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The PPP and related changes to operations could reshape some areas of the banking sector, says PwC
Less than a quarter of homeowners in forbearance have managed to make payments for May, according to fintech firm Black Knight
Officials have dumped an enormous amount of money into the economy in a matter of weeks. That means the environment is ripe for fraud.
The Fed is boosting several pandemic aid programs, including the PPP, as data shows more than half of its first expansion has been used up
New York-based Signature Bank says roughly 14% of its loan book is seeking to defer payments as the pandemic challenges cashflow
Lawsuit alleges unfair business practices by prioritizing borrowers who were seeking larger loan amounts rather than a good faith effort to take business on a first come first serve basis
The Paycheck Protection Program ran out of funds last week after approving more than 1.6 million applications
The government’s $349 billion small business support package is facing issues already, according to reports
While regional banks were embracing small business loans, the U.S. government sparred with the top four regarding the program as larger banks did not show enthusiasm
More central bank action expected after Bank of England also cuts interest rate to offset COVID-19 effect on economy
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