Financial News

01
May
The Government Is Offering Free Seminars for Small Business Week

On April 29, the U.S. Small Business Administration (SBA) kicked off its National Small Business Week 2018 in Washington, D.C. Small business owners from anywhere in the country can pick up some free business advice through free online workshops. The SBA is the go-to source and voice for small businesses. Backed by the federal government, […]

Posted in: Financial News,
28
Apr
Over a Million Minors Were Victims of Identity Fraud in 2017

A jury summons or a debt collector call might not be all that remarkable – unless it’s for your child. If that happens, it’s a sign they might be a victim of identity theft. In 2017, over 1 million children (1.48 percent of minors) were victims of fraud or identity theft according to Javelin Strategy & […]

Posted in: Credit Scores, Financial News,
26
Apr
Ashland University Expands Gaming Scholarship by Adding Fortnite

For gamers looking for an esports scholarship, Ohio’s Ashland University program may hold some appeal with the addition of Fortnite Battle Royale to its offerings. Ashland University’s esports team is the first U.S. college program to add the popular title to its official offerings, according to a recent press release. Beginning this fall, Fortnite will join [&hel

Posted in: Financial News,
07
Apr
New SBA Loan Rules Give Business Owners a Reason to Celebrate

Small business lending might have received a boost with changes to the Small Business Association (SBA) loan guarantee programs. While the SBA’s 7(a) loan is a great opportunity for new would-be business owners to finance their business, the requirements can be tough to meet. To remove some of the obstacles and make this a more […]

Posted in: Financial News,
12
Mar
Consumers Took on More Debt and Paid On Time in 2017

Household debt reached an all-time high of $13.15 trillion at the end of 2017, according to Federal Reserve data. Still, a new TransUnion report showed that across numerous credit products, a healthy consumer credit market emerged for the year, along with increased access to loans, greater usage, and relatively low delinquency levels. In TransUnion’s comprehensive&n

Posted in: Financial News,
05
Mar
FTC Orders Venmo to Do a Better Job of Protecting Its Customers

Venmo’s owner, PayPal, reached a settlement with the Federal Trade Commission (FTC) in late February. The settlement came about following accusations that stated Venmo didn’t protect its customers’ privacy and wasn’t completely upfront about when and how money was taken out of their accounts. Venmo can be a convenient way to settle up with a friend when [

Posted in: Financial News,
27
Feb
Getting a Bank Loan Is Good for Your Business, Study Finds

One of the first steps entrepreneurs are advised to take when starting a new business is to build company credit. Not only is credit essential to a business’ operation, it is also a great predictor of how successful that business will be, according to one study. Finance professors Rebel Cole of Florida Atlantic University and […]

Posted in: Financial News,
21
Feb
Kabbage’s Kathryn Petralia Talks Small Business Loans

Taking time out of her busy schedule, I was able to ask a few questions on the phone with Kathryn Petralia, the co-founder and President of Kabbage Inc. – a leading small business online lending platform. If you don’t know Kathryn Petralia, you should. Here’s a crash course. She’s been hailed by Forbes as one of […]

Posted in: Financial News,
14
Feb
Q&A: Credibility Capital Founders Discuss Small Business Lending

In January, I had the chance to run a Q&A-style interview with the co-founders of the successful Credibility Capital, an online technology platform that helps small businesses acquire moderate levels of financing (also known as small business loans). The two founders, Brett Baris and Mark Rambler, offered interesting insight on the small businesses lending space [&hell

Posted in: Financial News,
17
Oct
FinTech Leader Hires a New CEO, Ramping Up the Industry

Innovative fintech startups are major disruptors in the lending market, and one company just landed a heavy hitter as their CEO, bringing in more firepower to the fintech lending industry. In an announcement on Monday, the Innovative Lending Platform Association (ILPA) announced the hiring of Scott G. Stewart as the new ILPA Chief Executive Officer. A […]

Posted in: Financial News,