BLS Releases Report On Consumer Spending

BLS Releases Report On Consumer Spending

The Bureau of Labor Statistics reported late last week that consumer spending was up 2.4% in 2016 to $57,311, but fell short of the 4.6% increase in 2015. Expenditures rose sharply for rental housing last year, as rental spending once again outpaced mortgage expenses....
Scott Tucker Nears Trial for Payday Loan Rent-a-Tribe Scheme

Scott Tucker Nears Trial for Payday Loan Rent-a-Tribe Scheme

A New York federal district court is preparing to hear the trial of payday-lender-turned-race-car-driver Scott Tucker beginning September 11th. Last year, federal district attorneys brought a $2 billion action against Tucker and his business associate, Timothy Muir,...
FinTech Poised to Capture Burgeoning Millennial Small Businesses

FinTech Poised to Capture Burgeoning Millennial Small Businesses

While the biggest banks continue to ignore credit demands from small businesses, FinTech companies are finding ways to help the nearly 28 million small businesses in America. Public-private partnerships are moving payment processing to the next level, and FinTech...
Study Shows Nearly 4 in 5 Americans Live Paycheck to Paycheck

Study Shows Nearly 4 in 5 Americans Live Paycheck to Paycheck

A recent study by Harris Poll on behalf of CareerBuilder, a talent acquisition company, found that 78% of Americans are living paycheck to paycheck, including nearly 1 in 10 who make more than $100,000 per year. Twenty percent of American workers have missed a payment...

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