Industry News - January 29, 2019
January 29, 2019
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
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
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?
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.
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
February 12, 2019
With the Shutdown Looming Again, Lawmakers Should Remember Microbusinesses are Resilient, not Unbreakable
A recent CNBC article detailed how many small businesses that were adversely affected by the shutdown are struggling to move on.