The World Bank distributes about $25 billion a year to countries through governments that identify areas where investment is needed and capital can be deployed to build infrastructure. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Chuck E. Cheese, the popular food and games chain, is talking to investors about ways to raise money to avoid filing for bankruptcy, The Wall Street Journal reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
As some firms grapple with meeting pivotal standards for loan forgiveness amid the pandemic, President Donald Trump signed a bill into law on Friday (June 5) to provide greater spending options to those who receive government Paycheck Protection Program (PPP) loans. The president said that...
As reported, the Senate voted unanimously on Wednesday (June 3) to pass the Paycheck Protection Program Flexibility Act, which had passed the House with a single dissenting vote last week. The bill then headed to the White House for President Trump’s signoff. Get the Full...
The U.S. Senate passed a bill Tuesday (June 3) amending the way the Paycheck Protection Program (PPP) works, extending the time for small- to medium-sized businesses (SMBs) to use the money from eight weeks to 24 weeks, CNN reported. Get the Full Story Complete the...
Two Republican Senators are holding up a bill that would extend the end date of the Paycheck Protection Program (PPP) from August until December, Roll Call reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The Consumer Bankers Association and Bank Policy Institute, in a co-signed letter, have called on Congress to automatically forgive Paycheck Protection Program (PPP) loans under $150,000. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
One of the few bright spots in the nation’s ailing economy is the housing market. Fueled by the lowest home loan rates in the nation’s history, mortgage applications increased 18 percent for the week ending May 29 compared to the same week one year ago,...
The coronavirus has idled all sorts of lending, as banks and other financial services firms eye consumers with wariness. Unemployment, after all, has skyrocketed, indicating that household cash flow is dicey, and remaining current on debt might not be top of mind. Get the Full Story...
