CARES act

Would-Be PPP SMBs Skip The Funding Over Audit Fears
Would-Be PPP SMBs Skip The Funding Over Audit Fears
May 01, 2020  |  Coronavirus

Before the forgiveness … comes the audit. And audits, as we all know, strike fear into the hearts of, well, pretty much everyone, whether financial...

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MetaBank, Fiserv To Issue Preloaded Visa Cards For Stimulus Payments
MetaBank, Fiserv To Issue Preloaded Visa Cards For Stimulus Payments
April 30, 2020  |  Coronavirus

The U.S. Treasury will allow two financial technology companies to issue prepaid Visa cards loaded with coronavirus stimulus payments. Reuters reported its sources confirmed MetaBank...

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Stimulus Relief Checks: Less Spending, More Saving
Stimulus Relief Checks: Less Spending, More Saving
April 28, 2020  |  Economy

Starting last week, the COVID-19 stimulus funds began hitting the bank accounts of citizens nationwide. All in, the $290 billion program – part of the $...

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After COVID-19, ‘Un-Pausing’ Mortgage Payments A Daunting Challenge
After COVID-19, ‘Un-Pausing’ Mortgage Payments A Daunting Challenge
April 28, 2020  |  Coronavirus

The bills get delayed, get deferred, and forbearance is the rule of the day. And then they become due. And for at least some stakeholders...

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Homeowners Face Confusing Signals On Loans Amid Stimulus Relief
Homeowners Face Confusing Signals On Loans Amid Stimulus Relief
April 28, 2020  |  Coronavirus

With the stimulus bill known as the CARES Act, Congress said homeowners could skip mortgage payments for up to a year. However, legislating something is...

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New Data: Separating The PPP Haves, Have Nots and Don’t Wants
New Data: Separating The PPP Haves, Have Nots and Don’t Wants
April 27, 2020  |  SMBs

When the Paycheck Protection Program (PPP) debuted earlier this month, it was heralded by some observers as a lifeline for small businesses that power Main...

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Mnuchin: Relief Efforts Now Should Show Results In Summer
Mnuchin: Relief Efforts Now Should Show Results In Summer
April 26, 2020  |  Coronavirus

Treasury Secretary Steve Mnuchin remains in good spirits over the U.S.’s economic future as summer approaches, saying the financial aid efforts thus far should help...

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Homeowners Face Uncertainty Over Delayed Mortgage Payments
Homeowners Face Uncertainty Over Delayed Mortgage Payments
April 24, 2020  |  Coronavirus

Homeowners who expected temporary financial relief from the COVID-19 pandemic may be in for a big surprise next year, The Wall Street Journal reported. While...

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SBA Says Large Firms ‘Unlikely’ To Get Next Round Of PPP
SBA Says Large Firms ‘Unlikely’ To Get Next Round Of PPP
April 23, 2020  |  Coronavirus

The Small Business Administration (SBA) has issued new rules it says will make it unlikely that publicly traded companies will receive money from the next...

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