Amid the pandemic, banks have “frozen” at least $150 billion of loans – equating to about 5 percent of their consumer portfolios. The question becomes: What...
A 35-year-old Washington State resident is charged with allegedly attempting to defraud the Paycheck Protection Program (PPP) by requesting loans for companies and employees that...
New York’s Metropolitan Transit Authority (MTA) is seeking permission to borrow from the Federal Reserve’s $500 billion Municipal Liquidity Facility (MLF) due to coronavirus-related troubles,...
The U.S. Senate is on track to pass legislation that would double the time small- to medium-sized businesses (SMBs) have to use Paycheck Protection Program...
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...
Personal loan apps are getting lots of attention during this time of incomprehensible financial doubt. Consumers are downloading and using these apps more now, and...
Businesses struggling to stay afloat amid the coronavirus pandemic but shut out of stimulus programs could see renewed relief as Speaker Nancy Pelosi (D-Calif.) and...
As lenders provide relief for homeowners from the financial challenges of COVID-19, the number of mortgages on temporary postponement increased to 8.16 percent as of...
A Texas man is facing charges of filing fraudulent loan applications seeking more than $5 million in forgivable loans from the Small Business Administration’s (SBA)...