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Mousinho gives update on injury worry for Portsmouth star
Portsmouth boss John Mousinho has eased concerns over Jayden Meghoma after the defender was forced off during his side’s win over Cardiff.The Brentford loanee impressed on his Pompey debut before be...
Student-loan forgiveness is now pushed back for these PSLF borrowers
The Trump administration removed some student-loan borrowers' payments toward Public Service Loan Forgiveness. It's throwing their futures into limbo.
Juventus legend Gigi Buffon on Nick Woltemade: “Impact like Ibrahimovic”
Serie A side Juventus signed Nick Woltemade on loan from Newcastle United late in the summer transfer window. While the German is yet to make his debut for the Bianconeri, big praise has come from Juv...
Mastantuono taken out of Fiorentina’s game at half-time
Franco Mastantuono’s loan spell at Fiorentina is off to a troubling start. The Argentinian was subbed off at halftime in a 2-1 loss at home to Torino, as Fiorentina remain winless and pointless in Serie A. Mastantuono has been starting for his new team, but head coach Fabio Grosso will be forced to make some […]
Real Salt Lake sign Canadian defender Luc de Fougerolles
By Jonathan SigalTRANSFER TRACKER STATUS: SigningReal Salt Lake have signed defender Luc de Fougerolles on loan from English Premier League side Fulham FC, the club announced Saturday.The 20-year-old ...
Atletico Madrid fans turn on Juventus loanee
Jonathan David has joined Atletico Madrid on loan from Juventus, but the striker has already faced criticism from supporters of the Spanish club over his weight.The forward was one of the players Juve...
“Don’t See Shohei Ohtani Doing This” – MLB Fans Give MVP Verdict After Pete Crow-Armstrong’s Insane Catch in Cubs Win vs Marlins
Fans rallied behind Cubs CF Pete Crow-Armstrong, and some even offered their final verdict on the NL MVP debate after the 24-year-old made a stunning catch to dismiss Marlins LF Heriberto Hernández in the series opener at LoanDepot Park on Friday night. Tracking back the fly ball, he reached the last tip of the dirt track, just between the 400-ft board and the adjacent advertising board.
Norwich's forgotten clock to go on loan to London Science Museum
It has been hidden away in storage for more than a decade.
Former Cowboys running back Emmitt Smith is sued by investor over wind farm project
NFL career rushing leader Emmitt Smith is being sued by a Native American investment company over claims that the former Dallas Cowboys running back and his business partners misappropriated a $2.5 million loan that was supposed to fund a wind farm pro...
Welcome, Arthur Chaves
Arthur Chaves, a 25-year-old center-back, has agreed to join Botafogo and is the club’s newest signing for the remainder of the 2026 season. The defender has signed with O Mais Tradicional on loan u...
WSL2: Ria Bose joins Sunderland on loan from West Ham
Ria Bose has joined Sunderland on loan for the 2026/27 season, with the young defender set to continue her development away from West Ham United.The 20-year-old will spend the campaign with Sunderland...
A Manchester City loanee explodes into life for West Ham
Among the selection of young players that Manchester City sent out on loan for the 2026-27 season, Divine Mukasa joined West Ham. Mukasa joined the Hammers on a season-long loan. The young attacking m...
Why Atletico Madrid ended their interest in Nicolas Gonzalez
Nicolas Gonzalez enjoyed a successful loan spell at Atletico Madrid from Juventus last season, with the Spanish side having a pre-agreed option to sign him permanently at the end of the loan spell.How...
Juventus switch 'could play to Woltemade's strengths'
Football journalist Julien Laurens believes playing in Serie A "could work and play to Nick Woltemade strengths", with the Newcastle forward having joined Juventus on a season-long loan deal. Germany international Woltemade joined the Magpies last summer but has struggled to bed into the Premier League. Juventus will pay Newcastle a £3.5m loan fee for Woltemade, but do not have the option to buy the 24-year-old.
Orlando Pride loan goalkeeper Anna Moorhouse to Manchester City
The Orlando Pride goalkeeper is headed from the NWSL (National Women’s Soccer League) to WSL (Women’s Super League) on loan with Manchester City.
All Manchester United loanees for the 2026/27 season
4.4KManchester United as usual, have sent numerous players out on loan this year.This page will be updated throughout the season so you can keep up to date with all the latest action involving United�...
Rangers buy Portland's Kelsy and take Stuttgart's Bouanani on loan
Rangers confirm they have bought Venezuela striker Kevin Kelsy from Portland Timbers and taken Algeria winger Badredine Bouanani on loan from Stuttgart.
Arsenal include recall clause in loanee’s contract
Arsenal have a recall clause for Ethan Nwaneri in January, and loan club Borussia Dortmund have no option to buy the teenager if things go well.Photo by Alex Pantling/Getty ImagesEthan Nwaneri complet...
County Launches Grant to Help East County Small Businesses
The Board of Supervisors has approved a new $300,000 one-time County grant to boost East County small businesses through the East County Economic Development Council’s Empower East County Business Fund Revolving Loan Fund.
Tyfone acquires lendtech Attune for Loanovia business
nFinia developer Tyfon acquires digital account opening and loan origination specialist Attune - find out more about the Loanovia integration here.
Can Cameron grasp opportunity at Tannadice?
Dundee United signing Lyall Cameron on a season-long loan from Rangers has really caught my eye. Cameron may only be 23, but this feels like a really important move for him. Not so long ago the attacking midfielder was tipped to be one of Scottish football's big prospects – after a number of standout performances for Dundee.
Joining Leeds 'an easy choice'
New Leeds United signing Melvin Bard has said the history "makes the club an attractive one" after joining from Ligue 1 side Nice on an initial loan deal. "Leeds is a historic club in the Premier League so it was an easy choice," Bard said.
Eintracht Frankfurt abandon Kalimuendo deal over Nottingham Forest price tag
Following Arnaud Kalimuendo’s impressive loan spell at Eintracht Frankfurt during the second half of last season, Die Adler have been exploring the possibility of making his move permanent.However, ...
Small Business Administration to provide relief in Randolph, Saline County following severe weather
Low-interest federal disaster loans will be available to those affected by severe weather in Randolph and Saline Counties last spring.
Former Augsburg defender Kevin Danso set for Sunderland switch
Former Augsburg centre-back Kevin Danso is reportedly on the verge of joining Sunderland on loan from Tottenham Hotspur.According to Sky Sports, the 27-year-old Austria international is set to join th...
Arteta builds on firm foundations - still business to be done?
Arsenal have one of the best squads in Europe. The Gunners spent £250m last summer, bringing in eight players as they won the Premier League, and have already spent about £200m this year, turning Piero Hincapie's loan deal into a permanent one (£34.5m), signing Bruno Guimaraes from Newcastle United (£75m), Christos Tzolis from Club Brugge (£34m) and Ezri Konsa from Aston Villa (£55m).
