Two payday-lending groups are suing the Consumer Financial Protection Bureau to stop implementation of an Obama-era rule they argue would devastate their business model.

The Wall Street Journal reports that the Community Financial Services Association of America and the Consumer Service Alliance of Texas filed suit against the CFPB in federal court in Texas.

At issue is a rule that would require payday lenders to verify that borrowers can afford debt before approving financing; it also would put…

The more than 1,500 local finance and investment professionals of the Atlanta Society of Finance and Investment Professionals (ASFIP) agree that for any individual or family to be successful, they need a basic understanding of budgeting, banking and credit transactions, and saving and investments.

The need to improve financial literacy in the Atlanta metropolitan area is a learning objective that crosses generations and demographic groups, and the ASFIP is stepping forward to lead the conversation…

Venture investors made bigger bets on a smaller number of startups in the Bay Area again in the first quarter.

The $11.9 billion invested in the first three months of 2018 in the region was the second highest amount in more than a decade, according to a report from PitchBook Data and the National Venture Capital Association. But the number of deals in the region dropped to 404, the lowest level since 2010.

That's a 62 percent increase in funding, compared to last year's first quarter, despite a…

It’s not enough for investment bankers, attorneys and accountants working on mergers and acquisitions to know the financial and legal implications of pending deals.

Optimism among Alabama’s business owners continues to grow.

That’s according to PNC’s semi-annual economic outlook survey.

According to the survey, which takes a look at hiring, pricing, sales and other economic trends for the state’s small and mid-size business owners, optimism is high across all categories

The survey says 49 percent of respondents describe their outlook for the national economy as optimistic in spring 2018 – a significant increase compared to 32 percent in the fall…

First Tennessee Bank and Capital Bank have made a multibillion-dollar commitment to low-to-moderate-income communities across its footprint.

The two banks — which fall under the umbrella of Memphis-based First Horizon National Corp. — announced Tuesday, April 10, plans for a five-year, $3.95 billion community benefit plan. That commitment will be made possible via lending, grants and investments and is 10 percent of First Tennessee’s post Capital Bank merger assets.

“Our company is dedicated…

Never before has politics played such an important role in site selection and the attraction of jobs and investment across the country, John Boyd says. Those members of Congress are vital to automakers in terms of trade, tax and infrastructure policy, he adds.

Venture capitalists continue to write big checks to fewer startups.

According to a new data report from PitchBook and the National Venture Capital Association (NVCA), 1,683 venture-backed companies raised $28.2 billion in funding during the first quarter (1Q) of 2018. This is the highest amount of capital deployed in a single quarter since at least 2006.

It is also the fourth consecutive quarter where more than $20 billion has been deployed. The downside is that more than one-quarter of the total…

After the deals, TBK Bank’s parent will have one of the largest footholds in Colorado, which is attracting plenty of interest from North Texas banks looking to buy firms there in hopes of capitalizing on the growing economy.