SBA Lending Rule Changes
February 12, 2020Late last week, Senate Committee on Small Business and Entrepreneurship Chair Marco Rubio sent a letter to SBA Administrator Jovita Carranza calling for a delay to an interim final rule on SBA express loans. In his letter, he states, “I am deeply concerned that this rule will have a detrimental...
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Senate Committee OKs SBA Nominee
December 18, 2019Earlier today, Dec. 18, the U.S. Senate Committee on Small Business and Entrepreneurship held a meeting where they voted to approve the nomination of Jovita Carranza, President Trump’s nominee to head the U.S. Small Business Administration (SBA). The committee voted 17:2 to approve Carranza’s nomination which will now move to...
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NSBA Warns Against 7(a) shutdown
September 4, 2019Earlier this week, NSBA and the Small Business Access to Capital Coalition urged Congressional leaders to avoid an Oct. 1 shutdown of the SBA 7(a) loan program.
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Webinar: Why FICO Matters
April 5, 2019NSBA members are invited to participate in a webinar entitled, “Financial Innovation and FICO Score: What Does it Mean for Small Business and Consumers” on Wednesday, April 17 at 1:30 p.m. EDT.
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SEC to Ease Reporting for Smaller Companies
July 11, 2018The SEC recently voted to expand the definition of a “smaller reporting company” and ease requirements for more small firms seeking investment.
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Supreme Court Sides with Amex Over Swipe Fees
June 26, 2018The Supreme Court this week ruled in favor of Amex on the issue of swipe fees, narrowing the options small businesses have to reduce costly swipe fees.
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New GAO Report on SBA “Credit Elsewhere” Rules
June 20, 2018Recently, the GAO released a report showing that almost half of the reviewed loans under SBA’s 7(a) loan program in 2016 didn’t adhere to the “credit elsewhere” requirement.
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Senate OK’s SBA 7(a) Loan Bill
June 6, 2018Yesterday, the Senate passed legislation to enhance SBA oversight of the 7(a) Loan Program, and makes critical reforms to ensure its long-term success.
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May 2, 2018This week, Rep. Nita Lowey (D-N.Y.), introduced the Small Business Credit Card Act which would protect small-business credit cards from unfair and deceptive practices of credit card companies
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Action on Beneficial Ownership
April 18, 2018Efforts to monitor beneficial ownership, which could impose unreasonable regulations on certain small businesses, are making their way through the U.S. Treasury and Congress.
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