How the Pentagon Is Getting Into the Venezuelan Oil Business Under Trump
The Defense Department’s Office of Strategic Capital, founded by the Biden administration to give loans to bolster the U.S. defense industry, is helping lead President Trump’s oil deal.
US Small Business Administration to offer low-interest loans to Indiana homeowners, entrepreneurs impacted by flooding
INDIANAPOLIS — The U.S. Small Business Administration is planning to offer low-interest loans to Indiana homeowners and entrepreneurs who were impacted by flooding earlier this month. Hoosiers in t…
Nonbank lender finds niche in airport concession business
Los Angeles-based Lendistry recently received a $100 million credit facility from East West Bank to support loans to airport concession operators.
NH's Business: Ongoing housing developments in New Hampshire
Fred Kocher sits down with Elissa Margolin with Saint Anselm College and Sarah Marchant with NH Community Loan Fund to talk about on how a bipartisan housing act could influence the housing market in NH.
Colorado Sues EarnIn For “Immoral, Unethical, Oppressive and Unscrupulous” Business Practices
Hey all, Jason here. When this hits your inbox, I should be en route to the airport — not to go anywhere myself, just to pick up my better half. I must admit, it’s been strange to be home alone (well, with two dogs) for two weeks! Really lets me “optimize” to spending more time on reading/writing/working, whether that’s healthy or not! Looking forward to getting back into a (somewhat) more balance routine. Subscribe or Support by Upgrading Compare Notes With the People Who Built Modern Fintech Partner content: Remitly CEO Sebastian Gunningham. Increase founder Darragh Buckley. Linda Du, Co-founder & President at Valon. They’ll unpack the decisions behind building and scaling major financial products: what they got right, what broke, what they would do differently, and how AI and new infrastructure are changing the operator playbook. Most events tell you where fintech is going. NerdCon puts the people who built the present in the room and asks them what comes next. Expect an operator-led conversation grounded in real products, real trade-offs and lessons earned the hard way. Fintech Business Weekly readers save 20% on Regular tickets with code FBW20 before standard pricing ends September 11. Meet the Builders Things To Know & Other Good Reads Advent and Stripe Abandon $50 Billion Pursuit of PayPal (Bloomberg) Trump Family’s New Crypto Bank Is Backed by Abu Dhabi Sheikh (Wall Street Journal) The multiplying risks of financing data centres (FT) Let the Bond Market Speak (Wall Street Journal) Did we waste a crisis? Modest proposals to reform deposit insurance. (Fintech Takes Banking) Untangling Guggenheim: How Private Credit Built Its Own Universe (Net Interest) The Hater’s Guide To Circular Financing — Part One (Ed Zitron) Fiat Ventures Rebrands to FGV Capital, Announces $35M Oversubscribed Fund II (BusinessWire) Socure Announces Strategic Growth Investment at $5.2B Valuation and Acquires Agentic Operations Platform Fravity (Socure) Listen: When Consumer Protection Disclosures Work Too Well (Consumer Finance Monitor Podcast) Colorado Sues EarnIn For “Immoral, Unethical, Oppressive and Unscrupulous” Business Practices When Andreessen Horowitz led EarnIn’s $39 million Series B in 2017, Alex Rampell, a partner at the storied venture capital firm, described EarnIn’s small-dollar advance product as “free,” relying on “entirely on voluntary contributions instead of fees.” Rampell favorably compared EarnIn’s approach to typical payday loans, writing, “Payday loans historically have had the potential to be a slippery slope for consumers into financial distress: opaque systems and steep fees that are hard to repay and set individuals back further than where they started. For many Americans living paycheck to paycheck, that kind of slide into debt can be extremely difficult to recover from.” But EarnIn’s product — which, the company says, isn’t a “loan,” legally speaking — ends up being anything but free for most users. While it is technically possible to take a no-fee advance from the company, most users incur “Lightning Speed” (instant funding) fees and/or ostensibly optional tips that combined can equate to annualized percent rates that can reach over 1,000%. With an average term of 9.77 days, even fees and tips that are small on an absolute dollar basis are equivalent to high APRs on an annualized basis. A lawsuit filed last week by Colorado Attorney General Phil Weiser against EarnIn describes the company and its product and business practices quite differently than Andreessen’s Rampell; “EarnIn’s business practices are unfair because they are immoral, unethical, oppressive and unscrupulous,” the complaint, filed in District Court in Denver, Colorado, says. EarnIn’s marquee product, Cash Out, isn’t a loan, the company says, as Cash Out is not “[f]orward [l]ooking” because “[t]he money is transferred based on earnings to date,” does not carry a mandatory fee to access funds, and is “non-recourse,” meaning EarnIn cannot pursue recovery from users who don’t repay advanced funds. EarnIn is sometimes referred to as an “Earned Wage Advance” service. Though, unlike some others in the broader category, EarnIn does not integrate with employers’ payroll or time and attendance systems. Rather, EarnIn attempts to verify a user’s income and employment, by examining direct deposit transaction data in their linked external bank account, by using GPS location and Bluetooth data to estimate a user’s time spent at work, if they work in a fixed location, and/or by having a user provided a work email address. While repayment is theoretically optional, as EarnIn would have no recourse, such as reporting non-payment to the credit bureaus or a collections agency, this is anything but clear to users of the EarnIn app, Colorado’s complaint argues. During the process of taking a Cash Out, users must agree to a preauthorized debit of the amount advanced, plus any expedited funding fee and/or tips. Though users technically can revoke this ACH authorization, the fact that they have this right isn’t presented to users during the Cash Out process, but rather is included in linked terms and conditions few users are likely to actually read. And users who do wish to revoke their ACH authorization must do so three or more days before the scheduled transaction date by emailing EarnIn’s customer support. Similarly, EarnIn’s marketing claims that it carries “no interest” and “no mandatory fees” is technically true, but is not the reality for many of the app’s users, the Colorado complaint argues. Further, EarnIn has extensively marketed to users the ability to “access your pay today,” to get “instant” funds, and to get funds “the same day you work” — when, in reality, this speed of access was only possible by paying the additional, undisclosed Lightning Speed fee. The Colorado complaint highlights this contradiction specifically, noting: EarnIn tells consumers that they can ‘Make any day payday with EarnIn’ and that there no ‘hidden’ or ‘mandatory fees.’ For a consumer to access their pay on the same day requested, they would have to pay the Lightning Speed fee. In the fine print of the advertisement EarnIn discloses that ‘[f]ees apply to use Lightning Speed,’ a direct contradiction to the larger text of the advertisement, and a fact that would not be immediately understood by a consumer as ‘Lightning Speed’ is not defined nor explained. Like other small-dollar lending services, rather than explicitly charge interest, EarnIn collects a markup on the optional Lighting Speed fee, which, given the nature of the transactions, many users opt for, as well as offering users the option to leave “tips.” EarnIn leverages either Real-Time Payments (RTP) rails or push-to-card via debit rails if a user opts for the optional Lightning Speed. But while these capabilities cost EarnIn, on average, $0.075 or $0.20 per transaction, respectively, EarnIn charges users significantly more. Initially, EarnIn charged as little as $1.99 for Cash Outs up to $24. But EarnIn has hiked these fees multiple times, and now charges $4.99 for Cash Outs up to $75 and $6.99 for those over $75. According to the Colorado complaint, EarnIn leverages “dark patterns” to manipulate users and to make it more difficult to avoid tipping. Examples of these “road blocks” highlighted in the complaint include: As of 2023, in the EarnIn app, a consumer attempting to get a loan under the default settings had to make at least eighteen separate taps to complete the transaction and reduce the tip to $0. There is an alternative method to leave a $0 tip, via the “Custom tip” feature, but EarnIn made this option difficult to access by visually deemphasizing it and positioning it near devices’ “home” button. Using language and imagery such as “Tip to pay it forward,” “Your generosity supports the service + helps,” “Your tips make a difference,” and “[t]he APR for this cash out is 0%. Your tips help support us.” While Lightning Speed and tipping are, in theory, both optional, in practice, users nearly always ended up paying something. According to the Colorado suit, users were charged either a tip or an expedite fee for more than 92% of transactions, with an average APR of nearly 388%. And, although the advances are “non-recourse,” EarnIn successfully collects on nearly all transactions — 99.18%, according to the complaint, which, Colorado argues, “demonstrat[es] that EarnIn’s advances function as high cost loans, not voluntary payments.” The share of EarnIn users incurring fees — despite the product being marketed as 0% APR — is hard to reconcile with Andreessen investor Rampell’s favorable description of EarnIn vs. “opaque systems and steep fees” associated with payday loans, which, Rampell says, can be “extremely difficult” for borrowers to extricate themselves from. According to Colorado’s suit, EarnIn’s Cash Out product “trapped many consumers in extreme cycles of high-cost reborrowing.” The suit gives an example of one consumer in the state, who took out a whopping 1,151 loans, paying a total of $4,038.50 in Lightning Speed expedited funding fees on loans that averaged the equivalent of 1,421% APR. Another Colorado user, the suit says, took out 1,033 loans, paying $8,561.22 in tips and fees at an average APR of 1,539% . These types of usage patterns demonstrate “the severe and repeated financial harm caused by EarnIn’s illegal lending model,” the Colorado complaint argues. In aggregate, from January 2023 through July 2025, EarnIn extended 3.1 million loans to 56,778 users in Colorado — an average of nearly 55 transactions per person during the time period. EarnIn lent more than $300 million and collected more than $16 million from Colorado users in Lightning Speed fees and in tips. Ultimately, the Colorado complaint argues that “EarnIn’s Cash Outs are loans under Colorado law, and EarnIn’s contention that its product is not a loan based on its disclaimer of any legal repayment obligation lacks any real-world significance given how the Cash Out transactions actually operate in practice.” Colorado further argues that “EarnIn was not working with companies here in providing consumers with funds but acted as a third-party lender and charged illegally high rates, used deceptive design strategies to extract some charges, and trapped consumers in repeat borrowing. Colorado will continue to stand up for consumers and hold companies accountable when they violate our credit laws or attempt to evade them through misleading practices.” Colorado’s suit alleges EarnIn assesses finance charge in excess of that permitted by Colorado law, that EarnIn failed to make legally required disclosures to Colorado borrowers, that EarnIn made supervised loans to consumers without obtaining the requisite license, that EarnIn violated the state’s Deferred Deposit Loan Act, that EarnIn engage in unfair and deceptive trade practices, and that EarnIn made false or misleading statements concerning price. The suit seeks a court order enjoining EarnIn from violating relevant Colorado laws, for EarnIn to refund amounts charged in excess of state law, fees, costs, and penalties, and other relief the court deems to be just. Fintech Business Weekly is made possible by the generous support of paying subscribers — bringing you independent analysis of banking, fintech, and crypto without fear or favor. You can support my work by becoming a paying subscriber if you aren’t already. Paying subscribers enjoy: access to the entire archive of nearly six years of newsletters extended versions of the weekly newsletter, with additional content and analysis and (for founding member tier) quarterly personal 1:1 fintech Q&A / strategy calls with me, tapping into my unparalleled knowledge of the intersection of banking and fintech and experience working in the sector, including helping to launch Goldman Sachs’ retail bank Marcus Support Fintech Business Weekly You can also support Fintech Business Weekly by sponsoring a newsletter or podcast, putting you in front of 93,000+ of the most influential decision makers in banking, fintech, and crypto. Learn more about sponsor opportunities or request a media kit by dropping me an email. Q2 Quarterly Banking Profile: Five Quick Takeaways The FDIC released its quarterly banking profile, which is always worth a read, for the second quarter. The profile provides an aggregate snapshot about the overall health of the 4,238 institutions whose deposits are insured by the FDIC, who, collectively, hold more than $26 trillion in assets and saw a total net income of more than $90 billion in the second quarter. Net income was up 12% vs. Q1 2026, with lower provisions and realized gains on securities helping to drive the improvement, somewhat offset by increases in non-interest expense and applicable income taxes. Overall net interest margin was basically flat quarter over quarter (up 1 basis point vs. Q1 2026), though community banks saw NIM grow by 10 basis points, to 3.81%. Unsurprisingly, given that interest rates haven’t changed, unrealized losses on securities changed little, edging up slightly to $326.7 billion vs. $325.1 billion in Q1 2026. Aggregate credit quality has remained benign, with asset quality actually improving slightly in Q2. Overall, institutions reported a 9 basis point decline in their past-due and non-accrual rate, to 1.44%. Net charge off rate also declined by 2 basis points, to 0.57%. And finally, the FDIC’s deposit insurance fund stands at $161.1 billion, making the DIF reserve ratio 1.48% — above the statutory minimum of 1.35%, but still below the designated target reserve ratio of 2%. [Paid Subscriber Exclusive] Nissan Withdraws ILC App, State Associations Plan BankChain Alliance, FDIC Defines “Unsafe or Unsound Practice” For First Time Automaker Nissan withdrew its application to charter a Utah industrial loan company and its corresponding application to the FDIC for deposit insurance last week, on August 19th. Nissan’s application had been outstanding for more than a year, as it originally applied in June 2025. Recent applications to the OCC to form national banks have been decisioned, one way or the other, substantially more quickly than has historically been the case.
