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

Fed’s Bullard Puts Positive Spin On Economy Despite Steep Job Losses
Fed’s Bullard Puts Positive Spin On Economy Despite Steep Job Losses
April 05, 2020  |  Economy

Despite the coronavirus’ rampant shifts to the U.S. economy, St. Louis Federal Reserve President James Bullard says he doesn’t think the situation is a plummeting “free...

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BoA Receives $6B In SMB Loan Requests Within Hours
BoA Receives $6B In SMB Loan Requests Within Hours
April 05, 2020  |  B2B Payments

Banks were supposed to start taking applications for the Paycheck Protection Program (PPP) on Friday (April 3), but among the bigger U.S. lenders, only Bank...

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Today In Payments: Airbnb Drops Internal Valuation 16 Pct; Gig Workers’ Unemployment Benefits In Question
Today In Payments: Airbnb Drops Internal Valuation 16 Pct; Gig Workers’ Unemployment Benefits In Question
April 03, 2020  |  News

In today’s top news, Airbnb has lowered its internal valuation 16 percent as lockdowns continue to hammer business, and gig workers face uncertainty over how...

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Mnuchin: Community Banks Processed Almost $875M In Relief Loans
Mnuchin: Community Banks Processed Almost $875M In Relief Loans
April 03, 2020  |  Coronavirus

In a social media post, U.S. Treasury Secretary Steven Mnuchin said community banks have helped process many of the small business Paycheck Protection Program (PPP)...

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Why Main Street’s SMBs Can’t Wait (Much Longer) For The SBA’s PPP Cavalry
Why Main Street’s SMBs Can’t Wait (Much Longer) For The SBA’s PPP Cavalry
April 03, 2020  |  Loans

The lifeline for the small businesses that make up the backbone of the U.S. economy is now there for the taking. But is the $350...

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Treasury Says SBA SMB Relief Program Is Live, Big Banks Say They’re Not Ready
Treasury Says SBA SMB Relief Program Is Live, Big Banks Say They’re Not Ready
April 02, 2020  |  Coronavirus

Treasury Secretary Steve Mnuchin announced shortly after 7 p.m. Thursday, April 2 that the Paycheck Protection Program was live and ready to begin distributing $350...

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Gig Workers Unemployment Benefits A Question Mark
Gig Workers Unemployment Benefits A Question Mark
April 02, 2020  |  Gig Economy

Gig economy workers, despite being included in the federal stimulus for economic recovery from the coronavirus, now face uncertainty over how they’ll get any of...

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Today In Payments: Apple Eases Streaming App Commissions; Softbank Abandons WeWork Deal
Today In Payments: Apple Eases Streaming App Commissions; Softbank Abandons WeWork Deal
April 02, 2020  |  News

In today’s top news, Apple will end its practice of taking a commission from streaming platforms operating on its devices, and Softbank pulled out of...

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What Banks Still Don’t Know About Getting The $350B To SMBs
What Banks Still Don’t Know About Getting The $350B To SMBs
April 02, 2020  |  Coronavirus

Facing an economic emergency tipped off by the unprecedented coronavirus pandemic landing on American shores, the federal government in an uncharacteristic burst of speedy bi-partisan...

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