Government and Economy Obama: Financial Sector Will Shrink According to President Obama, the financial sector will make up a smaller part of the US economy as new regulations put an end to what he calls "massive risk-taking." Yahoo.com/Reuters SBA Redefines Small Business to Expand Help The Small Business Administration has temporarily expanded its definition of 'small' to make more loans available to auto dealers, but potential borrowers still face many obstacles before they see the money. CNNMoney.com [Read Full Article]

The National Federation of Independent Business (NFIB) and Visa will be hosting a free online seminar titled Data Security Best Practices for Small Merchants on Wednesday, July 30th, at 2:00 pm Central time. "Hackers and criminals continue to target businesses of all sizes in search of payment card information. Small businesses account for 85% of all reported security breaches. Consumers want to know that the businesses that handle their sensitive personal information -- including their name, address and bankcard account number -- are taking precautions to prevent these crimes." The one-hour webinar will cover recent security breach trends as well as specific actions small business owners can take to protect their business. Topics will include: Payment Card Industry Data Security Standard (PCI DSS) Data security best practices for small businesses Tools you can implement to reduce risk  You will need t... [Read Full Article]