CARES act

US Lenders Expect Few Loan Defaults

US Lenders Expect Few Loan Defaults
US Lenders Expect Few Loan Defaults
June 08, 2020  |  Loans

U.S. lenders say they expect most borrowers who were given a temporary reprieve on loans due to income loss from the impact of COVID-19 will...

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Demand For PPP Loans Evaporates; $150B Still Available
Demand For PPP Loans Evaporates; $150B Still Available
May 26, 2020  |  Loans

When the first round of forgivable Paycheck Protection Program (PPP) loans became available April 3, the funds ran out within days. When the second round...

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Democrats, Republicans And A Tale Of Two Stimulus Packages
Democrats, Republicans And A Tale Of Two Stimulus Packages
May 22, 2020  |  Economy

The U.S. economy is starting its walk back toward recovery, with all 50 states having publicly issued plans to begin reopening businesses after some eight...

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Pandemic’s Digital Shift, Credit Unions, Stimulus Funds Top This Week’s News
Pandemic’s Digital Shift, Credit Unions, Stimulus Funds Top This Week’s News
May 22, 2020  |  The Weekender

It’s the end of the work week, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments...

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Republicans Reject Second Stimulus Bill
Republicans Reject Second Stimulus Bill
May 20, 2020  |  Economy

Congressional Republican leaders say they will study the impact of the $2.2 trillion CARES Act before giving the green light to any new COVID-19 stimulus...

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Warren, Mnuchin Clash Over PPP
Warren, Mnuchin Clash Over PPP
May 19, 2020  |  Loans

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...

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Mnuchin, Powell Testify CARES Is Working
Mnuchin, Powell Testify CARES Is Working
May 19, 2020  |  Economy

In a joint appearance before the Senate Banking Committee, Federal Reserve Board Chairman Jerome Powell and Treasury Secretary Steven Mnuchin praised the $2 trillion CARES...

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IRS Says You Can’t Keep $1,200 Stimulus Checks Sent To Dead Relatives
IRS Says You Can’t Keep $1,200 Stimulus Checks Sent To Dead Relatives
May 07, 2020  |  Economy

Any $1,200 COVID-19 stimulus checks sent to dead people by the Internal Revenue Service (IRS) must be returned, the agency says. Get the Full Story...

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