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: Fed Plans New Facility For SMB PPP Loans; SBA Computer Crash Tangles PPP Loan Process
Today In Payments: Fed Plans New Facility For SMB PPP Loans; SBA Computer Crash Tangles...
April 07, 2020  |  News

In today’s top news, the Federal Reserve and Treasury Department are collaborating to develop a new facility to help small- to medium-sized businesses (SMBs) stay...

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Extra Federal Benefits Ease Layoff Decisions For Employers
Extra Federal Benefits Ease Layoff Decisions For Employers
April 07, 2020  |  Coronavirus

Some employers are breathing a sigh of relief, noting that their laid-off workers are much better off financially amid the economic dive of the COVID-19...

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Senate Majority Leader Calls For More SMB Relief Funds
Senate Majority Leader Calls For More SMB Relief Funds
April 07, 2020  |  Loans

Amid high demand for federal help, Senate Majority Leader Mitch McConnell (R-KY) announced he would try to approve additional funding for a small business loan...

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Rebounding From SBA’s Bumpy PPP Roll Out
Rebounding From SBA’s Bumpy PPP Roll Out
April 07, 2020  |  Loans

You could say that Friday’s (April 3) rollout of the $350 billion small business relief Paycheck Protection Program (PPP), part of the $2 trillion CARES...

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Wells Fargo Says Lift Asset Cap To Helps SMBs
Wells Fargo Says Lift Asset Cap To Helps SMBs
April 06, 2020  |  Loans

Wells Fargo said it wants to help more with the federal government’s programs to disburse $350 billion in loans via the Paycheck Protection Program (PPP). But...

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Today In Payments: Wells Fargo To Cap SMB Bailout Loans At $10B; Apple Buys AI Voice Assistant Startup Voysis
Today In Payments: Wells Fargo To Cap SMB Bailout Loans At $10B; Apple Buys AI...
April 06, 2020  |  News

In today’s top news, Wells Fargo began taking loan applications, saying it will disperse $10 billion to nonprofits and small businesses, and Apple bought voice...

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Lawsuit Accuses BoA Of Unfair Preferential SMB Treatment
Lawsuit Accuses BoA Of Unfair Preferential SMB Treatment
April 06, 2020  |  B2B Payments

Rifkin Weiner Livingston LLC has filed an amended complaint against Bank of America (BoA) for allegedly giving its lending clients a higher priority and denying...

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Singapore’s New $3.6B Stimulus To Include Wage Subsidies, Cash Payouts
Singapore’s New $3.6B Stimulus To Include Wage Subsidies, Cash Payouts
April 06, 2020  |  International

Singapore has set out its third stimulus package as the country’s economy reels from the worldwide spread of COVID-19. Government officials said today (April 6)...

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ClassPass CEO: The Feds Need To Flex Their Muscles To Help The Fitness Industry
ClassPass CEO: The Feds Need To Flex Their Muscles To Help The Fitness Industry
April 06, 2020  |  Coronavirus

It is not an easy time to be in the fitness business at present as gyms, fitness studios and wellness providers nationwide have been forced...

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