Cares news and trends

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

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 relief money. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Shake Shack Decides To Give Back $10M PPP Loan
Loans // April 20, 2020

Shake Shack founder Danny Meyer and chief executive officer (CEO) Randy Garutti said on Monday (April 20) that they are returning the $10 million Paycheck Protection Program (PPP) loan from the federal government that was part of the coronavirus stimulus package. Get the Full Story...

Mnuchin: Deal On New PPP Funding Near
Coronavirus // April 19, 2020

Treasury Secretary Steven Mnuchin, along with Democratic leaders, said they are close to closing a deal that would lend more money to small businesses struggling to stay afloat amid the coronavirus pandemic. Get the Full Story Complete the form to unlock this article and enjoy...

Some Banks Seize Stimulus Money To Cover Customer Overdrafts
Banking // April 17, 2020

Some cash-strapped people are losing some or all of their coronavirus stimulus money because their bank accounts are overdrawn. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...

Quick Reads
Banks Brace For Forbearance Program Expiry Dates

May 21, 2020
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 $150 billion in loans currently on ice, according to a Bloomberg report on Wednesday (May 20). Get the Full Story Complete the form to unlock this article and enjoy unlimited […]

Mnuchin, Powell To Face Senate Over PPP, Stimulus Funds

May 19, 2020
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 relief money. Get the Full...

Shake Shack Decides To Give Back $10M PPP Loan

April 20, 2020
Shake Shack founder Danny Meyer and chief executive officer (CEO) Randy Garutti said on Monday (April 20) that they are returning the $10 million Paycheck Protection Program (PPP) loan from...

Mnuchin: Deal On New PPP Funding Near

April 19, 2020
Treasury Secretary Steven Mnuchin, along with Democratic leaders, said they are close to closing a deal that would lend more money to small businesses struggling to stay afloat amid the...