The European Central Bank (ECB) is concerned that regional banks are not setting aside as much money as other countries to cover loan losses stemming from the ongoing pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The U.S. Small Business Administration (SBA) has approved 400,000 more pandemic relief loans worth $35 billion, saying it is trying to repair operational problems in the program brought up by lenders, Reuters reported. Get the Full Story Complete the form to unlock this article and...
During the first week of the newly-reopened Paycheck Protection Program (PPP), some 60,000 loans were extended totaling $5 billion, the Wall Street Journal (WSJ) reported on Wednesday (Jan. 20). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The second round of federal funds to small businesses is already on its way out the door, with the Paycheck Protection Program (PPP) opening up $284.5 billion for PPP loans, with $137 billion set aside for “second-draw” loans for firms that need help beyond their...
Figure Technologies, which works in blockchain-based finance tech transformations, has worked with J.P. Morgan and closed a $100 million financing facility to help with conforming and jumbo mortgages, according to a press release. Get the Full Story Complete the form to unlock this article and...
Two weeks after its 11th-hour passage by Congress, the second round of the Paycheck Protection Program (PPP) administered by the Small Business Administration has begun accepting applications for forgivable loans aimed at helping small and medium-sized businesses weather the storm caused by the coronavirus. Get...
The Small Business Administration (SBA) has released guidance on applying for the second round of loans being offered under the Paycheck Protection Program (PPP), which has been a lifeline for many small businesses during the pandemic recession. Get the Full Story Complete the form to...
The U.S. government has unveiled rules for the new $284.5 billion round of its popular Paycheck Protection Program (PPP), which should begin accepting applications soon. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Washington D.C. joined seven states in suing a bank regulator over a rule they fear could encourage predatory lending by stopping them from leveling state laws against exploitative interest rates, Reuters said. Get the Full Story Complete the form to unlock this article and enjoy...
