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WASHINGTON—The Small Business Administration (SBA) has sent a message through its SBA Connect platform alerting Schedule C filers, which cover sole proprietors and single-member limited liability corporations, that the agency will soon issue an interim final rule with a new definition of "payroll costs" for Paycheck Protection Program (PPP) loans.

NEW YORK–New York’s attorney general is yet another official expressing concerns about cryptocurrency.

MCLEAN, Va.—Capital One has made a move that signals there may be an end in sight to the pandemic-driven economic slowdown, according to at least one analysis.

SAN FRANCISCO—The COVID-19 crisis has sped up the adoption of digital payments, part of a transition that Visa argues could help it tap opportunities worth many times more than the market for retail payments.

ALEXANDRIA, Va.—NAFCU and CUNA have both offered suggestions to NCUA on ways to improve communications with credit unions, including making adjustments to its website.

WASHINGTON–NAFCU and CUNA have joined with 17 other consumer and financial industry organizations in urging lawmakers to protect the third round of economic impact payments (EIPs) from garnishment “so the money gets to the families who most need it.”

WASHINGTON–The American economy will accelerate nearly twice as fast as expected this year as result of the just-passed $1.9-trillion stimulus plan combined with the rapid vaccine rollout, which will lead to a powerful recovery from the pandemic, according to a new analysis released by the Organization for Economic Cooperation and Development (OECD).

DUBLIN, Ohio–The Bank of Ireland has confirmed plans to close 103 branches in the country, as it seeks to reduce its branch network by one third in the Republic of Ireland and by one-half in Northern Ireland and instead shift toward digital delivery of services.

WASHINGTON–A bank group that is meeting virtually this week is stressing a theme similar to that often shared by credit unions, and that is the role they play in local communities. Another theme will also sound familiar to CUs—the group said a priority remains addressing the credit union tax exemption.

WASHINGTON—Total consumer credit fell for the 10th time in the past 12 months, declining 0.4% in January on a seasonally-adjusted, annualized basis.