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The Small Business Administration’s loan processing platform went down Monday for as long as four hours, temporarily halting the ability of lenders to process loans for small business owners seeking relief from the impact of the coronavirus.
April 7
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Soaring demand for loans from firms hard hit by the coronavirus pandemic has led to predictions that the program could soon run out of funds.
April 7
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The coronavirus pandemic has halted nearly all spending on travel, leading Airbnb to the private equity market to shore up operations and mitigate a slump in rental revenue.
April 7 -
The regulator must speed up its capital reform efforts while taking immediate steps to reduce the examination burden.
April 7
National Association of Federally-Insured Credit Unions -
The acquisition would give SoFi control of a technology platform that is currently used by some of its competitors in digital banking.
April 7
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The government should encourage community lenders to offer six-month loan repayment forbearances to struggling businesses before it’s too late.
April 7
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After considering requests from competition agencies in six nations, the European Commission says Mastercard's acquisition of a majority of Denmark payments provider Nets last summer may violate antitrust rules.
April 7 -
TrueAccord has expanded a platform, originally designed for banks, to assist borrowers hurt by the coronavirus pandemic.
April 7
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Lenders and government guarantors can use loan technology to bring immediate relief to business owners, former OCC official Jo Ann Barefoot says.
April 7
Alliance for Innovative Regulation -
The Cincinnati company will hire about 950 workers to meet heightened demand for loan deferrals and other forms of relief clients are seeking to weather the economic fallout of the coronavirus outbreak.
April 7
