CARES act

Lenders Ask Treasury To Focus Next PPP Round On ‘Real’ SMBs

Lenders Ask Treasury To Focus Next PPP Round On ‘Real’ SMBs
Lenders Ask Treasury To Focus Next PPP Round On ‘Real’ SMBs
April 21, 2020  |  Loans

The biggest banks in the U.S. were reportedly in talks with the Treasury on Monday (April 20) over the next round of Paycheck Protection Program...

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Pandemic Triggers $2.1B Loss For United Airlines
Pandemic Triggers $2.1B Loss For United Airlines
April 20, 2020  |  Travel Payments

United Airlines is posting a $2.1 billion loss for the first quarter of 2020 as the coronavirus decimates the demand for flights, according to a...

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Stimulus Checks May Be Held Up If Tax Prep Service Was Used
Stimulus Checks May Be Held Up If Tax Prep Service Was Used
April 16, 2020  |  Disbursements

Despite instructions from U.S. Treasury Secretary Steven Mnuchin to fast-track stimulus payments to Americans, several million taxpayers are still waiting, according to The Washington Post....

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SMBs Scramble For Cash As PPP Runs Dry
SMBs Scramble For Cash As PPP Runs Dry
April 16, 2020  |  Loans

As lawmakers battle over how the next round of bailout money for small businesses should be spent, the president and CEO of Atlanta’s Federal Reserve...

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SBA Emergency Loan Program Bombarded With Over 3 Million Applications
SBA Emergency Loan Program Bombarded With Over 3 Million Applications
April 16, 2020  |  B2B Payments

After receiving over 3 million applications as the coronavirus pandemic continues, an emergency loan program helmed by the Small Business Association (SBA) is running low...

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Walmart To Customers: Get Stimulus Check Deposited In MoneyCard Account
Walmart To Customers: Get Stimulus Check Deposited In MoneyCard Account
April 15, 2020  |  Walmart

Walmart is hoping customers will sign up for its Walmart MoneyCard to create a direct deposit account to access the government stimulus payments being sent...

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Judge Lets Bank Of America Favor SMB Clients With PPP Loans
Judge Lets Bank Of America Favor SMB Clients With PPP Loans
April 15, 2020  |  B2B Payments

A federal judge has ruled that Bank of America (BoA) can prioritize its own customers in distributing loans for the $349 billion Paycheck Protection Program...

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Bank Sites Deluged With Stimulus Payment Status Checks
Bank Sites Deluged With Stimulus Payment Status Checks
April 15, 2020  |  Economy

Some U.S. banks are experiencing website issues Wednesday (April 15) as customers log on to see if their stimulus payment has been deposited. Get the...

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