stimulus

Here is what you need to know about your Economic Impact Payment. For most taxpayers, payments are automatic, and no further action is needed. This includes taxpayers who filed tax returns in 2018 and 2019 and most seniors and retirees.

Source: irs.gov

Today In Payments: Shake Shack To Give Back $10M PPP Funds; Uber Expands Delivery Options
Today In Payments: Shake Shack To Give Back $10M PPP Funds; Uber Expands Delivery Options
April 20, 2020  |  News

In today’s top news, Shake Shack said it would return the $10 million Paycheck Protection Program (PPP) loan from the government, and Uber expanded its...

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Restaurants Lobby For $240B In Added Federal Funding As COVID-19 Rages On
Restaurants Lobby For $240B In Added Federal Funding As COVID-19 Rages On
April 20, 2020  |  Coronavirus

The cash flow crunch may transform the restaurant industry permanently — and none for the better. The National Restaurant Association Monday told Congress it needs...

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Small Businesses Question Handling Of US Stimulus Loans
Small Businesses Question Handling Of US Stimulus Loans
April 20, 2020  |  Loans

As Congress was poised on Monday (April 20) to replenish funds for its small business loan program, complaints persist about how previous funds were doled...

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The Next Round Of PPP Funds: Will It Happen In Time For SMBs?
The Next Round Of PPP Funds: Will It Happen In Time For SMBs?
April 20, 2020  |  Coronavirus

Reports indicate that Senate Democrats and Republicans are approaching an agreement that would add more than $400 billion into the Paycheck Protection Program (PPP) for...

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UK Targets Tech Startups With $1.6B ‘Future Fund’
UK Targets Tech Startups With $1.6B ‘Future Fund’
April 20, 2020  |  Coronavirus

As the world economy stumbles toward a COVID-19 recession, the U.K. has added tech startups to the economic sectors deserving aid in an uncertain time....

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Lawsuits Allege Banks Played Favorites With PPP Loans
Lawsuits Allege Banks Played Favorites With PPP Loans
April 20, 2020  |  Legal

Separate class-action lawsuits were filed against Wells Fargo, Frost Bank, JPMorgan Chase, US Bancorp and Bank of America, alleging that the financial institutions (FIs) unlawfully...

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Consumers Pay Down Credit Card Debt As Businesses Ramp It Up
Consumers Pay Down Credit Card Debt As Businesses Ramp It Up
April 19, 2020  |  Economy

As the coronavirus pandemic continues, a sharp difference emerges between the ways consumers and businesses are dealing with credit: Consumers are spending less and have...

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Lawmakers Call For Marijuana SMB Inclusion In Next Stimulus Package
Lawmakers Call For Marijuana SMB Inclusion In Next Stimulus Package
April 19, 2020  |  B2B Payments

Members of Congress from both sides of the political fence are pushing for the marijuana industry to be included in the next round of government...

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Funding Circle Halts Retail Investing To Focus On SMB Stimulus
Funding Circle Halts Retail Investing To Focus On SMB Stimulus
April 19, 2020  |  B2B Payments

Funding Circle has been given the go-ahead by the British Business Bank to distribute business loans to small- to medium-sized business (SMB) owners hurting because...

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