Beware scams where would-be financiers want advance fees before delivering loans. Crains reporter Steve Garmhausen looks at frauds targeting small businesses.
A Long Beach, Calif., veterinary hospital is suing Yelp, saying that the review site wanted money in exchange for removing negative reviews, Robin Wauters reports in TechCrunch (with Yelp’s response). The attorneys in the federal lawsuit are seeking class action status.
James Kwak at the Baseline Scenario dissects an ad JPMorgan Chase took out touting their efforts to lend to small businesses.
That big announcement with Intel and VCs putting up $3.5 billion to fund innovation? It’s not new money, Tomio Geron reports at WSJ’s VC Dispatch.
The FDIC’s Sheila Bair blames large banks for decreasing lending, Binyamin Appelbaum reports in the Washington Post.