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Today In Payments: Economists Predict Recovery Will Take Two Years Or More; Google Faces Lawsuit In Australia

Today In Payments: Economists Predict Recovery Will Take Two Years Or More; Google Faces Lawsuit In Australia
Today In Payments: Economists Predict Recovery Will Take Two Years Or More; Google Faces Lawsuit...
July 27, 2020  |  News

In today’s top news, economists say the U.S. economy could take two years to recover, and Google faces a lawsuit in Australia over its use...

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Report: PPP Helped SMBs Retain 2.3M Employees
Report: PPP Helped SMBs Retain 2.3M Employees
July 22, 2020  |  SMBs

The Paycheck Protection Program (PPP), enacted to help small- to medium-sized businesses (SMBs) retain employees during the pandemic, was able to save around 2.3 million...

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Capital One’s Credit Card Business Shrinks, But Delinquencies Fall
Capital One’s Credit Card Business Shrinks, But Delinquencies Fall
July 21, 2020  |  Earnings

Capital One reported on Tuesday (July 21) that its credit card business shrank during the second quarter, but that delinquencies fell despite the pandemic. Get...

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AICPA, CPA.com Roll Out Tool For PPP Forgiveness
AICPA, CPA.com Roll Out Tool For PPP Forgiveness
July 20, 2020  |  B2B Payments

To automate the Paycheck Protection Program (PPP) forgiveness procedure for small- to medium-sized business (SMB) owners, the American Institute of Certified Public Accountants (AICPA) and...

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Fed Relaxes Requirements For Nonprofits To Borrow From Main Street Lending Program
Fed Relaxes Requirements For Nonprofits To Borrow From Main Street Lending Program
July 17, 2020  |  Loans

It will now be a lot easier for schools, hospitals and social service organizations to access funds using the Main Street Lending Program. Get the...

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EU Banks Face Massive Losses On Exiting Wirecard Loans
EU Banks Face Massive Losses On Exiting Wirecard Loans
July 17, 2020  |  Loans

The troubles afflicting Wirecard AG are not limited to the German payment processing company. Some European lenders say they expect to recover as little as 20...

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Lendio, Web.com Team Up To Help SMBs Access Loans
Lendio, Web.com Team Up To Help SMBs Access Loans
July 16, 2020  |  B2B Payments

Lendio has announced a new partnership with Web.com to help small businesses access pandemic-related relief, a press release says. Get the Full Story Complete the...

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Fed’s Brainard: Economic Recovery So Far Could Be Temporary
Fed’s Brainard: Economic Recovery So Far Could Be Temporary
July 14, 2020  |  Economy

Federal Reserve Governor Lael Brainard said the road to recovery for the U.S. economy won’t be an easy one, according to The Wall Street Journal...

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