Economy

Economy
Coronavirus Refunds: California Universities Sued Over Campus Fees; SXSW Faces Suit For No-Refund Rule
April 28, 2020

The coronavirus pandemic is upsetting normal life the world over, and plenty of consumers want refunds on things they paid for but aren’t able to use. Here’s a roundup of some efforts by consumers to receive refunds from universities and events — along with an...

Economy
Uber Considers Cutting 20 Pct Of Workers
April 28, 2020

With the ongoing coronavirus pandemic still keeping people at home, Uber could be in dire straits, facing potentially laying off 20 percent of its workforce, according to Axios. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Economy
States Show Mixed Results Getting Extra $600-A-Week COVID Jobless Benefits Out
April 28, 2020

The $600 a week in extra COVID-19 unemployment benefits that many laid-off U.S. workers have been expecting are showing up unevenly. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Economy
France To Allow Small Nonessential Retail To Reopen; Germany, Spain Plan May 4 Reopening
April 28, 2020

French Prime Minister Edouard Philippe said that nonessential merchants could open again beginning May 11, but they will be able to require that customers wear masks, Reuters reported.  Philippe also said per the report that limitations would remain for train travel of long distances and that Paris...

Economy
Stimulus Relief Checks: Less Spending, More Saving
April 28, 2020

Starting last week, the COVID-19 stimulus funds began hitting the bank accounts of citizens nationwide. All in, the $290 billion program – part of the $ 2 trillion CARES Act that was passed earlier this month – will send $1,200 per adult and $500 per child...

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...