loans

SMBs, PPP And America’s Reopening

SMBs, PPP And America’s Reopening
SMBs, PPP And America’s Reopening
May 28, 2020  |  Economy

After several very harrowing weeks, the ongoing drama of the Paycheck Protection Program (PPP) seems to have finally come to a close. Get the Full...

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New Data: Inside Main Street SMB’s Digital Shift
New Data: Inside Main Street SMB’s Digital Shift
May 28, 2020  |  Coronavirus

When the United States economy locked down to slow the spread of the coronavirus, it rapidly and radically altered the way consumers browsed, shopped and...

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BoA Experiences Potential PPP Application Data Breach
BoA Experiences Potential PPP Application Data Breach
May 27, 2020  |  Safety and Security

Bank of America notified principal owners of a potential data breach after the bank uploaded the loan applications of some customers to a “limited access,...

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PPP Loan Demand Peters Out Amid SMB Confusion
PPP Loan Demand Peters Out Amid SMB Confusion
May 26, 2020  |  Loans

First the rush to get in – and then, perhaps, the rush to get out. Get the Full Story Complete the form to unlock this...

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How AI Can Help Banks Decide Which Struggling Borrowers Deserve Help
How AI Can Help Banks Decide Which Struggling Borrowers Deserve Help
May 26, 2020  |  Debt

Amid the pandemic, banks have “frozen” at least $150 billion of loans – equating to about 5 percent of their consumer portfolios. The question becomes: What...

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WA Man Charged With Seeking $1.5M In PPP Loans For Fake Companies
WA Man Charged With Seeking $1.5M In PPP Loans For Fake Companies
May 25, 2020  |  Security & Fraud

A 35-year-old Washington State resident is charged with allegedly attempting to defraud the Paycheck Protection Program (PPP) by requesting loans for companies and employees that...

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NY’s Transit Authority Wants To Use Fed’s New Loan Initiative
NY’s Transit Authority Wants To Use Fed’s New Loan Initiative
May 21, 2020  |  Loans

New York’s Metropolitan Transit Authority (MTA) is seeking permission to borrow from the Federal Reserve’s $500 billion Municipal Liquidity Facility (MLF) due to coronavirus-related troubles,...

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Senate Bill Would Double Time For PPP Loans
Senate Bill Would Double Time For PPP Loans
May 21, 2020  |  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 Paycheck Protection Program...

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Banks Brace For Forbearance Program Expiry Dates
Banks Brace For Forbearance Program Expiry Dates
May 21, 2020  |  Loans

The time is almost up for people who got mortgage forbearance under the CARES Act, but banks can’t predict how many will default of the...

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