treasury

IRS Has Recovered 70 Pct Of Stimulus Checks Sent To The Dead

IRS Has Recovered 70 Pct Of Stimulus Checks Sent To The Dead
IRS Has Recovered 70 Pct Of Stimulus Checks Sent To The Dead
July 22, 2020  |  Economy

The Internal Revenue Service (IRS) and the Treasury Department have collected around 70 percent of the $1.6 billion they sent to deceased Americans by accident...

READ MORE >
Mnuchin: PPP 2.0 Should Target Businesses With Greatest Need
Mnuchin: PPP 2.0 Should Target Businesses With Greatest Need
July 17, 2020  |  Loans

Another phase of the Paycheck Protection Program (PPP) should be more focused and should provide loans on a “more targeted” basis to help the companies...

READ MORE >
OCC Tells Banks Not To Hide Under The Cover Of COVID
OCC Tells Banks Not To Hide Under The Cover Of COVID
July 13, 2020  |  Bank Regulation

The nation’s banks hoping to use COVID-19 as an excuse to shutter branches or get permanent concessions from regulators better think again, the Financial Times...

READ MORE >
Mnuchin: Any PPP Extension Would Be ‘More Targeted’
Mnuchin: Any PPP Extension Would Be ‘More Targeted’
July 09, 2020  |  Economy

At a time when many businesses have used up the funds they’ve received from the Paycheck Protection Program (PPP), U.S. Treasury Secretary Steven Mnuchin said...

READ MORE >
SBA, Treasury Fail To Release PPP Loan Data
SBA, Treasury Fail To Release PPP Loan Data
July 06, 2020  |  Loans

The Treasury Department and Small Business Administration (SBA) don’t seem likely to release the data this week on Paycheck Protection Program (PPP) loans as they’d...

READ MORE >
UK Treasury Nixes Idea For New Coronavirus Funding Scheme
UK Treasury Nixes Idea For New Coronavirus Funding Scheme
July 02, 2020  |  B2B Payments

The U.K. Treasury will not be rolling out a proposed emergency coronavirus funding scheme that would have sent billions to providers of supply chain finance,...

READ MORE >
$1.4B In Pandemic Stimulus Checks Went To Dead People
$1.4B In Pandemic Stimulus Checks Went To Dead People
June 25, 2020  |  Economy

Pandemic stimulus payments totaling almost $1.4 billion went to dead people as the Internal Revenue Service (IRS) and Treasury Department rushed to send out $269...

READ MORE >
J.P. Morgan: Treasurers Are Critical To Helping Firms Plan For Business Resiliency
J.P. Morgan: Treasurers Are Critical To Helping Firms Plan For Business Resiliency
June 25, 2020  |  B2B Payments

With the global pandemic tossing many organizations into a digitization crash-course, business continuity has remained top of mind for the C-suite. It will continue to...

READ MORE >