Coronavirus Impact
Coronavirus Impact
PSO50720LovellMinnickcorrectedtwo

Coronavirus has taken a massive toll on suppliers, and emerging invoice methods are getting thrust into the mainstream to rescue cash-strapped businesses.

May 12
4 Min Read
The Main Street Lending Program is aimed at midsize manufacturing, retail and other companies. Firms with no more than 15,000 employees or $5 billion in annual revenue are eligible for loans of as much as $500,000.

The agency is being methodical in its rollout of the Main Street Lending Program in hopes of avoiding missteps that followed the launch of other coronavirus relief efforts. But observers say delaying aid brings its own risks.

May 11
6 Min Read
Sens. Cory Booker, left, and Ben Cardin want $10 billion set aside for community development financial institutions with records of serving women- and minority-owned businesses.

Lawmakers are pushing for better data on who's receiving loans in hopes that more funds will be directed to lenders that serve women- and minority-owned businesses.

May 11
5 Min Read
“The final rule allows certain banks and credit unions to continue to provide estimates of the exchange rate and certain fees under certain conditions,” the CFPB said in a press release.

The agency will allow institutions providing 500 or fewer transfers a year to estimate costs in consumer disclosures rather than quote exact figures.

May 11
2 Min Read
Survey of financial services CFO's attitudes about return to work after COVID-19

Financial institutions are looking for a way to return some employees to their workplaces while prioritizing safety. The answer may involve contact tracing technology and the automation of a wide range of activities.

May 11
9 Min Read
Capitol Hill-flag

Rodney Hood, chairman of the National Credit Union Administration, will testify before the Senate Banking Committee about how the regulator and the industry have responded to the coronavirus pandemic.

May 11
2 Min Read
BankThink

Historical data doesn’t paint a sufficient picture in a business climate characterized by rapid, unexpected change and lingering uncertainty, says MSTS' Brandon Spear.

May 11
2 Min Read
Wealth Think

In a still male-dominated industry, does the network help attract and keep more women at the firm? CEO Shirl Penney says yes and has the results to prove it.

May 11
2 Min Read
The Latest