Lenders set to flood SBA with new PPP applications
Lenders set to flood SBA with new PPP applications A backlog has formed since the first round of Paycheck Protection Program funding dried up, threatening to further strain a platform that struggled to handle the initial workload.
'Leave room for the little guys': Square's advice for PPP 2.0
Square Capital and other online lenders joined the Paycheck Protection Program just before it ran out of money. Now they're ready and waiting for Congress to reload funds that could be better aimed at the smallest companies.
The McLean, Va.-based company admitted that it failed to file suspicious activity reports even in cases when it knew about criminal charges against specific customers. The misconduct took place in a unit that served check-cashing businesses and was later shut down.
South African bank's approach to chatbots offers lessons for U.S. players; small lenders embrace automation for latest PPP round; flush with capital, Canadian banks eye U.S. acquisitions; and more from this week's most-read stories.