Sections
Congress
-
EconomyRestaurant Association Seeks Federal Help To Stabilize Industry
The National Restaurant Association has issued a Blueprint for Restaurant Revival to help stabilize and stimulate the industry, including funding for restaurants...
-
EconomyStimulus Package May Be Unveiled Next Week
More relief could be on the way for Americans hurting from the economic impacts of COVID-19. A new stimulus package may be...
-
ANTITRUSTBig Tech CEOs Head To Washington July 27 To Testify In Antitrust Probe
The CEOs of Amazon, Apple, Facebook and Google parent Alphabet will all appear before Congress this month as part of a governmental...
-
NewsToday In Payments: Big Tech CEOs Face Congress; Venmo Pilots Business Payments For Micro SMBs
In today’s top news, the CEOs of the four biggest tech companies will testify before Congress over antitrust issues, and Venmo introduced...
-
ANTITRUSTAmazon, Google, Facebook, Apple CEOs To Face Congress
The CEOs of the world’s four biggest technology companies will testify later this month before the House Judiciary Committee as lawmakers investigate...
-
LoansPPP Application Deadline Extended Until Aug. 8
The U.S. House of Representatives has passed a bill to extend the deadline for businesses to apply for forgivable loan aid through...
-
LoansWill Congress Extend The PPP’s June 30 Deadline?
The deadline for applying for Paycheck Protection Program loans is coming next Tuesday (June 30) after the PPP’s long and eventful run,...
-
NewsToday In Payments: Proposal Would Allow SMBs To Get Another PPP Loan; Alibaba, JD.com Net $136B In Annual Shopping Event
In today’s top news, Congress is considering passing another round of PPP loans for certain small and medium-sized businesses (SMBs), and Alibaba...
-
Walmart Amazon whole paycheckAmazon Walmart Whole Paycheck Tracker: Staying Secure, Gaining New Ground And Getting Competitive
The American economy is reopening for business and consumers are starting to head back toward their lives in the physical world. But shopping...
-
LoansProposal Would Allow SMBs To Get Another PPP Loan
More help for certain small business owners could be on the way if Congress approves another round of Paycheck Protection Program (PPP)...
-
EconomyRestaurants, Lawmakers Seek $120B Aid Package
The Independent Restaurant Coalition (IRC) has proposed a $120 billion relief package to prevent further closures and job losses due to COVID-19. The trade...
-
LoansEconomists Recommend More Lenient Terms For Main Street Lending Program
A pair of former Federal Reserve economists said they think the government should ease the rules on who can participate in the...
-
EconomyPowell Urges Congress Not To Pull Back On Stimulus Efforts
As lawmakers battle over another stimulus package, Federal Reserve Board Chairman Jerome Powell told Congress a recovery would be at risk if...
-
LoansDemocrats Ask Bank CEOs For PPP Records
U.S. Democratic lawmakers, in letters to the chief executives of several large banks, demanded the release of documents related to loans made...
-
HealthcareSenate Committee To Consider Telehealth’s Future
Telemedicine existed in the pre-pandemic world — spending the past several years trying to gain a foothold among Americans while mostly stymied...
-
EconomyLatest Economic Stimulus Package On Hold
The latest coronavirus stimulus package will have to wait until late next month, when Congress returns from recess, sources told CNBC. On...
-
LoansSenators Look To Extend PPP Loans To Include More SMBs
A group of Democratic senators has introduced a new Paycheck Protection Program (PPP) for small businesses with 100 or fewer employees, including...
-
PoliticsCiting Racial Profiling, IBM Will No Longer Sell Face Recognition Software
International Business Machines Corp. (IBM) is getting out of the facial recognition business, citing its misuse by law enforcement. In a letter...
-
LoansPPP Extension Hopes To Draw SMBs Before June 30 Deadline
As reported, the Senate voted unanimously on Wednesday (June 3) to pass the Paycheck Protection Program Flexibility Act, which had passed the...
-
LoansSenate Passes Bill To Extend PPP For SMBs
The U.S. Senate passed a bill Tuesday (June 3) amending the way the Paycheck Protection Program (PPP) works, extending the time for...
-
LoansTwo Banking Groups Call For Automatic PPP Loan Forgiveness
The Consumer Bankers Association and Bank Policy Institute, in a co-signed letter, have called on Congress to automatically forgive Paycheck Protection Program (PPP)...
-
EconomyTrump Considers Next Stimulus
President Donald Trump will meet with senior advisors this week to discuss the possibilities of another pandemic-related stimulus package, this time with...
-
SMBsIs Congress Finally About To Fix PPP’s Many Problems?
Congress adopted the $600 billion-plus Paycheck Protection Program (PPP) to help American small- to medium-sized businesses (SMBs) stay afloat by using forgiveness...
-
EconomyMitch McConnell: ‘Final’ COVID-19 Relief Bill Coming In A Month
Senate Majority Leader Mitch McConnell said Congress will decide whether to pass another COVID-19 relief package soon. “We’re taking a careful look...
-
EconomyUncle Sam Considers Payments For Companies To ‘Reshore’ Factories
Will the U.S. government pay American companies to “near shore” supply chains, incentivizing a pivot away from China? In an interview Tuesday...