Gaylord — you never check in, but still pay
I go to a lot of conferences, often in beautiful cities I never actually see. Friends hear where I’ve been and ask depressing questions like, “Did you visit the famous museum?” No. I saw Ballroom C, the lobby bar and took out a loan to buy a Caesar salad. Having experienced some of the world’s […]
RB Leipzig set to sign Morocco international from Roma
RB Leipzig have agreed a deal to sign Neil El Aynaoui on loan from AS Roma, according to Sky Germany.The two clubs reportedly reached a verbal agreement on Saturday night, with Leipzig set to pay €4...
Sky Sport: Fulham in talks for Matias Soule
Matias Soule could be the next one in line to depart Roma.After Neil El Aynaoui – who is set to join RB Leipzig on loan – the Argentine winger could make way for another attacker.As is well known,...
Small Business Energy Opportunity Hearing Scheduled September 2
SBA announces 90% loan guarantee for small businesses in energy sector. Learn about new funding opportunities and Wednesday committee hearing details.
Federal Rule Change Denies Immigrant Businesses Access to Guaranteed Loans
Businesses owned by immigrants, including green card holders, have been deemed ineligible for federal Small Business Administration loan support. Commercial corridors across the country are already feeling the effects of this ill-conceived policy change.
The Best Ways For Small Business Founders To Fund Their Start-Ups
There are plenty of sources of capital, including bank loans, some SBA guaranteed. But for first-time entrepreneurs, the best choice is often their own bank accounts.
Tottenham land Marmoush from Manchester City
Tottenham Hotspur continued their summer binge when they signed Egyptian striker Omar Marmoush on loan from Manchester City.The 27-year-old joined on a season-long loan but Tottenham said that "the deal includes an obligation to make the move permanent next summer".
Marmoush joins Spurs on loan
Tottenham Hotspur have completed the signing of Omar Marmoush from Manchester City on a season-long loan, with the deal including a reported £60 million obligation to make the move permanent next sum...
Arrest report: Suspect accused of vandalizing political signs caught on hidden camera
KSNV NBC Las Vegas covers news, sports, weather and traffic for the Las Vegas, Nevada area including Paradise, Spring Valley, Henderson, North Las Vegas, Indian Springs, Sloan, Searchlight, Laughlin and Nellis AFB.
SBA seeks to redefine small business, with some revenue caps reaching $1 billion
Critics warn that dramatically higher thresholds could leave the smallest firms competing against far larger rivals for federal contracts and loans
White House withholding $289 million of small business loans
The Trump administration is withholding $289 million appropriated by Congress for loans to small businesses. The elimination came through an executive order last year, with President Trump saying the program was "woke" and promoted "gender extremism" and "climate radicalism." NBC News senior financial reporter Gretchen Morgenson details the reasons for the pause and how damaging the move could be for Main Street.
Trump Administration Wants Billion-Dollar Businesses to Qualify as ‘Small’
Higher revenue and employee limits for small businesses that get federal contracts and loans could disadvantage the smallest companies, their owners say.
University of Miami names new interventional radiology chair
Stephen Solomon, MD, joins the institution after previously serving as IR chief at the New York-based Memorial Sloan Kettering Cancer Center and a professor with Weill Cornell.
British Business Bank’s small business loans hit £4bn
Executive pay jumps at the state-owned bank amid questions over its underwriting of commercial banks’ lending
Köln still confident of signing Tottenham youngster
For some time now, 1. FC Köln have been in agreement with Mikey Moore over a one-year loan move from Tottenham, but the deal has yet to be completed.According to reports, Moore has not yet been given...
Disaster loans available for businesses impacted by Spring freeze
HARRISBURG, Pa. (WHTM) — Business and nonprofits impacted by the Spring freeze earlier this year can now apply for federal disaster loans. The Small Business Administration announced this week that bu...
Analysis: Tigers show tenacity and talent
Since Hull were relegated from the Premier League in 2017, they have been down to League One and back before beating Middlesbrough 1-0 in the Championship play-off final to seal promotion last season. Slater, who joined the club initially on loan from Sheffield United in League One - and only cost £50,000 when he signed permanently - swung in a ball for Mendy - a £20m-plus purchase from Rayo Vallecano - to power in a header past Lammens. Sergej Jakirovic, the first manager in the Premier League from Bosnia-Herzegovina, will not let his Tigers get too carried away after being written off as relegation candidates by many on the eve of the campaign.
Historic redlining continues limiting healthy food access, study finds
Bad housing, high crime and poor schools are more important than transportation or income when it comes to accessing healthy food in neighborhoods historically subjected to "redlining" - the now-illegal practice once used to refuse loans, insurance or mortgages to people in certain neighborhoods that were disproportionately inhabited by racial and ethnicity minorities.
SBA proposes overhaul of small business size standards, expanding eligibility
The SBA proposed new small business size standards that could expand eligibility for loans, contracting and federal programs.
Trump’s war on woke leaves almost $300 million in small-business loans in limbo
Congress appropriated funds to help America’s small businesses. The administration won’t release the money.
Official | Jordan James joins Wolves on loan
Having spent the last season on loan at Leicester City, Jordan James (22) has once again returned to the EFL Championship, this time signing for Wolverhampton Wanderers. James joined Stade Rennais fr...
Wolves sign Wales midfielder James on loan
Wolves sign Wales international midfielder Jordan James from French club Rennes on loan with an option to buy at the end of the season.
Guggenheim’s beaten-down loan whipsaws as lenders digest call
Executives steered clear of details about the wide-ranging probe into Mark Walter’s business empire.
Small businesses affected by Boyle Heights warehouse disaster can apply for federal assistance
The U.S. Small Business Administration approved California's request for a disaster declaration, making loans available to eligible small businesses, private nonprofit organizations, including faith-based organizations, that experienced financial losses directly related to the fire.
Amid federal scrutiny, Dodgers owner Mark Walter’s empire shifting billions
The filings offer a window into the finance mogul’s sports and business empire and reveal a loan tied to the MLB club has been paid off.
Governor Newsom secures federal disaster assistance for small businesses impacted by Boyle Heights warehouse fire
What you need to know: Governor Gavin Newsom today announced that low-interest federal disaster loans are now available to help small businesses and private nonprofit organizations recover from economic losses caused by the 2026 Los Palos incident, also known as the Boyle Heights warehouse fire, in Los Angeles. SACRAMENTO – Governor Gavin Newsom today announced that the […]
Walter’s insurer to slash scrutinized loans by $6.5 billion
The move whittles down the more than $20 billion of loans that insurers controlled by Walter previously said should have been labeled as affiliated but weren’t.
‘Buy Now, Pay Later’ Lenders Pitch Loans for Needs Like Electricity and Rent
The rapid growth of pay-later loans raises questions about whether their popularity is driven by consumer preference or desperation.
