Internet Driving the Economy and Helping Small Businesses Grow

Evidence that the Internet has had a profound effect on the way people live and do business is all around us. We can find anecdotal proof in almost everything we do—most people’s lives have been changed indefinitely by the technology that has cropped up in the past several decades. And small businesses, even more so, […]

ACI Blog in Huffington Post: Deficit-Free Economic Stimulation

Congress has it hands full again. With the potential of cutting government spending and raising taxes, most Democrats and Republicans have one thing they can agree on – either option could jeopardize an already weak economic recovery. But there is one win-win solution that can encourage economic investment, help small businesses grow, create jobs, and […]

The Apps Economy and U.S. Jobs

A recent study released by the Application Developers Alliance and the CTIA show that the app economy has created 519,000 jobs since the creation of the economy.  Since the the wide adoption of smartphones such as the iPhone and phones running Android and Windows phone software, the mobile arena has been booming—over 315 million devices […]

ACI Applauds the Conference of Mayors Support for the Credit Union Small Business Jobs Bill

At the 80th Annual Conference of Mayors, held in Orlando Florida this June, the mayors approved a resolution in support of the Credit Union Small Business Jobs Bill.  Our research shows that small businesses would benefit from the bill by providing access to capital, encouraging investment and creating small business jobs.  We appauld the Conference of Mayor for adopting this […]

Lending on the Level-Playing-Field

Warren Stephens’ commentary on “How Big Banks Threaten Our Economy” (WSJ, Opinion, April 30) discusses systemic banking risks and states correctly that “we should promote competition and innovation in the financial industry, not protect an oligopoly.”  However, he misses an important and timely example of how rules are set in favor of banks over potential […]

Be Careful When Crying Wolf

If you have a lick of sense and are in the banking business, you’ll be very careful about attacking small, well-behaved competitors.  The public has not forgotten the banks’ outrageous overdraft fees, the low account balance fees, scams surrounding foreclosures, the unwillingness togive mortgages, and the deeply resented TARP – almost a trillion dollars the […]

The Credit Union Experience – Only for Some?

The Credit Union National Association found that 90 million American individuals enjoyed $7 billion in direct financial benefits from credit unions during the year ending June 2010.  These benefits came as lower loan rates, higher deposit interest, and lower fees than in offered by bank institutions.  Equally valuable, credit unions members experienced the sense of […]

Maybe the Banks Should Support the Credit Union Act

Congress is considering the Federal Credit Union Act, S.2231, which would give small businesses access to much needed capital – approximately $13 billion in additional loans.  This would be accomplished by raising the current cap on small business lending by credit unions from 12.25 percent to 27.5 percent, subject to safeguards and monitoring.  Proponents of […]

JOBS Act

The President is set to sign the JOBS Act today, a bill that has promised to jump start entrepreneurship and investment in startups. Among the many features, this new law would open up a new source of funding for small businesses and entrepreneurs who are looking to raise capital, but have been stonewalled by the […]