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U.S. Household Wealth Falls for Third Consecutive Quarter
A federal reserve report showed that U.S. household wealth fell by $400 billion in the third quarter as a drop in stock prices outpaced gains in real estate values. Household net worth declined to $143.3…
IRS Delays $600 Tax Reporting Rules for Mobile Payment Applications
Earlier in 2022, the IRS announced that users of payment exchange platforms such as Venmo, PayPal, and Zelle would need to file a 1099-K if their annual aggregate transactions exceeded $600. With immense concern leading…
Automotive Dealers’ Market Expectations Fell Below Levels at the Start of the Pandemic
What do you expect the market for vehicles in your area to look like 3 months from now? Automotive dealers’ market expectations fell below levels at the start of the pandemic according to Cox Automotive’s…
Colonnade Advises Security Premium Finance Company on its Sale to National Partners PFco
August 04, 2022 National Partners PFco (“National Partners”), a wholly owned subsidiary of WebBank, announced today it has acquired Security Premium Finance Company, LLC (“Security Premium Finance”). Security Premium Finance is a privately held premium…
Colonnade Advises HouseMax Funding on its Equity Transaction with Hunt Companies, Inc.
July 2022 Colonnade advised HouseMax Funding on its sale of a minority equity stake to Hunt Companies, Inc. to help HouseMax expand its market position. Terms were not disclosed.