Badiashile: Chelsea defender set for Napoli medical
Multiple sources claim that Chelsea defender Benoit Badiashile will undergo medical tests with Napoli tomorrow.Chelsea defender Badiashile is on the verge of joining Napoli on loan and will undergo me...
‘I Hate Losing’: Walter Rushes Makeover as DOJ Probes His Empire
The CEO of Guggenheim Partners and owner of the LA Dodgers flipped the Lakers within a year and has explored other steps to pay down loans from his insurers.
Exclusive | Prosecutors Focus on Four Businesses Tied to Dodgers Owner Mark Walter
Proceeds from loans made by Walter’s insurers passed through firms purportedly controlled by each of these four entities.
Urban Chamber names Intermountain Health nonprofit of the year at Green Tie Awards
KSNV NBC Las Vegas covers news, sports, weather and traffic for the Las Vegas, Nevada area including Paradise, Spring Valley, Henderson, North Las Vegas, Indian Springs, Sloan, Searchlight, Laughlin and Nellis AFB.
FBI arrest Lawrence mayor for allegedly misusing COVID-19 small-business loans
The FBI has arrested the Mayor of Lawrence, Massachusetts, Brian Depena, for allegedly misusing $1.5 million in COVID-19 small-business loans.
Lawrence mayor faces federal charges, accused of misusing COVID business loans
Lawrence Mayor Brian DePeña was arrested Friday morning on federal charges alleging the misuse of COVID business loan money.
Your Business Loan Was Denied. The Most Important Answer Isn't in the Rejection
Banks won’t volunteer the reason for a denial, but there’s a way to get that information from them, and all it takes is one letter.
Young, Loeffler pitch expanded small business lending during Indiana visit
Todd Young and SBA chief Kelly Loeffler pitched higher federal loan limits and other policies to help Indiana farmers and small businesses.
$5 billion science research bond clears California Assembly committee
The California Assembly Appropriations Committee voted Thursday to advance a UC-sponsored bond measure that would fund scientific research across the state. The California Science and Health Research Bond Act – or Senate Bill 895 – would create the California Foundation for Science and Health Research to award $5 billion in grants and loans to public and private research institutions, including UC campuses.
Is the World Bank Ready for a Bigger Role in Global Health Financing?
The global health architecture is facing a financing crisis. Various proposals have been put forward, including an IDA Health Window—a ring-fenced fund at the World Bank for countries to seek support for financing their health systems. But could the World Bank absorb and effectively channel a greater share of health financing in the future? As the largest and most influential multilateral development bank, it is an attractive option: it works directly with country governments, provides financing through national budgets, offers both loans and grants, and supports investments across sectors based on country demand.
Consumer Debt Data Shows ‘Overall’ Health Amid Persisting Divides
Homeowners with low fixed-rate mortgages lead a resilient picture of the economy. But many consumers are frustrated with declining real wages and other loans.
CBA Profit Tops Estimates as Home and Business Lending Grows
Commonwealth Bank of Australia’s full-year profit topped estimates as lending grew in its key businesses of mortgages and loans to companies.
‘We are professionals’: Coalition of Public Service and Health Care Unions Sue to Block New Department of Education Student Loan Rule That Will Hurt Patient Care and Worsen Staffing Crises
WASHINGTON – A coalition of unions representing hundreds of thousands of public service and health care workers filed a lawsuit this week challenging the Department of Education’s new RISE rule.
Agency offering disaster loans to businesses
The U.S. Small Business Administration has announced the availability of low-interest federal disaster loans for eligible small businesses and private nonprofit organizations impacted by ongoing drought in areas of the
'A great deal'
Tom: Heard incredibly positive things from Sheffield Wednesday fans about the season he spent on loan there. Alexander: He is a great signing - a proven player originated from Manchester City. New senior squad players are noticeably at the younger end of the spectrum.
Lyon’s Enzo Molebe to be loaned to Lausanne-Sport
Olympique Lyonnais’ Enzo Molebe (18) is set to join FC Lausanne-Sport, according to reports in L’Équipe. A deal in the form of a loan without an option to buy has been negotiated between the two ...
Villa interested in Endrick loan
Aston Villa interested in Endrick loan, Harry Kane expected to extend Bayern Munich deal and Arsenal make Bradley Barcola contact, plus more.
Low-interest disaster loans available to area small businesses, nonprofits
Local small businesses and nonprofits impacted by severe storms July 4 may apply for low-interest federal disaster loans to offset economic losses
Auto loan refinancing: How it works and when it could save you money
Explore how auto loan refinancing works, when it makes financial sense, and how preapproval options can help lower your monthly car payments.
Transfer of student-loan accounts to Treasury takes key step forward
The Treasury announced new steps to take over the management of defaulted student loans, including a partnership with new collection vendors.
Senate Hears Small Business Owners as SBA Cuts Loom
Senate committee examines Trump administration's plan to cut SBA budget by 67% and restrict green card holders from federal loans. Hear from entrepreneurs.
Belgian Pro League 2026/2027 Preview: Westerlo
Westerlo are entering another season in which they have sold their top scorer for a big fee and have signed a young forward to replace him. Norman Bassette joins on loan from Coventry and Westerlo fan...
