Banks are increasing their standards for loans to businesses and households, according to the Fed’s latest Senior Loan Officer Opinion Survey on Bank Lending Practices. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Eastman Kodak’s surprise announcement of plans to reinvent itself as a drug manufacturer has run afoul of the U.S. Securities and Exchange Commission (SEC), a new report finds. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Senator Marco Rubio of Florida, who spearheaded the landmark Paycheck Protection Program (PPP) to help small businesses survive the coronavirus pandemic, now has to organize further funding to help the still-ailing economy, The Wall Street Journal (WSJ) reported. Get the Full Story Complete the form...
Lawmakers want to fix a mix-up in the economic relief CARES Act laws from March that could cost small businesses $120 billion in taxes, The Wall Street Journal (WSJ) reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
It’s looking increasingly likely that Congress will vote on a new round of COVID-19 stimulus funding, with the Paycheck Protection Program (PPP) an increasing area of focus. The latest plan put forward by Senate Republicans calls for a fresh round of funding for PPP loans,...
The central bank of Kenya is putting forward new legislation to govern interest rates charged for digital lenders’ loans. Online lenders will need the green light from the central bank to roll out new offerings or hike lending rates if the legislation is put into...
It will now be a lot easier for schools, hospitals and social service organizations to access funds using the Main Street Lending Program. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
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 that need it most, U.S. Treasury Secretary Steven Mnuchin said during a Committee on Small Business hearing on Friday (July 17)....
The troubles afflicting Wirecard AG are not limited to the German payment processing company. Some European lenders say they expect to recover as little as 20 percent of the nearly $2 billion they are owed, sources told The Wall Street Journal. Get the Full Story Complete...
