Creditors of Revlon Inc. that obtained in excess of $500 million in inadvertent payments by way of Citigroup Inc. want a judge to let them access the funds that he has determined can remain in their hands, Bloomberg reported. Get the Full Story Complete the...
It tends to be a truism that in managing daily financial life, success comes down to a matter of triaging. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
President Joe Biden has extended the period that small businesses have to seek loans to offset costs related to the COVID-19 pandemic. According to Bloomberg, Biden signed the legislation in a short ceremony on Tuesday (March 30), calling it a bipartisan effort that gives businesses...
Well-publicized government aid aside, small- to medium-sized businesses (SMBs) — both on the supply and retail sides — still struggle with cash flow. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
The U.S. Senate has passed a bill extending the Paycheck Protection Program (PPP) until the end of May, which will give pandemic-beleaguered businesses more time to apply, Reuters reported. Additionally, the government will have more time process the requests. Get the Full Story Complete the...
Small businesses will soon be eligible for a lot more COVID relief from the Small Business Association (SBA), CNBC writes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Regulators in China are considering limits on so-called “loan facilitation,” a potential set-back for internet lenders, The Wall Street Journal reported Tuesday. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
While bank deposits continue to climb, lending in the U.S. by financial institutions (FIs) is lower than ever, as banks remain cautious about extending loans over fears of defaults, Bloomberg reported Monday (March 22), citing data from the Federal Reserve. Get the Full Story Complete...
According to an analysis by the Small Business Administration (SBA)’s Office of the Inspector General, there were 4,260 borrowers who received duplicate loans sent out under the Paycheck Protection Program (PPP). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
