Mortgage Blog

Equifax Inc. (NYSE: EFX) said Thursday that its 2017 cybersecurity breach effected an additional 2.4 million U.S. consumers that had not been previously identified.

Equifax said the company has confirmed the identities of U.S. consumers whose partial driver's license information was taken.

“Through these additional efforts, Equifax was able to identify approximately 2.4 million U.S. consumers whose names and partial driver's license information were stolen, but who were not in the previously…

Equifax Inc. (NYSE: EFX) said Thursday that its 2017 cybersecurity breach affected an additional 2.4 million U.S. consumers that had not been previously identified.

Equifax said the company has confirmed the identities of U.S. consumers whose partial driver's license information was taken.

“Through these additional efforts, Equifax was able to identify approximately 2.4 million U.S. consumers whose names and partial driver's license information were stolen, but who were not in the previously…

Local financial services firm Avondale Partners is selling to Louisville-based competitor Hilliard Lyons, the companies announced Thursday.

The deal — terms of which were not disclosed — will give Avondale's wealth management team access to a broader range of planning services to offer their clients, while giving Hilliard access to Avondale's team of health-care-focused investment bankers, according to Avondale CEO Pat Shepherd.

As exhibited in the city's banking industry, locally held players…

It's a delicate balance between leading with confidence and leading with collaboration.

When signs of fraud appear on a customer’s account, such as a counterfeit check or an unauthorized withdrawal, a bank is required by law to investigate whether criminal activity has occurred. Wells Fargo had a simpler solution, according to a former employee: Close the account and drop the customer.

Nearly four months after CEO Ashton Poole told analysts that Triangle Capital Corporation (NYSE: TCAP) would be exploring “strategic alternatives” and possibly a sale, no deal has been made.

The company disclosed its latest earnings report Wednesday.

“Our Board continues its exploration of strategic alternatives, and we look forward to communicating the results once the process has been completed,” he said in a statement.

Poole said the firm, which made 29 new investments in 2017, continues…

You’ve decided to explore the sale of your business. Now what? The five recommendations listed below are more than worth your time, investment, and consideration.

1. Obtain a valuation

One of the most immediate tasks I insist business owners complete before a sale is actually understanding a real-world, fair-market value estimate for their business. There are several types of valuations, and if you are truly considering a sale, the kind performed by a seasoned deal professional who actually…

Now that the Tax Cuts and Jobs Acts has passed, and the estate tax exemption has been doubled, trusts are no longer advantageous, right? And perhaps, we can look to terminate existing irrevocable trusts, as discussed in “Fixing outdated irrevocable trusts.” The answers are not so simple.

First, revocable trusts have many uses in estate planning, other than to save on taxes, including:

Probate avoidance and savings. Keeping the estate of the trust creator (the settlor) outside of probate. Going…

If you were a peach farmer, would you rather harvest and sell your fruit at the same time as all the other peach farmers in the country, or (assuming you could control this) when peaches are scarcer? Hopefully you’d prefer to sell in a scarce market, where you could be more of a price-setter than a price-taker.

The same idea, the timing of supply and demand, applies to selling a business. Selling when the market is oversaturated with buyers who are flush with capital is better than the alternative.…

After trying to implement a new strategic plan for a year, the company decided it was best to sell.