WASHINGTON–With the Federal Reserve expected to raise interest rates against his week when it meets, consumers, who say they are “fed up” with the job the central bank is doing, can also expect to pay billions more in interest as the result, according to a new survey and analysis.
NEW YORK–One of the most watched indicators over whether a recession is approaching is “sounding its loudest alarm”—the yield curve, according to one new analysis.
WASHINGTON–The Community Development Financial Institutions (CDFI) Fund said it will pause the acceptance of new CDFI certification applications from Oct. 1, 2022, through April 2, 2023 as it deploys a new application and reporting tools.
WASHINGTON—In response to what one congressman is calling the president’s “woke agenda,” Rep. Scott Fitzgerald (R-WI) has introduced the Making CFPB Accountable to Small Business Act, a bill that would repeal the Dodd-Frank Act’s data collection rule, Section 1071.
BOSTON–A new survey of small business owners finds nearly half say their businesses are at risk of failing by the fall of this year unless economic conditions improve significantly.
SANDY, Utah–Mountain America Credit Union is expressing strong interest in decentralized finance (DeFi) and cryptocurrency.
TACOMA, Wash. –Sound Credit Union, which partnered with the Milgard Center for Business Analytics at the University of Washington Tacoma, has announced that Gaganjeet Singh and Arshdeep Mann are the winners of their FinTech Incubator Challenge.
LONDON—A joint operation involving U.K. intelligence agency Government Communications Headquarters (GCHQ) and the U.K. Ministry of Defense has taken direct action against computer networks used by cyber criminals, helping to protect people against cyberattacks and also making hundreds of thousands of stolen credit cards worthless to the crooks who stole them, according to one new report.
BASINGSTOKE, U.K.–Look for a shakeout in the number of companies that offer buy now, pay later (BNPL) solutions, according to a new analysis.
SYDNEY, Australia–Indicative of how quickly the market has changed, Australia-based buy-now-pay-later (BNPL) firm Zip Co. said it is cancelling its planned buyout of its U.S.-based rival, Sezzle.
