Category: Banking and Financial Services

True Access Capital moves forward after rebranding

Earlier this year, the First State Community Loan Fund took a hard look at itself and decided to rebrand. That process, conducted with NuPOINT Marketing, found: Products and services were not linked to the brand; rather they grew up around the brand. There was no cohesive, singular brand message. Their Women’s Business Center brand often…

The Federal Trade Commission has stepped in to halt a student loan debt relief scheme that it claims has bilked $23 million from thousands of consumers with false claims. A federal court temporarily halted the scheme and froze its assets following an FTC complaint seeking to end the practices. The complaint outlines how Mission Hills…

Economic cycles, retail struggles drive bankruptcy case load

By Alex Vuocolo Digital Editor/Senior Reporter Delaware has long been a popular venue for bankruptcy litigation. Lately, though, the U.S. Bankruptcy Court District of Delaware appears to be getting even busier, and the causes are difficult to parse. Between 2017 and 2018, bankruptcy cases filed in the district increased from 2,830 to 3,199. That is…

Proposed U.S. Corporate Transparency Act being watched by LLC community

By Roger Morris Contributing Writer When the Corporate Transparency Act of 2019, sponsored by Rep. Carolyn Maloney (D-N.Y.), was reported out of committee on June 11 for consideration by the full U.S. House of Representatives, nowhere was its progress more closely monitored than in Delaware. The state is well-known for its corporate-friendly environment, with two-thirds…

Are these banking, tech, or fintech jobs? Does it matter?

Are JP Morgan Chase and Capital One tech companies, banks, or fintechs? While the answer is probably “yes” (or all of the above), the better response might be “Does it matter?” I have a great deal of sympathy for the challenge that faced John Taylor, director of economic research for the Delaware Prosperity Partnership. Taylor…

What does the growing presence of financial technology firms such as Acorns, Marlette Funding, College Ave Student Loans and SoFi mean for Delaware? A new white paper on the fintech industry in Delaware is sort of the first draft of how to answer that question. A collaboration between the University of Delaware’s Institute of Public Administration,…

What if you could take the spare change from your coffee runs and automatically invest it towards your retirement? That’s the concept behind Acorns, an investment application with more than 5 million users.  The app scans users’ credit and debit purchases and moves the change from each purchase into a customized portfolio. (Say you spend…

Barclays to move 500 jobs in Wilmington to N.J.

Barclays will reduce its Wilmington workforce by about 25 percent after it moves 500 operations and technology jobs to its new campus in Whippany, New Jersey, by the end of 2019. Employees were told about the decision on Wednesday morning, but many contacted said the announcement has been expected for a few weeks.  The company…