Personal Finance

Former SEC Chair on expected new rules for SPACs

Former SEC Chairman Harvey Pitt weighs in on the securities regulator reportedly expected to reveal a proposal to tighten its rules on special purpose acquisition companies after a frenzy of recent deals sparked some concerns. 

Small business loan funding surged 27% in 2021: report

Funding for small businesses increased 27% in 2021, according to a report. In some states, the average loan amount topped $1 million. But for some industries, as little as $3,000 was needed to start new businesses.