Economy

Interview With Polling Expert Scott Rasmussen

May 7, 2020
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On Tuesday, I interviewed nationally recognized public opinion pollster Scott Rasmussen, who is the publisher of ScottRasmussen.com and is the editor-at-large for Ballotpedia, about the trajectory of the presidential race and how the current environment is affecting how people think. Mr. Rasmussen will be a guest speaker at Broker Fair 2020 Virtual on June 11, […]

Study Finds Vulnerable Canadians Ill-Equipped Against Coronavirus

May 4, 2020
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Last week Loans Canada, a loans comparison platform, released a survey of over 900 financially vulnerable Canadians. These being defined as those Canadians who rely on low income, who have limited access to credit, and who have little to no savings available, the study found that many of the respondents were at risk of financial […]

The Three-Phase Guidelines for Reopening States

April 22, 2020
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The Trump administration last week released a set of guidelines on how states and local governments may reopen. Titled ‘Opening Up America Again,’ the document outlines criteria to help classify which stage a region or state is in. Being a guideline rather than an order, it is not an exact prediction of how local and […]

Views from the Small Business Finance Industry, March 27

March 27, 2020
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As the coronavirus pandemic continues to disrupt the economy and affect small businesses as well as funders, deBanked will keep up with how various figures from the alternative finance sector are managing under the stresses of covid-19. Ranging from funders, to brokers, to those figures on the periphery of the industry, this series aims to […]

Can The SBA Handle The Stimulus On Their Own?

March 27, 2020
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old main street

As the market cheers the upcoming passage of a $2 Trillion stimulus bill that is intended to provide much needed support to small businesses, industry insiders are beginning to raise concerns about the SBA’s infrastructural ability to process applications in a timely manner. In a webinar hosted by LendIt Fintech yesterday, Opportunity Fund CEO Luz […]

The Pandemic, The Economy, and The Presidential Race

March 20, 2020
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masked crowd

Note from the Editor: In early February, I asked one of our regular journalists, Paul Sweeney, to look into the economy and the presidential race to size up the coming election season. As he was wrapping up his interviews over the span of a month, things took a startling turn, and COVID-19 came to the […]

Trump Pledges Immediate SBA Lending Support

March 11, 2020
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President Trump

President Trump pledged to support SBA lending through ramped-up low interest loans to small businesses that are suffering or may suffer from a decline in business due to recent public health fears. Additionally the President says that he will make or ask Congress to impose a degree of tax relief to those affected. More information […]

Can a Merchant’s FICO Score Increase By the End of the Day?

March 16, 2019
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credit scoring

Earlier this week, Alan Hayon had a challenge – to get a merchant above a 500 FICO score in order to make them eligible for small business funding. Within 30 minutes, Hayon increased the merchant’s personal FICO score by 59 points, getting them above 500. And the deal funded the following day. Hayon is the […]

How Most Americans Handle a $1000 Emergency Expense

December 26, 2018
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money's gone

A recent survey conducted by LendingTree found that more than half of Americans cannot cover a $1,000 emergency with cash or savings. Forty-eight percent of Americans say they could handle a $1,000 emergency expense by using cash or savings in their bank accounts. Of the those Americans who could not handle a $1,000 emergency, whether […]

Funding Circle Report Shows Demand for Alternative Financing

June 14, 2018
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funding circle

Funding Circle, together with Oxford Economics, released a report this week using data from its customers last year. Funding Circle is a business loan platform that matches small business borrowers with investors that want to lend. Some of these findings may be reflective of the broader alternative finance market. Data from the report conveys that […]

Student, Auto Loan Delinquencies Rise Slow and Steady, Report Says

July 7, 2016

Student Cash Advance

Report on debt shows student loan delinquencies rising since the end of 2011.

As Credit Tightens, Borrowers and Investors Retreat Alike

July 5, 2016

measuring money

Lenders have for long relied on securitization for capital but as the credit market tightens, companies will be forced to diversify and soon.

Don’t Look Now, But The US Treasury is Staring At Marketplace Lending

June 24, 2016

US Treasury

The Financial Stability Oversight Council which was established per Dodd Frank to monitor excess risks to the financial system by bank and nonbank financial entities categorized marketplace lending as one.

Taking Stock of China’s Changing Fortunes in Fintech

June 21, 2016
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Chinese Piggy Bank

It’s been called the Wild West of the financial world, and it appears the sheriff is finally headed to town. Chinese fintech, the P2P practice of connecting borrowers to lenders via the Internet, was supposed to bring much-needed competition and efficiency to the country’s outsized, government-run banking system, turning a sizable profit for a visionary […]

Consumer Credit Defaults Are Falling, But Don’t Celebrate Yet

June 21, 2016

First mortgage defaults reported a six basis points drop to 0.63 percent but bank cards defaults rose to 3.11 percent

As Mortgage Applications Slow Down, is it Smarter to Rent?

June 1, 2016

Refinance applications decreased 4 percent, seasonally adjusted, and purchase applications decreased 5 percent .

Is That a Bird, a Plane or a Recession in the Wings?

April 26, 2016
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Recession

This story appeared in deBanked’s Mar/Apr 2016 magazine issue. To receive copies in print, SUBSCRIBE FREE The R-word has been rearing its ugly head with more frequency in recent months, propelled by falling stock prices, higher borrowing rates and the dollar’s ascent. While a recession—typically defined as a fall in GDP in two consecutive quarters—is […]

US Economy: Spending Slows, Savings Increase and Home Sales Rise

March 28, 2016
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Consumer spending on goods and services inched up 0.1 percent in February for the third consecutive month, as savings reached the highest level.