-
EconomyDemocrats, Republicans And A Tale Of Two Stimulus Packages
The U.S. economy is starting its walk back toward recovery, with all 50 states having publicly issued plans to begin reopening businesses...
-
LoansSenate Bill Would Double Time For PPP Loans
The U.S. Senate is on track to pass legislation that would double the time small- to medium-sized businesses (SMBs) have to use...
-
LoansHouse Expected To Approve PPP Changes
A bipartisan proposal to improve the terms of the Small Business Administration’s Paycheck Protection Program (PPP) is expected to face a House...
-
LoansPelosi, House Look To Overhaul SMB PPP Relief Loans
Businesses struggling to stay afloat amid the coronavirus pandemic but shut out of stimulus programs could see renewed relief as Speaker Nancy...
-
CoronavirusIRS Stimulus Check Round 2, Will It Happen?
After a slightly rocky rollout, complaints that funds took a long time to arrive and that a few dead people got payouts they can’t really...
-
AmazonIn Probe Over Third-Party Info, Amazon Says ‘Appropriate’ Exec To Testify
Amazon says it plans to send an “appropriate” executive to testify before Congress about how the company uses third-party data, after the...
-
CoronavirusHouse To Pass $3T Stimulus Package Despite GOP Opposition
House Democrats made the case for a $3 trillion coronavirus stimulus package Friday (May 15), as White House and GOP leaders said...
-
AmazonAmazon Pushes For National Price Gouging Law
Amazon urged Congress on Wednesday (May 13) to enact legislation to prohibit price gouging during times of national emergency, Reuters reported. Brian...
-
ANTITRUSTHouse GOP Letter Decries M&A Moratorium
Six Republican lawmakers have opposed a Democratic Party initiative in Congress to ban mergers and acquisitions (M&A) between large companies during the...
-
EconomyHouse Dems Propose $3 Trillion Relief Package
House Democrats unveiled a $3 trillion spending package for more coronavirus aid on Tuesday (May 12), including more money for individuals affected...
-
LoansCongress, White House Spar Over Stimulus Round Three
Democrats, evoking the country’s past with the financial turmoil of the Great Depression and the recovery with the New Deal, argue that...
-
Walmart Amazon whole paycheckAmazon-Walmart Whole Paycheck Tracker: COVID-19 Tests, Congressional Questions And Navigating The New Normal
The race for the consumer’s whole paycheck has changed tremendously in the last few weeks – starting with the fact that over...
-
Security & FraudSenators Push FTC To Shield SMBs From PPP Scams
A group of senators is asking the Federal Trade Commission (FTC) to take more steps to protect small- to medium-sized business (SMB)...
-
EconomyStates, Cities Want $1 Trillion To Avoid Layoffs
Democratic Congressional leaders are seeking up to $1 trillion in the next coronavirus aid package, a number that will almost surely run...
-
NewsToday In Payments: Amazon Trials Video Onboarding For New Merchants; Hospitals Face Cash Crunch
In today’s top news, Amazon is trialing video onboarding calls to prevent merchant fraud, and hospitals face major financial hardship amid the...
-
CoronavirusHouse Expected To OK $300 Billion+ In Fresh PPP Loan Money on Thursday
The House is anticipated to pass a $484 billion coronavirus economic relief bill on Thursday (April 23), which was approved by the...
-
LoansSenate Passes Bill That Adds $310B More To PPP Loans
The Senate has passed a new $484 billion coronavirus relief package, including more than $300 billion in additional funds for the Paycheck Protection...
-
B2B PaymentsLawmakers Call For Marijuana SMB Inclusion In Next Stimulus Package
Members of Congress from both sides of the political fence are pushing for the marijuana industry to be included in the next...
-
LoansChamber CEO Donohue Urges Congress To Pass More Stimulus Measures On Monday
Tom Donohue, CEO of the U.S. Chamber of Commerce, is urging Congress to finish up a plan for the next round of...
-
Payment MethodsAutomatic BOOST To Communities Act Resurfaces Digital Dollars
To help provide U.S. taxpayers with stimulus payments to get through the recession brought about by the coronavirus, the idea of a...
- Coronavirus
SBA Fund Coffers Said To Run Dry Unless Congress Adds More
For businesses that have not yet applied for a loan under the $350 billion federal stimulus program designed to mitigate the economic...
-
CoronavirusHouse Chairs Seek Briefing On FDIC Crisis Readiness During Pandemic
Three top House Democrats have asked the Federal Deposit Insurance Corp. (FDIC) to explain how the agency is preparing for a financial...
-
SMBsSMB Aid Running Out As Stalemate Continues
Leaders on Capitol Hill were still at an impasse on Monday (April 13) over additional coronavirus relief as the current funding dwindles...
-
CoronavirusTrump Wants New Business Relief Pushed Through As-Is
A partisan standoff on Capitol Hill over additional small business funding prompted President Trump on Friday (April 10) to urge Congress to...
-
CoronavirusInsurers Say Covid Claims Excluded From Biz Interruption Policies
In a letter to U.S. Reps. Gilbert Cisneros and Mike Thompson, both of California, representatives from insurance industry groups wrote that standard...