Business Restructuring Review Vol. 25 No. 4 July-August 2026
In This Issue New York Bankruptcy Court: Premature Allegations of Creditor Mistreatment Insufficient to Deny Chapter 15 Recognition of Foreign Restructuring Proceeding In In re ARD Finance, S.A., No. 25-12794 (MG), 2026 WL 817458 (Bankr. S.D.N.Y. Mar. 25, 2026), the U.S. Bankruptcy Court for the Southern District of New York was presented with a petition seeking chapter 15 recognition of Luxembourg's recently enacted bankruptcy law governing judicial reorganization proceedings. The court granted the petition, turning aside challenges to recognition voiced by a creditor group arguing that recognition should be denied based upon allegations of unfairness to creditors in the Luxembourg proceeding that would make recognition manifestly contrary to U.S. public policy. According to the bankruptcy court, recognition was warranted because: (i) the rules and procedures governing the proceeding under Luxembourg law were fundamentally fair; (ii) the petition otherwise satisfied chapter 15's recognition requirements; and (iii) the creditor group's allegations were premature, given the fact that the Luxembourg court presiding over the debtor's restructuring proceeding had not confirmed a restructuring plan, and all creditors had the right to participate fully and voice their objections in the proceeding (including the right to appeal an order approving a plan). [read more …] Florida Bankruptcy Court Examines Scope of Discovery in Chapter 15 Cases In In re Banco Master, S.A., No. 25-24568-SMG, 2026 WL 931729 (Bankr. S.D. Fla. Apr. 6, 2026), the U.S. Bankruptcy Court for the Southern District of Florida granted in part and denied in part post-recognition motions filed by an insider of a foreign debtor seeking to bar or limit discovery sought by the debtor's foreign representative concerning allegedly voidable transfers involving the debtors' U.S. real property. According to the court: (i) although chapter 15 includes its own discovery provisions among the relief that may be granted to a foreign representative, the expansive discovery available in cases under other chapters of the Bankruptcy Code is also available in chapter 15 cases; (ii) the discovery sought by the foreign representative was permissible; (iii) discovery regarding matters that were the subject of a pending adversary proceeding had to be undertaken under the more restrictive rules applicable to such proceedings; and (iv) a discovery request would be barred to the extent that it sought production of documents or testimony from a subpoenaed entity that exceeded the geographic limitations specified in such rules. [read more …] Delaware District Court Affirms Chapter 15 Recognition Order Enforcing Nonconsensual Third-Party Releases In U.S. Int'l Dev. Fin. Corp. v. Credito Real S.A.B. de C.V. SOFOM, E.N.R. (In re Credito Real S.A.B. de C.V. SOFOM, E.N.R.), 677 B.R. 192 (D. Del. 2026), appeal filed, No. 26-2356 (3d Cir. June 5, 2026), the U.S. District Court for the District of Delaware affirmed a bankruptcy court order granting chapter 15 recognition to a Mexican "concurso mercantile" proceeding and enforcing nonconsensual third-party releases approved by the Mexican court. Agreeing with the bankruptcy court that the releases were not manifestly contrary to U.S. public policy, the district court concluded: "It is well settled that U.S. bankruptcy courts can give effect to foreign orders in recognized foreign proceedings pursuant to the authority granted in Chapter 15, even when those orders contain relief unavailable under U.S. law. [The appellant's] arguments misconstrue the Supreme Court's narrow holding in Purdue, applicable in Chapter 11 cases, as well as the statutory framework of Chapter 15 and its core policy objectives. Accordingly, I will affirm the Enforcement Order." The ruling has been appealed to the U.S. Court of Appeals for the Third Circuit. [read more …] Fifth Circuit: Bankruptcy Court, Not State Court, Had Jurisdiction to Allow or Disallow Administrative Expense Claim In Storey Minerals Ltd. v. EP Energy E&P Co., LP (Matter of EP Energy E&P Co., LP), 169 F.4th 609 (5th Cir. 2026), the U.S. Court of Appeals for the Fifth Circuit affirmed lower courts' rulings disallowing a creditor's administrative expense claim. It also rejected the creditor's argument that, because the claims were predicated on state law, a state court should adjudicate the merits of the state law causes of action before the bankruptcy court could allow or disallow the claim as an administrative expense. According to the Fifth Circuit, even though the causes of action were based on state law, the bankruptcy court had jurisdiction to determine whether the creditor's claims should be conferred with administrative expense priority in the debtors' chapter 11 case. [read more …] New York Bankruptcy Court: Dismissal of Involuntary Chapter 11 Case Filed Prior to Commencement of Foreign Restructuring Proceeding Unwarranted In In re Xinyuan Real Estate Co. Ltd., No. 25-10745 (PB), 2026 WL 592250 (Bankr. S.D.N.Y. Mar. 3. 2026), the U.S. Bankruptcy Court for the Southern District of New York considered the bona fides of an involuntary chapter 11 petition filed by certain holders of U.S. dollar-denominated notes against a holding company for a group of Chinese property development companies that filed a restructuring proceeding in the Cayman Islands after the noteholders filed the involuntary chapter 11 petition. The court denied the debtor's motion to dismiss the chapter 11 case. Given the timing of the filing of the Cayman Islands restructuring proceeding, the absence of any progress in the proceeding for seven months, the debtor's need to restructure notes governed by U.S. law, and the debtor's lack of any meaningful contacts to the Cayman Islands, dismissal of the chapter 11 case was unwarranted under the applicable provision of the Bankruptcy Code, international comity, or the doctrine of forum non conveniens. [read more …] Bankruptcy Court Evaluates Trustee's Authority to Sell Avoidance Actions and Right of Target Defendants to Object In In re Law Enf't Officers Sec. Union, No. 24-70277-JAD, 2026 WL 560452 (Bankr. W.D. Pa. Feb. 27, 2026), a chapter 7 trustee sought court approval to sell certain avoidance actions to a creditor of the debtor's estate. Potential targets of the subject avoidance actions objected, arguing that such claims were nontransferable powers of the trustee rather than saleable estate property and urging the court to approve their competing settlement with the trustee. The U.S. Bankruptcy Court for the Western District of Pennsylvania disagreed with the potential defendants, holding that they lacked standing to object to the proposed sale, that avoidance actions are indeed estate property, and that the sale—rather than the settlement—best served the estate's interests. [read more …] U.S. Supreme Court Bankruptcy Roundup in Brief In Keathley v. Buddy Ayers Construction Inc., No. 25-6, 2026 WL 1686028 (U.S. June 11, 2026), the U.S. Supreme Court overturned a Fifth Circuit decision judicially estopping a chapter 13 debtor from asserting a personal injury claim against a construction company because the debtor failed to disclose the claim during his bankruptcy case. In so ruling, the Court held that "[t]he Fifth Circuit erred by artificially narrowing its inquiry to whether