OnDeck to offer equipment financing to small businesses
The online lender will roll out the business early next year with a focus on loans of less than $100,000.
Retailers
What’s behind rising delinquencies on private-label credit cards
It’s not just weaker underwriting and higher household debt levels that are driving past-due rates to their highest levels in seven years.
By
Andy Peters
Retailers score latest win in fight to allow credit card surcharges
Merchants have been challenging surcharge bans in numerous states on free-speech grounds. They have the wind at their backs following another court victory on Wednesday.
E-commerce, rebuilding disaster areas could drive CRE lending in 2018
Consumers’ desire to shop online is creating huge demand for distribution centers and forcing property owners to think creatively about redeveloping vacant retail space. Meanwhile, hundreds of billions of dollars will be spent rebuilding areas hard hit by hurricanes and wildfires.
By
Andy Peters
Amex will need to convince justices that its rules help consumers
In a surprise move, the Supreme Court will decide whether Amex may bar merchants from steering customers to less expensive card networks. The card issuer will have to prove the consumer gain from its practices outweighs the merchant pain.
Credit card issuers face peril from rise in store closures: Report
Synchrony Financial and Alliance Data Systems are particularly vulnerable to recent shifts in Americans’ shopping habits, according to new research from Moody’s Investors Service.
