Industry News – January 29, 2019
January 29, 2019
Time for CFPB to Move Forward on Small-Business Lending
Now that the Consumer Financial Protection Bureau has a permanent director in Kathy Kraninger, the agency can, at long last, pursue a path toward regular order.
Source: American Banker
Women Entrepreneurs Are on the Rise—Let’s Continue the Trend
As of January 2017, there were 11.6 million women-owned businesses in the U.S., accounting for almost 40 percent of all U.S. businesses. But the question is how can we keep this momentum going?
Source: The Hill
Alternative Finance No Longer a Last Resort for Small Businesses
Approximately 25% of U.S. small businesses have used an alternative lending platform, with younger entrepreneurs leading the pack. Are small businesses beginning to bypass banks altogether?
Bono Teams With Private Equity Firm to Measure Impact Investments
The U2 frontman and his business partners at TPG announced a new company called Y Analytics, which will use a proprietary method to measure social and environmental change created by investments.
Silicon Valley, Meet Black Girl Magic
The majority of entrepreneurs who land venture capital funding are white men, much like the financiers who hand it out—but Black women are fighting that pattern.
Source: USA Today