The time is almost up for people who got mortgage forbearance under the CARES Act, but banks can’t predict how many will default of the $150 billion in loans currently on ice, according to a Bloomberg report on Wednesday (May 20). Get the Full Story...
A bipartisan proposal to improve the terms of the Small Business Administration’s Paycheck Protection Program (PPP) is expected to face a House vote next week. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Businesses struggling to stay afloat amid the coronavirus pandemic but shut out of stimulus programs could see renewed relief as Speaker Nancy Pelosi (D-Calif.) and the House move to rework the Paycheck Protection Program (PPP). Get the Full Story Complete the form to unlock this...
In the most contentious moments of the Senate Banking Committee’s inquiry into the $2 trillion CARES Act on Tuesday (May 19), Sen. Elizabeth Warren clashed with Treasury Secretary Steven Mnuchin over the Paycheck Protection Program (PPP). Get the Full Story Complete the form to unlock...
It’s no secret that the federal Paycheck Protection Program (PPP) has had a rocky few weeks since initially launching in early April. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell will testify remotely before the Senate on Tuesday (May 19) regarding the disbursement of coronavirus relief money. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
At a roundtable event with restaurant executives on Monday (May 18), several executives put forward a request to President Donald Trump and cabinet officials to extend the deadline they have to use their Paycheck Protection Program (PPP) loan funds with full forgiveness, from the eight...
Kabbage Inc., the financial technology company that funds small businesses, has issued 110,000 Paycheck Protection Program (PPP) applications totaling more than $3.5 billion, the Atlanta-based company announced on Monday (May 18). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The rules surrounding small business loans from the Paycheck Protection Program (PPP) are being overhauled as demand cools and small and medium-sized business (SMBs) owners voice complaints that the money is hard to get. Get the Full Story Complete the form to unlock this article...
