December 23, 2020

Small Business Activity Declined in November

As another major wave of COVID cases hit the country, the share of small businesses that remained open at the end of November was 25.3% lower […]
November 20, 2020

September New Business Volume Down 13% From 2019

The Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25) showed their overall new business volume for September was $8.7 billion, down 13% year-over-year […]
November 20, 2020

Mortgage Rates Plummet Over Economy and Coronavirus Concerns

Mortgage rates plummeted this week to a new all-time low, upon poor economic news and concerns about a resurgence of the coronavirus. This outweighed news about […]
November 20, 2020

Consumer Activity Decelerated in October

According to a recent VISA report, October retail sales data pointed towards a downshift in the pace of consumer spending. October retail sales (excluding auto sales) […]
November 20, 2020

As COVID Cases Rise, Fears of Double-Dip Recession Emerge

A sharp spike in COVID-19 cases across the U.S. is threatening the economic recovery and increasing the odds of a double-dip recession. Daily coronavirus infections surpassed […]
October 27, 2020

Credit Scores Temporarily Up Amid Pandemic

Millions of Americans lost their jobs and skipped debt payments this year. You wouldn’t know it looking at consumer credit scores. While the coronavirus was pummeling […]
October 27, 2020

Commercial Bankruptcies up 33% Year to Date

U.S. commercial bankruptcy filings are up 33% so far this year with new cases in September surging by 78% from a year earlier as the recession […]
October 27, 2020

Banks Feel the Pinch from Cautious Customers

Deposit service charges at banks are recovering, but they remain well below pre-pandemic levels.  Fee waivers are starting to subside and customers are slowly increasing their […]
October 27, 2020

Borrowers Miss $19.4B in Mortgage Payments

A study from the Mortgage Bankers Association’s Research Institute for Housing America showed 12.4% of homeowners missed loan payments across the second and third quarters, including […]