Over the past few years, consumers have steadily returned to brick-and-mortar stores and spending seems resilient, albeit slowing a bit, even with inflation stubbornly in place. But for the more than 33 million small businesses operating in the United States — employing nearly half of...
Another Fed meeting, another interest rate hike … and more trouble ahead for paycheck-to-paycheck consumers and small to midsize businesses (SMBs). The central bank boosted its benchmark interest rate by 0.25%, and while there may not be more rate hikes on the horizon, or maybe...
August 23, 2023
Cross River Bank has partnered with FinTech platform Current to launch a new credit-building product that will benefit Current’s over 4 million members. The credit-building product will enable Current members to establish or rebuild their credit histories through a single spending balance, the companies said in a Wednesday (Aug. 23) press release. Cross River will issue a […]