the debtor had knowledge of the underlying facts or a potential motive to conceal the claim." It represents the first time that the Court has applied judicial estoppel in the bankruptcy context, although it has suggested in other contexts that it may be inappropriate where an inconsistent legal position resulted from "inadvertence or mistake." Also in June, the Court denied petitions for certiorari in a few notable bankruptcy cases. [read more …] Newsworthy Heather Lennox (Cleveland/New York) (Star Individual), Bruce Bennett (Los Angeles) (Senior Statesperson), Kevyn D. Orr (Washington) (Eminent Practitioner), Gregory M. Gordon (Dallas) (Band 1), Carl E. Black (Cleveland), Corinne Ball (New York) (Senior Statesperson), Brad B. Erens (Chicago), Jeffrey B. Ellman (Atlanta), T. Daniel Reynolds (Cleveland), and Dan T. Moss (Washington/New York) were recognized as leading lawyers in the practice area Bankruptcy/Restructuring in the 2026 edition of Chambers USA: The World's Leading Lawyers for Business. The 2026 edition of Lawdragon 500 Leading Bankruptcy and Restructuring Lawyers ranked the following lawyers: Corinne Ball (New York) (Hall of Fame), Bruce Bennett (Los Angeles), Carl E. Black (Cleveland), Jeffrey B. Ellman (Atlanta), Brad B. Erens (Chicago), Gregory M. Gordon (Dallas), Heather Lennox (Cleveland/New York), Joshua M. Mester (Los Angeles), and Kevyn D. Orr (Washington). Fabienne Beuzit (Paris) and Jasper Berkenbosch (Amsterdam) were among the "Leading Individuals" ranked in the 2026 edition of The Legal 500 EMEA guide in the field of Restructuring and Insolvency or Insolvency. Rodolphe Carrière (Paris) was named a "Next Generation Partner" in the practice area Insolvency. Sid Pepels (Amsterdam) was selected by Global Restructuring Review's 40 under 40 2026. He was identified as a Rising Star within the global cross-border restructuring community. Global Restructuring Review is a leading digital subscription service, news outlet, and information platform dedicated exclusively to cross-border insolvency and corporate restructuring law. Fabienne Beuzit (Paris), Rodolphe Carrière (Paris), and Isabelle Maury (Paris) were recognized in the 2027 edition of The Best Lawyers in France™ in the practice area Insolvency and Reorganization Law. An article written by Corinne Ball (New York) titled "Comity and Fairness are Critical to Granting Additional Assistance under Chapter 15: A Canadian Reverse Vesting Order and Related Releases in Proceedings Involving Canadian and U.S.-Affiliated Companies Are Approved" was published in the June 24, 2026, edition of the New York Law Journal. An article written by Caitlin K. Cahow (Detroit) titled "New York Bankruptcy Court Weighs In on Adequate Assurance of Future Performance under Assigned Leases and Chapter 11 Plan Exculpation Provisions" was published on June 8, 2026, in Lexis Practical Guidance. An article written by Trisha L. Mowbray (Real Estate; Chicago) and Ryan Sims (Washington) titled "Chapter 11 Plan that Abridged Non-Debtor Lessee's Rights to Remain in Possession After Rejection Unconfirmable as Having Been Proposed in Bad Faith" was published on June 16, 2026, in the Harvard Law School Bankruptcy Roundtable. An article written by Dan T. Moss (Washington/New York), Corinne Ball (New York), Isel M. Perez (Miami), and David S. Torborg (Washington) titled "Texas Bankruptcy Court Adopts Barnet Rule Requiring Foreign Debtor to Have U.S. Assets to Be Eligible for Chapter 15 Relief" was published on June 10, 2026, in Lexis Practical Guidance. An article written by Daniel J. Merrett (Atlanta) and Nathaniel Parr (Atlanta) titled "Southern District of Texas Clarifies Post-Purdue Course for Consensual Third-Party Releases and Gatekeeping Provisions" was published on June 11, 2026, in Lexis Practical Guidance. An article written by Corinne Ball (New York) titled "LMEs, Sophisticated Investors and Equitable Mootness: The Fifth and Third Circuits Warn Against Testing the Limits of Chapter 11" was published in the June 2026 issue of the American Bankruptcy Institute Journal. Nicholas J. Morin (New York) was quoted in an article titled "Serta Ruling Offers Damages Road Map in Lender-on-Lender Disputes," published by Bloomberg Law on July 7, 2026. The article discussed U.S. Bankruptcy Judge Christopher Lopez's July 7, 2026, ruling that participating lenders in Serta Simmons Bedding's 2020 non-pro rata uptier exchange breached the credit agreement's ratable-sharing provision, and awarding excluded lenders more than $261 million in damages. The opinion resolves six years of litigation related to Serta's 2020 transaction, where it raised $200 million in new financing and exchanged $1.2 billion of term loans for $875 million in superpriority debt. Judge Lopez found that the debt-for-debt exchange constituted a "payment" under the credit agreement, requiring proportional sharing among lenders, and dismissed various defenses raised by the participating lenders. The case is Serta Simmons Bedding LLC v. AG Centre Street Partnership (In re Serta Simmons Bedding LLC), 2026 WL 1968535 (Bankr. S.D. Tex. Jul. 7, 2026). The New York Law Journal has recognized Andrew M. Butler (New York) as a 2026 "Rising Star" in Restructuring/Bankruptcy as part of the New York Legal Awards. The Rising Star category recognizes New York's most promising lawyers age 40 and under who have distinguished themselves through exceptional legal work, leadership, and contributions to the profession. Lawyer Spotlight: Daniel J. Merrett Dan Merrett, a partner in the Atlanta Office, has spent nearly 20 years representing all manner of stakeholders in complex corporate restructurings and chapter 11 reorganizations. His practice extends to related transactions and disputes involving acquisitions; divestitures; credit facilities; securities; environmental obligations; and vendor, employee, and governance matters. Dan has substantial experience managing mass tort liabilities, including the restructurings and related chapter 11 cases of affiliates of Georgia Pacific and Johnson & Johnson, implemented to resolve asbestos and talc liabilities. He also represents key parties in energy and infrastructure matters, including facility owners, EPC contractors, and joint-venture parties. Dan was a key player in the restructuring teams in the historic bankruptcies of the City of Detroit and Chrysler. His other significant representations in chapter 11 cases include AFA Foods, Alpha Natural Resources, Dana Corporation, M&G Chemicals, McDermott International, Monster/CareerBuilder, Transtar Industries, and Westinghouse. He is licensed in both the United States and England & Wales and recognized in restructuring by Chambers USA and Best Lawyers.
Federal probe of Guggenheim CEO Mark Walter reaches Chicago
Investigators are examining loans involving a little-known Wacker Drive trading firm as part of a broader inquiry into businesses controlled by the Dodgers owner.
Billionaire Agarwal’s Vedanta Unit Seeks Mega Loan After Business Split
A unit of India’s Vedanta Group is raising about 135 billion rupees ($1.4 billion) from at least three banks, the first large local-currency loan since the conglomerate controlled by billionaire Anil Agarwal was split into separate firms, according to people familiar with the matter.
Answer Man: Helene Business Recovery Fund borrowers facing skyrocketing rates? Messy I-26 median?
