Economy

Economy
After COVID-19, ‘Un-Pausing’ Mortgage Payments A Daunting Challenge
April 28, 2020

The bills get delayed, get deferred, and forbearance is the rule of the day. 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 to our daily newsletter, PYMNTS...

Economy
Why Direct-to-Consumer Payment Models Will Become A Mainstay
April 28, 2020

“Payment solutions providers are likely to see an increase in DTC spending and demand, and they should prepare now to help facilitate a smooth transition,” RS2 CEO Daniela Mielke told PYMNTS. “This virus may be contained in a few months, but the long-term impact to...

Economy
Homeowners Face Confusing Signals On Loans Amid Stimulus Relief
April 28, 2020

With the stimulus bill known as the CARES Act, Congress said homeowners could skip mortgage payments for up to a year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Economy
PPP Is No Panacea, But Is Crucial To SMB Outlook
April 28, 2020

From the ongoing saga that is the Payroll Protection Program (PPP), we’ve quickly learned that $349 billion is just a down payment on a revivified U.S. business sector. And, with Congress recently clearing another $310 billion in PPP funds – $60 billion being earmarked for...

Economy
Reinvention Key To Reopening The Economy
April 28, 2020

In good times we talk about the hockey stick shape, to symbolize up-and-to-the-right growth. In 2020 the metaphor being tossed about involves the letter “V.” The shape of it says everything about what optimism there is out there on how economies behave post-pandemic. Get the...

Economy
Some States Start To Reopen, This Week, With Restrictions
April 27, 2020

Texas, Ohio and New York are among the states joining Georgia over the next several weeks in reopening parts of their operations during the coronavirus pandemic, according to The Wall Street Journal (WSJ). Get the Full Story Complete the form to unlock this article and...

Economy
IRS Updates Site To Give Consumers More Visibility Into Stimulus Status
April 27, 2020

Those who had trouble utilizing the IRS’ “Get My Payment” web tool to access their personal stimulus funds may now find it easier to use after updates were made, per reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Economy
PayPal’s Global Impact Report Highlights Its Response To COVID-19
April 27, 2020

PayPal Holdings Inc., the California-based online payments system, on Monday (April 27) released its annual Global Impact Report, which typically highlights the firm’s progress on advancing profitability, promoting a diverse workforce, minimizing pollution and operating responsibly. Get the Full Story Complete the form to unlock this...

Economy
PPP Resumes Operation, But Delays Continue
April 27, 2020

The Paycheck Protection Program (PPP), which is intended to distribute loans to small businesses affected by coronavirus pandemic shutdowns, resumed activity on Monday (April 27) and it wasn’t even a full day before more reports of now-familiar glitches and delays resumed as well. Get the...