Politics reared its ugly head in judicial decisions against Donald Trump and Elon Musk in recent days. The verdicts - not to mention the whopping $350 million civil fraud penalty in Trump’s case - surprised a lot of investors and…
Banking
How healthy are America's largest banks? On that question, investors and the credit ranking agencies don't see eye to eye. Just before Thanksgiving, Moody's Investors Service downgraded rankings for three banks you may have heard of - Bank of America,…
Consumers aren't the only ones getting squeezed by credit card companies and their astronomically high interest rates. Business owners can't catch much of a break either. NerdWallet's rankings of the top cards for small business owners and entrepreneurs feature annual…
The U.S. Small Business Administration (SBA) may be the best option for securing a loan these days. Prohibitive interest rates and tighter credit limits by banks are squeezing many small-to-mid-sized businesses in need of capital. As of this past September…
How many times has your Finance team seen the word "processing" on their laptop screens this week? Instant payments, both via The Clearing House's RTP (Real-Time Payment) Network and the Federal Reserve's 24/7/365 FedNow Service, are poised to change that.…
Most businesses think we're already in a recession or it's coming early this fall. The good news is, most are fairly confident they'll survive it. There's just one major catch. Businesses short on cash are balking at high interest rates…
On July 20, the Federal Reserve announced the FedNow Service, a 24/7/365, instant payments system, is officially live. Touted as the biggest upgrade to the U.S. payments system in 50 years, FedNow looks like it's going to be more than…
The collapse of Silicon Valley Bank (SVB) earlier this year could bring major changes to capital requirements for large banks. Federal Reserve vice chairman for supervision Michael Barr put the banking industry on notice during a speech to the Bipartisan…
Heads up: Inflation and bank failures are spurring more companies to put their cash where's it safer and can grow. The Association for Financial Professionals (AFP) reports that companies' cash and short-term allocations toward bank deposits dropped in recent weeks…
Compared to the rest of the world, the U.S. has lagged behind in rapid B2B payments technology, but that's about to change. The Federal Reserve's FedNow service is coming soon! The Fed says its more modernized payment infrastructure will launch…
To keep your ACH payments flowing smoothly, Nacha advises businesses to update financial institution routing number validation tables at least monthly. That may mean more work for your A/P team, but it ultimately means less stress for them because they…
The IRS is sounding the alarm about the top 12 - aka the "dirty dozen" - tax scams that are tripping up businesses, tax professionals and individual taxpayers this spring. The dirty dozen changes every year as cybercriminals come up…
