BROOKFIELD, Wis.—Fiserv said it is now enabling banks and credit unions to accept applications from small businesses seeking relief under the Small Business Administration’s new (SBA) Paycheck Protection Program (PPP).
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WASHINGTON—Details continue to emerge related to the recently announced Paycheck Protection Program, in which credit unions will be eligible to participate as both lenders and borrowers.
NEW YORK–A brokerage firm is warning credit card issuers are about to start seeing huge delinquencies and then losses in their portfolios.
WASHINGTON —When will Americans start receiving checks of approximately $1,200 (or more depending on the number of children) from the government? The Treasury Department and the Internal Revenue Service said distribution of the so-called “economic impact payments” included in the recently enacted CARES Act will begin in the next three weeks and will be distributed automatically, with no action required for most people.
WASHINGTON—The Treasury Department and Small Business Administration have released information for the $349 billion paycheck protection program included in the Phase 3 coronavirus relief package, also known as the CARES Act.
NEW YORK–Help in the form of federal loans may be on the way, but it will likely be too late for many small businesses, according to one new report.
WASHINGTON–More than a third of small-business owners are saying their business can only survive for less than three months under the current conditions of the coronavirus pandemic, according to a new survey.
RALEIGH, N.C.–Credit unions across the country continue to announce different forms of assistance for members who have lost jobs and income due to the coronavirus pandemic.
HARTFORD, Conn.– Credit unions are among the more than 50 financial institutions in this state that have reached an agreement to offer mortgage relief to residents and businesses facing hardship due to the coronavirus pandemic.
WASHINGTON—The Small Business Administration (SBA) has released an update to its express bridge loan (EBL) pilot program, extending the program to March 13, 2021 from its original expiration date of Sept. 30, 2020.