Coronavirus Impact
Coronavirus Impact

Evidence suggests some minority-owned businesses can’t access loans, and the Trump administration is under pressure to report borrower demographics. The issue is gaining attention against the backdrop of protests over the George Floyd killing.

June 14
10 Min Read
“Small businesses should not need to spend precious resources on an accountant or attorneys to finalize their forgiveness application,” wrote the senators, led by Sen. Sherrod Brown, D-Ohio, among others.

The lawmakers cited concerns from small businesses that the current application to have coronavirus relief loans forgiven is “especially burdensome, time-consuming, and costly.”

June 12
1 Min Read

PNC open to deal that would boost assets to $700 billion; banks take hard line against accountants seeking fees for PPP referrals; rush to online banking during coronavirus has hackers salivating, bureau says; and more from this week's most-read stories.

June 12
1 Min Read

The success of Isbank's Maxi service is a lesson for all banks: Chatbots, with the right training, can provide the kind of human touch customers need in times like these.

June 12
5 Min Read
BankThink

Even in the face of a threat as substantial as coronavirus, cash is not apt to ever fully go away.

June 12
2 Min Read
Shoppers wearing protective masks take an escalator in the Patio Brasil shopping mall in Brasilia, Brazil.

Latin America is seeing a surge in digital wallet adoption as governments seek ways to disburse coronavirus aid to vulnerable citizens, and consumers look for safe alternatives to cash.

June 12
6 Min Read
CUJ-061020-NETWORTHRATIO.jpeg

The industry was well positioned in terms of net worth before the pandemic and recession, but some institutions could run into issues with sluggish earnings and a surge in deposits.

June 12
6 Min Read
Angie Holsen, senior director of commercial client relationships at PRGX Global.

Inaccurate payments have plagued accounts payable and receivable departments from the time suppliers' contracts and invoices were stored in boxes and file drawers to the dawn of data-driven digital transactions.

June 12
3 Min Read
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