House Investigates Bank Procedures For PPP Loan Processing
A U.S. House panel is investigating if multiple banks gave preferential treatment to large, well-funded firms compared to companies in minority or isolated areas when making loans meant for providing COVID-19 relief, Bloomberg reported. In a letter to Treasury Secretary Steven Mnuchin and Small Business Administration (SBA) Administrator Jovita Carranza, several U.S. representatives said that some big lenders … Continue reading House Investigates Bank Procedures For PPP Loan Processing Continue Reading
To provide pandemic-related security functions and rescue services for corporate travelers, Expensify unveiled its Concierge Travel virtual travel assistant, according to a press release. Expensify cardholders have the ability to reserve airline travel, lodging and rental cars by chatting with a concierge on the expense management company’s platform, while all reservations come with Global Rescue services and alerts … 
Toronto’s Remitr, which works in business payments, has launched a new solution for setting up international payments in a quicker, more efficient manner, according to a press release. Using Remitr’s Global Business Accounts (GBA), small- to medium-sized businesses (SMBs) in Canada can access unique accounts in U.S. dollars, British pounds and euros as well as routing numbers to help … 
As the coronavirus pandemic continues to disrupt everyday life the world over, many consumers want refunds on things they paid for but aren’t able to use. Baseball fans, in one case, are able to get refunds for games affected by the health crisis. The St. Louis Cardinals unveiled a ticket reimbursement and credit procedure for contests … 
Cyberattacks against the financial industry have jumped by 238 percent in just the first five months of the year, VMware, Inc. Head of Cybersecurity Strategy Tom Kellermann said, testifying before a U.S. House of Representatives subcommittee on Tuesday (June 16). “Cybercriminals are capitalizing on COVID-19, and they are doing so in tandem with the news cycle,” he said during … 
Federal Reserve Chair Jerome Powell said Tuesday (June 16) that the economy under the pandemic has continued to cause pain to American citizens despite the appearance of stabilization. Powell, speaking before the Committee on Banking, Housing and Urban Affairs with his semiannual report on monetary policy, said the appearance of stability is coming from the reopenings of many parts of … 
You know the setup — the one that’s part of seemingly every horror movie ever made. Would-be victims use their wits to outrun hordes of moaning zombies, but a few folks always get caught and disappear in a grisly, lip-smacking, bone-crunching gore-fest. Will so-called “zombie companies” soon do the same to parts of the U.S. … 
Consumers around the world are confining themselves to their homes and feeling the urge to invest in luxury items and home improvement projects to spruce up their surroundings — despite economic concerns. This has led to growing interest in buy now, pay later (BNPL) installment payment options for both debt-wary consumers as well as retailers … 
The shift to Digital 3.0 will include sports — in fact it will have two business models. One will be live gaming with teams competing for cash and prizes in arenas full of thousands of screaming fans. The other will be the millions of digital natives playing sports games at home — where kids don’t want to … 
There exists an uncomfortable intersection between the public service of healthcare and the pursuit of profit. We’re in the midst of another recession. As the economy reopens, many of us are gearing up to go back to the doctor, to get the tests and treatments we’ve put off for so long. The question remains: How …