The IEDC said the Legend Fund will give non-traditional lenders an incentive to provide operating capital to Indiana-based businesses. Eligible lenders could have a portion of the loans they issue purchased by the IEDC, freeing up capital to support more entrepreneurs and small businesses.
The U.S. Chamber of Commerce said it will file a lawsuit to try to prevent the federal agency from capping late fees.
In minutes from the Jan. 30-31 meeting released Wednesday, most Fed officials said they were worried about moving too fast to cut their benchmark interest rate before it was clear that inflation was sustainably returning to their 2% target.
Under Maurer’s leadership, The National Bank of Indianapolis grew into the largest locally-owned bank headquartered in Indianapolis. It ranks among the 10 largest banks operating in central Indiana.
A bill allowing financial institutions to change contract terms on customers without explicit acceptance narrowly passed the Senate on Tuesday with a 28-21 vote.
Brian Simms, who operated Brendanwood Financial Brokerage LLC in Carmel, avoided trial by reaching a plea agreement in what prosecutors said was a fraud scheme involving at least 20 victims.
Both companies have benefitted from Americans’ increased use of credit cards. In the fourth quarter of 2023, Americans held $1.13 trillion on their credit cards, and aggregate household debt balances increased by $212 billion, up 1.2%, according to the latest data.
A New York judge imposed the penalty over what he ruled was a years-long scheme to dupe banks and others with financial statements that inflated the former president’s wealth.
Nearly 20% of outstanding debt on US commercial and multifamily real estate will mature this year, requiring refinancing or property sales.
The fledgling points programs already have their detractors, with many users bemoaning a lack of transparency—most haven’t explained how their points can be used—while experts warn they may pose regulatory risks of their own.
For a variety of reasons, including a slowdown in initial public offerings and increasing accessibility, alternative investments have been gaining traction with a wider range of individual investors over the last several years. And experts believe the trend will continue to grow.
In addition to its foreclosure demand, Wilmington Trust has requested the appointment of a new receiver for the 685,000-square-foot, 36-story property.
Economists and experts see rising delinquencies as one of the growing risks to the economy this year, especially if student loans become too much for younger, debt-burdened Americans to handle.
Increasingly, benefits brokers and personal-finance experts are advising people use cash to pay for health care and investing the HSA funds for decades.
Named as a fellow to the Daniels School of Business, former World Bank President David Malpass said the “world would benefit from Purdue’s engagement … in terms of its expertise in business, in semiconductors, in climate science, in engineering.”
Almost half of Black home buyers in 2022 were first-time buyers, and newcomers haven’t benefited from the rising home equity that could help defray swelling sale prices and lending costs.
The “refresh” aims to address a key challenge—public misperception as to what OneAmerica Financial actually does.
Alpine 4 Holdings Inc., whose subsidiaries include Indianapolis-based RCA Commercial Electronics, says it is struggling “with unparalleled challenges.”
VisionTech reported this week that it invested a total of $2.88 million into 18 different companies last year, representing an increase in both the number of deals and the total value of deals from 2022.
Thursday’s report from the Commerce Department said the gross domestic product—the economy’s total output of goods and services—decelerated from its sizzling 4.9% growth rate the previous quarter.
