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Small Business

The SBA's Biggest Loan Program Is Supposed to Cost Taxpayers Nothing. Defaults Are Testing That

The 7(a) program backed $37.3 billion in small business loans last year on a promise: run it at zero subsidy, and the taxpayer never pays. A House bill introduced this week is really a demand to see whether that promise still holds.

Check Fraud

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Three Questions, Asked Before the Wire Goes Out

The FBI says scammers now target seniors specifically while they're closing on a home sale, because a wire that size doesn't look out of place. A community bank's fraud chief says the fix starts with three questions asked at the counter.

The Letter Says You're Owed $10.8 Million. You Aren't.

A law firm you've never heard of says a stranger who happens to share your last name died and left behind an unclaimed life insurance policy — worth, almost always, exactly $10.8 million. The FTC re-issued its warning about this letter on July 9. It's not the first time. It won't be the last.

Rates & Inflation

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Benefits

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Small Business

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