American Bankers Association CEO Robert Nichols weighs in on his meeting with President Trump over financial reform efforts that affect community banks. President Trump met with community bankers from across the country to find out the potential regulatory reforms and other steps the federal government could take to help boost lending to U.S. small businesses as well as consumers.
Category: Small Business
Trump Says Community Banks Help ‘Create Jobs’
U.S. President Donald Trump met with small community bankers on Thursday to learn more about their difficulties in complying with the tougher Dodd-Frank financial regulations enacted after the 2007-2009 financial crisis. The listening session was aimed at helping the Trump administration craft a legislative plan to ease the regulatory burdens on small banks to try to unlock more small business lending and fuel economic growth, a senior White House official told Reuters.
How to Keep Your Phone Number While Switching Carriers
If you are a small business owner, your telephone number may well be part of your community identity, especially if you have already invested in advertising and business cards. As long as your business remains in the same geographic area, the Federal Communications Commission guarantees your right to keep your telephone number even if you switch carriers.
Trump, Pence Keep Focus on Economy Despite Sessions Controversy
President Trump and Vice President Pence are staying focused on the administration’s top priority: the U.S. economy. This, as new reports emerge that Attorney General Jeff Sessions met with the Russian ambassador , despite stating that he did not have conversations with Moscow during his confirmation hearing.
Dimon Says U.S. Future `Very Bright’ If Trump Can Enact Reforms
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon expressed broad optimism for U.S. growth and his own industry if Donald Trump’s administration succeeds in reshaping taxes and regulation.
A great majority of our nation’s small business owners are old, white men
Two weeks ago the Kauffman Foundation, a well-regarded non-profit group that specializes in entrepreneurism, released its annual State of Entrepreneurship report – and at least in one respect, the news is encouraging. The report found that, despite still being below the peak that preceded the Great Recession, private enterprise is rebounding and entrepreneurs are driving a resurgence of business activity in America.
The Ultimate Retirement Account for the Self-Employed
Self-employment definitely has an upside. You have a lot more control over your life when you work for yourself.
Trump Pledges – Big Number’ on Dodd-Frank in Anti-Rule Push
President Donald Trump stepped up his criticism of financial regulations, pledging to go after the 2010 Dodd-Frank banking overhaul because he said the law has made it difficult for businesses to get loans. “We’re going to be doing a big number on Dodd-Frank,” Trump said Monday at an event with small business leaders at the White House.
How to schedule your day for maximum productivity when you run…
Time is a precious commodity, especially when you’re a small business owner and it feels like there are always a million things to do. “Most small business owners don’t build time into their workdays for things that are not just run, run, run for the business,” Laura Vanderkam, time-management expert and author of ” I Know How She Does It: How Successful Women Make the Most of Their Time ,” tells Business Insider.
Chicagoa s Rise in Violence Hurting Citya s Small Businesses
Chicago police officer investigate a crime scene of a gunshot victim in Chicago, Illinois, United States, July 5, 2015. Extra police patrols and long shifts were not enough to prevent nine deaths and about 50 injuries from gun violence in Chicago … over the Fourth of July weekend, when homicides jump almost every year.
Square Inc’s Best Moves in 2016
At times, the market couldn’t tell whether the company was making a turn toward profitability or falling down a rabbit hole of losses it may never emerge from. Amid the market turmoil, Square made some solid moves that expand its capabilities for customers and will help grow revenue organically — and there’s evidence the plan is working.
How Paying Small Businesses Faster Can Boost Jobs
Jean-Noel Barrot is assistant professor of finance at MIT Sloan School of Management. This piece originally appeared at The Conversation .
Life Inside A Shenzhen Hardware Accelerator
China has a city built to help people make things. And startup founders from around the world are flocking to it.
Why You Should Add Liability Insurance to Your New Year’s Resolutions
Umbrella liability insurance costs about $150 to $200 a year, but it covers what your home and auto policies won’t. In any situation where you can be held liable for someone else’s injury, misfortune or death, liability insurance comes in handy.
As Economic Danger Looms, Will Entrepreneurs Come to the Rescue?
In what’s shaping up to be a tough year ahead, small-cap companies could bring the ‘animal spirits’ that the economy and investors need. America’s small companies are positioned to outperform their larger brethren and provide much-needed adrenaline to an economy that’s probably on course for a downturn.