New York’s Metropolitan Transit Authority (MTA) is seeking permission to borrow from the Federal Reserve’s $500 billion Municipal Liquidity Facility (MLF) due to coronavirus-related troubles, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The U.S. Senate is on track to pass legislation that would double the time small- to medium-sized businesses (SMBs) have to use Paycheck Protection Program (PPP) loans, according to a Reuters report. Get the Full Story Complete the form to unlock this article and enjoy...
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...