Today’s round of questions, my smart-aleck replies and the real answers: Question: You should look into the disaster bridge loans a lot of people took out through Mountain BizWorks and the Golden Leaf Foundation after Helene. These were loans with a 1 percent interest rate for 12 months, which was later extended to 24 months. […]
She graduated college with no student loans by flipping used clothes
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Cherokee Nation Commerce Services Innovation Hub's Funding Your Business
August 4: Funding Your Business | Loans & Opportunity ZonesThere’s still time to register! Explore financing opportunities available through Cherokee Nation Commerce Services and learn how Opportunity Zones may support
Debt Digest | Federal Debt is a Health Care Problem
Welcome David Ditch to the Debt Dispatch! We are pleased to announce a new regular contributor: David Ditch will be joining the Cato Institute as a Policy Analyst for Budget and Entitlement Policy later this week. David has more than a decade of experience in fiscal policy issues, with a particular focus on federal spending. He previously worked at the Senate Budget Committee, the Heritage Foundation, and the Economic Policy Innovation Center. David’s areas of expertise include appropriations, transportation, agriculture, federalism, grantmaking, and policy options for deficit reduction. Originally from the Rochester, N.Y. area, David has a BA in Economics and Political Science from the University of Rochester and a MA in Political Management from George Washington University. David currently lives in Arlington, VA. You may have enjoyed his earlier guest posts: CBO: New Highway Bill Has More Spending, Taxes, and Deficits Trump Administration’s Proposed Changes to Federal Grants Highlight Problems of Big Government Here are this week’s reading links and fiscal facts: The federal debt is largely a health care problem. In a new report, the Congressional Budget Office and Joint Committee on Taxation find that “In 2026, federal subsidies for health insurance, net of related payments to the government, are projected to equal $2.4 trillion, or 7.4 percent of gross domestic product (GDP). In CBO and JCT’s projections, those subsidies grow by 65 percent, reaching $3.9 trillion, or 8.4 percent of GDP, in 2036. Subsidies for Medicare contribute most to that overall growth, increasing by $900 billion. Over the entire 2026–2036 period, federal subsidies for health insurance total $33.6 trillion.” Cato’s Michael Cannon emphasizes, “The long-term federal debt problem is a health care problem. […] Only two categories of federal outlays will grow faster than gross domestic product (GDP): health care subsidies and interest payments on the debt. The former is, therefore, the primary driver of the latter.” The bond market fears deficits, not the loss of tariff revenue. Responding to a New York Times essay claiming tariff revenue has grown too important for a future administration to unwind, Cato’s Kyle Handley argues: “Bond investors are not attached to customs duties as a line item revenue source. They care about the government’s overall fiscal position.” He continues, “tariff revenue is a side hustle. And the Trump administration has already promised to dole out the funds through schemes like tariff dividend rebates, farm subsidies, and pay-fors on tax cuts or other spending.” Furthermore, “tariff revenue is simply not large enough to transform the government’s fiscal trajectory.” Take net interest for example: it “reached $970 billion in fiscal year 2025, absorbing 18.5 percent of federal receipts. Customs duties accounted for only 3.7 percent of receipts—and that was before refunds (see Figure 2).” Handley concludes, “The real bond-market concern is a large and growing interest bill, persistent budget deficits, and a political system unwilling to bring spending and revenue into alignment.” Medicare’s spending growth is driven by more volume and utilization. A Congressional Research Service report finds that Medicare spending “grew at an average annual rate of 7.3%” from 1985 through 2025, and the trustees project health care expenditures will keep rising “faster than gross domestic product (GDP) in most future years.” Citing CBO, the report attributes Medicare’s projected 2026–2036 spending growth to “23% from higher enrollment, 31% from inflation, and 47% from the growth of inflation-adjusted spending per beneficiary. In other words**, the largest single driver of Medicare spending growth during the next decade is expected to be higher volume and intensity of health care services.”** Boccia and Thakur explain: “as the economy grows, Medicare spending tends to grow at least as fast—and often faster—because the program automatically pays the bill for more and more healthcare consumption by seniors, even as prices rise.” The Fed has little control over market interest rates. Cato’s Jai Kedia documents that the Fed has held its rate target steady since December, yet “nearly every rate Americans actually borrow at has climbed over the same stretch.” Kedia continues, “The Fed did nothing, and the cost of credit went up anyway. […] Markets spent these months repricing macroeconomic events such as sticky core inflation, a volatile energy market driven by the conflict in the Middle East, and global trade disrupted by tariffs, among others. None of that required a policy change to show up in borrowing costs because markets, not the FOMC, set prices.” He concludes, “Accurately priced borrowing rates will come from credible disinflation and disciplined budgets and from a Fed content to follow the economy rather than pretend it leads it.” Nearly half of US farm income comes from taxpayers. Former Reagan OMB director David Stockman notes that “in the most recently completed full year (FY 2025) farmer incomes in the US totaled $97.8 billion, but fully 42.7% or $41.8 billion of that amount came from taxpayers, not the marketplace. Nor is this some kind of one-year aberration. If we look at the most recent decade as a whole, total farm income posted at nearly $708 billion, but, as indicated, fully $322 billion or 45% of this came compliments of US taxpayers.” Cato’s Chris Edwards explains why so little of that income is market-earned: “Farmers are businesspeople, but the government shields them from just about every type of weather and market risk. Furthermore, just about every part of the agricultural industry is subsidized, including insurance, loans, marketing, research, export sales, and land improvements.” The Debt Dispatch is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Subscribe
Why This Business First Insider Sale Matters Less Than Second-Half Loan Growth And Deposits
Keith Mansfield's transaction reduced his direct equity stake by 5%, though he retains 77,139 shares and 13,374 restricted stock units vesting through 2029.
Small-Business Owners Put Millions Into “Good Faith Accounts.” He Bought a Yacht
Small-business owners transferred millions of dollars to William Thomas Engle after he promised to help them obtain large commercial loans and assured them that their ... Read More
A Courthouse Employee Got $41,250 for a Business That Didn’t Exist, She Won’t Go to Prison
A former Illinois courthouse employee admitted obtaining $41,250 in Paycheck Protection Program loans for a remodeling company that investigators said did not exist. Erica L. ... Read More
Southlake man gets 9 years in prison for $8M business loan scheme
A former Southlake attorney was sentenced to nine years in federal prison for defrauding small-business owners seeking multimillion-dollar loans.
U.S. Small Business Administration offering up to millions in loans for summer storm damage
Homeowners, business owners, and nonprofit leaders who have been impacted by the summer’s severe storms and tornadoes are eligible for up to millions of dollars in loans to fix up their damaged properties.
How a Houston contractor is using her business to open doors for single moms in the trades
Sandra Lopez built a successful contracting company while creating opportunities for single mothers and people new to the trades. Now, a LiftFund loan is helping her grow even more.
Department of Development helps woman-owned business expand
The ODOD provided $97,106 in loans.
Business Briefs: July 31, 2026
Greenfield Savings Bank welcomes new first vice president, commercial loan officer GREENFIELD — Greenfield Savings Bank recently announced that Douglas Gilbert has joined the bank as first vice president, commercial loan officer. Gilbert brings more than 30 years of banking experience and a strong background in accounting and commercial lending. “We’re excited to welcome Doug […]
3 in 4 small business owners recently used their own credit card for business expenses
Bluevine reports that 75% of small business owners have used personal credit for expenses, highlighting gaps in financial knowledge that affect loan approvals.
Grand Rapids lands $1M to revive struggling business corridors
Grand Rapids will receive $1 million from the state to create low-interest loans that help small businesses renovate storefronts, fill vacancies and grow.
SAVE borrowers contend with skyrocketing student loan repayments
Jessica Marquez and her husband had hoped to have another child. But now her monthly student loan payment expected to nearly triple.
The Small Business Administration is offering new grants and up to $10 million in financing
The SBA is providing more financial resources, particularly grants, guarantees, and loans for a variety of business uses.