loans

Capital One’s Credit Card Business Shrinks, But Delinquencies Fall

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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Biggest Banks Brace For Loan Losses
Biggest Banks Brace For Loan Losses
July 14, 2020  |  Banking

The country’s largest banks by assets have set aside nearly $30 billion to cover losses associated with COVID-19, a tally of recently disclosed plans indicates....

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SBA: EIDL Emergency Grant Program Runs Out Of Money
SBA: EIDL Emergency Grant Program Runs Out Of Money
July 13, 2020  |  Loans

A $20 billion federal initiative to provide emergency funding to small businesses is out of cash. Get the Full Story Complete the form to unlock...

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Fights Over Loan Terms Delayed Main Street Lending Program
Fights Over Loan Terms Delayed Main Street Lending Program
July 12, 2020  |  Loans

More than three months ago, the U.S. Department of the Treasury and the Federal Reserve gave hope to small- to medium-sized businesses (SMBs) with the...

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