Posts Tagged ‘regulations’

Small-Business Optimism Highest in 10 Years

Posted on August 08, 2017 by Laura Lam

Small business owners are more optimistic than they have been in a decade, according to a new Wells Fargo and Gallup small business survey.  The survey resulted in a Small Business Index score jump to 106, an 11-point increase from April, which was driven by stronger financial situations, healthy revenues, easier access to credit and an increase in hiring.  The last index score is the highest since April 2007 when it was 113. “Our latest survey tells us that small business owners continue to feel confident about their current situation and are optimistic about the future,” said Mark Vitner, managing director and senior economist…

Trump Mulling Two-Tiered Regulatory System for Banks

Posted on May 08, 2017 by Laura Lam

During a meeting of community bankers last week, Trump administration officials made it clear they favored a system with different rules for small and big banks.  Community bankers have long sought so-called two-tiered regulation, but policymakers were unwilling or unable to shake up the existing system, which imposes many of the same regulations across the spectrum of institutions. During the meeting, President Trump reiterated comments he’s made in the past, discussing the importance of community banks for the economy and small businesses. But his willingness to speak to so many bankers at once, combined with comments by his senior advisers…