Small Business Left Out of Credit Card Reform

  Government and Economy A GM Bankruptcy: Disaster in the Making When it comes to the auto industry, President Obama isn't just ruling on the fate of a single company. A GM bankruptcy could easily devastate the very economy he is attempting to stabilize. BusinessWeek.com Auto Crisis Hits Minority Dealers Hard After years of work to bring minorities into the automobile industry, minority car dealers are now expected to be hit hard as GM and Chrysler make cuts in their retail networks. WSJ.com [Read Full Article]


House Forgets Small Business in Credit Card Reform

  Government and Economy House Forgets Small Business in New Credit Card Reform Bill The Credit Cardholders Bill of Rights, which restricts some aggressive tactics by credit card companies, passed the House but doesn’t apply to small business credit cards even though such cards function the same way consumer credit cards do. BusinessWeek.com Stress-Tests Results Delayed With banks disputing the findings of the recent federal stress tests, the Fed and US banking regulators will now reveal the results on May 7 after the financial markets close. Bloomberg.com [Read Full Article]