Three top House Democrats have asked the Federal Deposit Insurance Corp. (FDIC) to explain how the agency is preparing for a financial crisis. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Community Development Financial Institutions (CDFIs) are hoping more Paycheck Protection Program (PPP) funding is passed by Congress soon so that smaller businesses left behind can stay afloat during the coronavirus pandemic, according to a Tuesday (April 14) report in the Wall Street Journal. Get the...
“Social distancing doesn’t have to stop the flow of money in today’s digital world,” Ingo Money CEO Drew Edwards told PYMNTS. “Whether we are talking about spending money or receiving money from a disbursement, we will likely see the acceleration of digital payment adoption…” as...
The International Monetary Fund (IMF) has warned that the “Great Lockdown” of 2020 due to the coronavirus pandemic will result in the worst worldwide recession since the Great Depression of 1929-33. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Main Street small businesses have differing timeframes as to when they expect to run out of operating cash, but they all see it coming. And their confidence hasn’t improved despite reports that infections are flattening, that ICU admissions are down or that “help is on...
Within a month of the announcement that COVID-19 was an official pandemic, the global economy – and America’s in particular – were already on the ropes, awaiting both relief money and a treatment breakthrough that promise to stabilize both human and business health. Get the...
It’s hard to find a retail resume that’s more impressive than Joyce Hampers’. 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 Today....
As the coronavirus pandemic continues, Groupon plans to lay off or furlough around 2,800 employees, according to a filing with the U.S. Securities and Exchange Commission on Monday (April 13), the Chicago Tribune reported. Get the Full Story Complete the form to unlock this article and...
In any other economy, companies that order products overseas want fast shipment. Not anymore, according to the Financial Times (FT). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
