EXPECT DELAYS: "A shutdown could put several billion dollars of lending volume on hold throughout late August and September and have a deleterious effect on the economy," SBA Administrator Maria Contreras-Sweet wrote in a recent letter to Congress.
The Small Business Administration has worked hard to make its flagship 7(a) loan program more attractive, adding lenders, slashing fees and cutting red tape to speed the review process. Now, the agency is paying the price for its efforts. more »
Student Financial Aid Services Inc. is accused in a complaint filed Thursday by the Consumer Financial Protection Bureau of charging families for help in filling out the Free Application for Federal Student Aid. more »