Editor’s Picks

US Eases New Banking Rule On Reporting Bad Loans

US Eases New Banking Rule On Reporting Bad Loans
US Eases New Banking Rule On Reporting Bad Loans
March 30, 2020  |  Banking

Bank regulators have rolled back the Jan. 1 accounting standard known as “current expected credit loss” (CECL) in an effort to bolster loans in the...

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Venmo, Square Cash Vie For Stimulus Funds Distribution
Venmo, Square Cash Vie For Stimulus Funds Distribution
March 29, 2020  |  Payment Methods

Venmo and Cash App want to be considered as ways the U.S. government could deliver its stimulus funds to help the coronavirus-wrecked economy. Get the...

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Satellite Internet Startup OneWeb Closes After SoftBank Fund Raise Fails
Satellite Internet Startup OneWeb Closes After SoftBank Fund Raise Fails
March 29, 2020  |  Startups

OneWeb, which wanted to make internet access worldwide and widespread, has filed for bankruptcy and let most of its employees go after it couldn’t get...

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Lenders Tighten Reins On Loans, Credit For SMBs, Households
Lenders Tighten Reins On Loans, Credit For SMBs, Households
March 29, 2020  |  Economy

As a potential recession lurks, FinTechs, traditional banks and other financial institutions (FIs) are tightening the reins on loans to small businesses and households with...

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Amazon Tells Employees To Transfer To Grocery Work
Amazon Tells Employees To Transfer To Grocery Work
March 29, 2020  |  Amazon

Amazon is looking to transfer employees to its grocery bagging division as the need for grocery delivery has risen sharply due to the coronavirus, according...

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GrainChain Accelerates Farmer Payments With Blockchain
GrainChain Accelerates Farmer Payments With Blockchain
March 29, 2020  |  B2B Payments

GrainChain, the farming blockchain system for agriculture and farming business, has moved to the Symbiont network, Assembly, a change which the company anticipates will help...

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Open Banking Platform Tink Acquires Eurobits
Open Banking Platform Tink Acquires Eurobits
March 29, 2020  |  B2B Payments

European open banking platform Tink will now have more room to expand with the acquisition of Eurobits, which works in account aggregation technology, according to...

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Steve Mnuchin: Stimulus Money Should Hit Within 3 Weeks
Steve Mnuchin: Stimulus Money Should Hit Within 3 Weeks
March 29, 2020  |  Economy

As the coronavirus spreads throughout the United States, Treasury Secretary Steve Mnuchin told “Face the Nation” Sunday (March 29) that Americans should be receiving $1,200...

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