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Don’t minimize the value of choosing a payment process service

If you own a small business, you probably know first-hand the increasing importance of being able to accept debit and credit card payments. Because businesses have unique payment needs — from the mix of retail, online and mobile purchase volume to the size of an average payment — we advise businesses to request proposals from… Continue Reading Don’t minimize the value of choosing a payment process service

Federal lending rules change to help consumers

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Federal lending rules change to help consumers

Mortgage lenders now have bigger hoops to jump through to make loans for consumers, thanks to the Dodd-Frank Wall Street Reform and Consumer Protection Act. The act, which went into effect Friday, may mean more paperwork required from consumers, but its provisions are intended to protect consumers from unscrupulous lenders, said Jon Paukovich, vice president… Continue Reading Federal lending rules change to help consumers

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FDIC lists banks evaluated for CRA compliance

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FDIC lists banks evaluated for CRA compliance

On Friday, the Federal Deposit Insurance Corp. issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act. Two banks in Colorado were examined: The State Bank in La Junta and Citywide Banks in Aurora–both received a “satisfactory” rating. The list covers evaluation ratings assigned to institutions in October 2013.… Continue Reading FDIC lists banks evaluated for CRA compliance

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The Small Business Administration says its new SBAExpress loan program will make loan applications easier to complete and faster to implement. The pilot loan program will also significantly expand the number of lenders participating in the program and increase access to capital for small businesses. In particular, the SBA has implemented program modifications to allow… Continue Reading SBA loan program puts loan apps on fast track

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