Are small businesses being locked out of commercial lending?

Small business in the spotlight as de-regulation hits the headlinesSmall businesses are an important part of the US economy, creating wealth and employment opportunities as well as supporting economic growth at grass-roots level. So are small business owners being unfairly hindered by the slew of regulations introduced following the financial crisis of 2008? It’s an issue that’s in the headlines at the moment as ‎President Trump embarks on a full-scale review of the Dodd-Frank Act (2010) which tightened lending restrictions on banks. But are startups finding it impossible to get a foothold, or is growth stalling for existing businesses because of the lack of availability of business funding? Read more…

Trump takes aim at Dodd-Frank

President Trump plans to repeal Dodd-Frank regulationsWhile Donald Trump and Johnny Depp may not appear to have much in common, they are both weighing in at different ends of the spectrum on whether or not the financial services industry requires more or less regulation. Depp is in dispute with his former managers whom he accuses of mismanaging his finances. He has filed 11 complaints and is seeking damages of more than $25 million. Trump, meanwhile, has reaffirmed this pre-election promises to loosen regulations by reversing post-financial-crisis reforms designed to discourage excessive risk-taking – including the dismantling of the Dodd-Frank law of 2010. Read more…