Nov 5, 2014 | Crowdfunding and the Banks
By Laura Alix When Joe Lyons and Joe Prew decided they wanted to go into business together on a venture they called Boston Boot Co., they knew they would need capital. Rather than apply for a traditional bank loan or make their pitch to a venture capitalist or...
Nov 5, 2014 | Consumer Credit Reporting
By Laura Alix While federal lawmakers debate the merits of a consumer credit reporting overhaul, lenders continue to value the consumer credit report as an important tool. U.S. Rep. Maxine Waters, D-Calif., introduced the Fair Credit Reporting Improvement Act...
Nov 5, 2014 | Climate Change Business Disruption
By Christina P. O’Neill After an active storm season in 2013, followed by a tenacious cold snap last winter that paralyzed much of the country, New England’s economy has begun to see price tags for climate change. Add to that, the significant changes in the...
Nov 5, 2014 | Banks Brace for Climate Change
By Scott Van Voorhis As if regulatory demands weren’t enough, add climate change to the list of urgent issues with which bankers across the country wrestle. Some are responding, and some have back-burnered the issue. Freak storms and weather events, from...
Nov 5, 2014 | RI Kiting Scheme
By Laura Alix A recent Rhode Island Superior Court decision held that a money order company victimized by a fraudster cannot hold liable for its losses the bank that accepted the faux money orders for deposit. The decision came in a lawsuit originally filed by...
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