CARES act

Pandemic’s Digital Shift, Credit Unions, Stimulus Funds Top This Week’s News
Pandemic’s Digital Shift, Credit Unions, Stimulus Funds Top This Week’s News
May 22, 2020  |  The Weekender

It’s the end of the work week, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments...

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Republicans Reject Second Stimulus Bill
Republicans Reject Second Stimulus Bill
May 20, 2020  |  Coronavirus

Congressional Republican leaders say they will study the impact of the $2.2 trillion CARES Act before giving the green light to any new COVID-19 stimulus...

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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 Testify CARES Is Working
Mnuchin, Powell Testify CARES Is Working
May 19, 2020  |  Economy

In a joint appearance before the Senate Banking Committee, Federal Reserve Board Chairman Jerome Powell and Treasury Secretary Steven Mnuchin praised the $2 trillion CARES...

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IRS Says You Can’t Keep $1,200 Stimulus Checks Sent To Dead Relatives
IRS Says You Can’t Keep $1,200 Stimulus Checks Sent To Dead Relatives
May 07, 2020  |  Coronavirus

Any $1,200 COVID-19 stimulus checks sent to dead people by the Internal Revenue Service (IRS) must be returned, the agency says. Although officials have given...

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Federal, State Investigators Question Wells Fargo Over PPP Loans
Federal, State Investigators Question Wells Fargo Over PPP Loans
May 06, 2020  |  Security & Fraud

Federal and state officials are investigating Wells Fargo regarding the bank’s management of Paycheck Protection Program (PPP) loans. A regulatory filing on Tuesday (May 5)...

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PPP Loan Program’s Flaw: It Pays To Be Jobless
PPP Loan Program’s Flaw: It Pays To Be Jobless
May 05, 2020  |  SMBs

The $2.2 trillion CARES Act passed by Congress last month brought good news for the unemployed workers and small businesses. For anyone collecting unemployment insurance,...

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Banks Extend $500B In PPP Loans To Help Struggling SMBs 
Banks Extend $500B In PPP Loans To Help Struggling SMBs 
May 05, 2020  |  Loans

Banks in the U.S. have extended over $500 billion in loans to small and medium-sized businesses (SMBs) affected by the COVID-19 pandemic. The Small Business...

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Have We Seen The Bottom Of The Student Loan Delinquency Crisis?
Have We Seen The Bottom Of The Student Loan Delinquency Crisis?
May 04, 2020  |  Consumer Finance

Long before the advent of the COVID-19 epidemic and the litany of financial and economic disruptions brought in its wake, the student loan situation in...

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