In a social media post, U.S. Treasury Secretary Steven Mnuchin said community banks have helped process many of the small business Paycheck Protection Program (PPP) loans. The relief is meant to support the economy during the worldwide COVID-19 pandemic, CNBC reported. Get the Full Story...
Not content with the $2 trillion in coronavirus relief Congress passed last week, House Speaker Nancy Pelosi (D-Calif.) wants more small business loan funding, additional direct payments to individuals and an extension of enhanced unemployment insurance, CNBC reported. Get the Full Story Complete the form...
It is impossible at this point to write the week in payments (commerce, financial services and technology) without writing about COVID-19. As the United States ends its third week on lockdown and the whole world races to respond to the ongoing epidemic, there is almost no news...
In response to the coronavirus crisis, Japan will provide households with $2,768 as part of its record-setting stimulus package. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
Bank of America has reportedly become the first large bank to be able to take digital applications for the $350 billion small business loan program that is part of the government’s coronavirus relief package. The financial institution’s portal went online at approximately 9 a.m. Eastern...
The U.K. tech lobby is reasserting the need to help EU startups with funding as venture capital money dries up in the wake of the coronavirus pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Short-term rental site Airbnb has lowered its internal valuation to $26 billion, a 16 percent drop, as business continue to be hammered by lockdowns, Reuters reported, citing sources familiar with the matter. Get the Full Story Complete the form to unlock this article and enjoy...
Among the many factors aggravating the coronavirus outbreak in the U.S. is an equipment shortage affecting nearly all corners of the United States — particularly when it comes to the available supply of ventilators, testing materials and personal protective equipment (PPE) like masks, blow shields,...
Treasury Secretary Steve Mnuchin announced shortly after 7 p.m. Thursday, April 2 that the Paycheck Protection Program was live and ready to begin distributing $350 billion to go toward helping small businesses. Get the Full Story Complete the form to unlock this article and enjoy...
