loans

Proposal Would Allow SMBs To Get Another PPP Loan 

Proposal Would Allow SMBs To Get Another PPP Loan 
Proposal Would Allow SMBs To Get Another PPP Loan 
June 19, 2020  |  Loans

More help for certain small business owners could be on the way if Congress approves another round of Paycheck Protection Program (PPP) loans. Get the...

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US Consumers Defer Payments On More Than 100 Million Loans
US Consumers Defer Payments On More Than 100 Million Loans
June 18, 2020  |  Loans

There are now more than 100 million skipped payments on student loans, auto loans and other kinds of debt, according to a report by The...

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Borrowers Come Up Short On Home Equity Lines In Pandemic
Borrowers Come Up Short On Home Equity Lines In Pandemic
June 18, 2020  |  Loans

For many Americans, home equity lines of credit aren’t a sure thing right now, with a 19 percent drop nationwide, The Wall Street Journal (WSJ)...

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Economists Recommend More Lenient Terms For Main Street Lending Program
Economists Recommend More Lenient Terms For Main Street Lending Program
June 18, 2020  |  Loans

A pair of former Federal Reserve economists said they think the government should ease the rules on who can participate in the U.S.’s Main Street...

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FinTech Pagaya Notches $102M In Funding Round
FinTech Pagaya Notches $102M In Funding Round
June 17, 2020  |  Investments

Pagaya, a U.S. and Israeli FinTech collaboration, announced a Series D funding round in which it raised $102 million, according to a press release, bringing...

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FDIC: US Banks See Chargebacks Soar, Profits Tank Due To Pandemic
FDIC: US Banks See Chargebacks Soar, Profits Tank Due To Pandemic
June 17, 2020  |  Bank Regulation

U.S. bank profits took a hit of 69.6 percent in profits in the first quarter of the year compared to the same time last year,...

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Suit Filed Against Merchant Cash Advance Companies For Fraud
Suit Filed Against Merchant Cash Advance Companies For Fraud
June 14, 2020  |  B2B Payments

Three merchant cash advance companies are facing a lawsuit from New York Attorney General Letitia James over reportedly practicing illicit measures when loaning money to...

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Senators Look To Extend PPP Loans To Include More SMBs
Senators Look To Extend PPP Loans To Include More SMBs
June 10, 2020  |  Loans

A group of Democratic senators has introduced a new Paycheck Protection Program (PPP) for small businesses with 100 or fewer employees, including sole proprietorships and...

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