treasury

House Investigates Bank Procedures For PPP Loan Processing
House Investigates Bank Procedures For PPP Loan Processing
June 16, 2020  |  B2B Payments

A U.S. House panel is investigating if multiple banks gave preferential treatment to large, well-funded firms compared to companies in minority or isolated areas when...

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Warren, Mnuchin Clash Over PPP
Warren, Mnuchin Clash Over PPP
May 19, 2020  |  Loans

In the most contentious moments of the Senate Banking Committee’s inquiry into the $2 trillion CARES Act on Tuesday (May 19), Sen. Elizabeth Warren clashed...

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Mnuchin, Powell To Face Senate Over PPP, Stimulus Funds
Mnuchin, Powell To Face Senate Over PPP, Stimulus Funds
May 19, 2020  |  Loans

Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell will testify remotely before the Senate on Tuesday (May 19) regarding the disbursement of coronavirus...

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Treasury: 4 Million IRS Stimulus Payments To Be Sent Via Visa Prepaid Debit Card
Treasury: 4 Million IRS Stimulus Payments To Be Sent Via Visa Prepaid Debit Card
May 18, 2020  |  Disbursements

The U.S. Treasury Department and the IRS are planning to send out around 4 million Economic Impact Payments (EIP) via Visa prepaid debit cards rather...

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SBA Revises Guidance On PPP Loan Forgiveness
SBA Revises Guidance On PPP Loan Forgiveness
May 13, 2020  |  Loans

The Paycheck Protection Program (PPP) has been nothing if not fluid. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Mnuchin Wants To Fix Restaurants’ PPP Woes
Mnuchin Wants To Fix Restaurants’ PPP Woes
May 11, 2020  |  Loans

Treasury Secretary Steven Mnuchin said he wants to tweak the rules of the Paycheck Protection Program (PPP) to accommodate restaurants stuck between a rock and...

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US Treasury Eyes Borrowing Almost $3 Trillion In Second Quarter
US Treasury Eyes Borrowing Almost $3 Trillion In Second Quarter
May 04, 2020  |  Debt

To fight the coronavirus pandemic, the U.S. government said it is planning to borrow $2.99 trillion in the second quarter this year, a record number,...

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Pollo Tropical, Taco Cabana Parent Gives Back Small Business Aid; Treasury Aims To Have PPP Funds Given To Larger Firms Returned
Pollo Tropical, Taco Cabana Parent Gives Back Small Business Aid; Treasury Aims To Have PPP...
April 29, 2020  |  Loans

The coronavirus pandemic is disrupting businesses large and small. While the Paycheck Protection Program (PPP) was intended to help small- to medium-sized businesses (SMBs) weather...

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The IRS Stimulus Check Is Finally In The Mail (For Some)
The IRS Stimulus Check Is Finally In The Mail (For Some)
April 24, 2020  |  Coronavirus

The Internal Revenue Service (IRS) said on Friday (April 24) that another eight million Americans have received their coronavirus stimulus payments over the past week....

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