NEW YORK The scandal over improper sales practices at Wells Fargo & Co extended to thousands of small-business house owners, based on a U.S. lawmaker, elevating questions in regards to the scope of the financial institution’s points with unauthorized accounts.
Owners are typically knowledgeable about their business experience but not about banking services, stated Peter Conti-Brown, a financial regulation professor on the University of Pennsylvania’s Wharton School. For example, a new dentist who borrows from a bank to buy a practice might then want other services that she doesn’t even know exist, corresponding to payroll management or credit score-card clearing.
The Associated General Contractors of America has elevated its price range for advocacy for new infrastructure measures by 25 p.c, from $800,000 final yr to $1 million this year. A December radio interview blitz was deliberate to catch lawmakers of their house districts for the holidays. And the association is … Read more