A new crowdfunding bill has passed a state senate committee but it’s moving so slow even the pols are getting upset. Mark Binker explains.
Crowdfunding app for the homeless attracts $850,000 in investment
Those who work with the homeless can post profiles of those in need on HandUp pbc and raise funds for items the person indicates they could use. Several major investors like it so much they are paying to make it happen, says Boris Wertz.
Can Christians crowdfund?
The short answer is of course, but there are some considerations those who take their faith seriously need to consider when engaging in a crowdfunding campaign, according to Abigail Miller.
Getting eight politicians to agree on anything is a Herculean feat, but when that many co-sponsor a bill, they are sending a message. Senator Chris Coons is promoting such a strategy throughout the summer. David Drake with analysis.
Big banks may lose their deposit insurance advantage
The FDIC unanimously voted to move ahead with proposals that would take some ability away from the big banks to perform their own calculations on what they should pay for premiums. The public has 60 days to comment. Jesse Hamilton has the details.
Republicans rail against Operation Choke Point
Operation Choke Point targets unscrupulous payday lenders, gambling sites and other suspect groups but cutting off their access to bank payment systems. They believe legitimate business interests are getting hurt, Bloomberg reports.