To Offer Huge Credit Help To Stem Economic Losses

PYMNTS

The recession talk is getting worse, including the St. Louis Fed president (on Sunday) saying unemployment could be 30%. In the case of a county or city that’s dependent on sales tax, well, you just shut everything down … Unlike Uncle Sam, they can’t deficit spend,” he said. A lot of companies are cutting estimates this morning.

St. Louis 130
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The math behind small business lending: Problems & possibilities for banks & credit unions

Abrigo

Takeaway 2 Several small business lending processes can tax both borrowers and staff. As a share of their total assets, community banks have more business loans below $1 million than larger banks, according to the St. Louis Fed : [S]mall-business loans—i.e., They lead to inefficiencies and roadblocks to small business lending.

Lending 243
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Fintech Fundings: 12 Companies Raise $240 million Week Ending June 25

Fintech Labs Insights

Canopy Tax (formerly Beanstalk). Tax & accounting practice management. Louis, Missouri. Tags: Tax, advisor platform, marketing, client services, accounting, SMB. Source: FT Partners. HQ: Salt Lake City, Utah. Latest round: $8 million. Total raised: $10 million. Source: Crunchbase. Fraud detection. Latest round: $3.8