Coronavirus

More consumer and commercial borrowers are paying their loans, increasing the likelihood that charge-offs will be manageable for banks despite the ongoing pandemic.

American Express Co. began reopening offices in New York and London this week even as it told employees that they can continue working from home through June 2021 if they wish.

Integrated payments have rapidly become critical to maintaining, and in some cases improving, operational stability, says Paya's Jeff Hack.

At a time when many lenders are shying away from an industry hit hard by the pandemic, State Bank of Texas is going all in.

The new order is the strongest move yet by a U.S. bank to require employees to return to the workplace.

A new program will provide tuition-free schooling opportunities for those who stayed on the job during the state's lockdown earlier this year.

The 57 charges involve $175 million allegedly stolen from the small-business loan program. Defendants are accused of lying on their applications and using funds to buy cars, jewelry and other luxury items.

As the coronavirus began to sweep through Europe and the U.S. during the early spring, Phillip McGriskin was in the middle of a crucial funding round.

The Senate Banking Committee met Wednesday to review central bank lending facilities such as the Main Street Lending Program, which provides bank-issued loans to middle-market firms. But some lawmakers on the panel said the focus of pandemic relief has been misplaced.

It could take years for the air travel industry to recover from the pandemic, but some of the airlines' responses could fuel other payment streams.

A pandemic-driven surge in bank deposits helped drive the agency's insurance reserves below their statutory minimum.

Only one of the 118 loans bought by the Federal Reserve through Aug. 31 was close to the $250,000 minimum in the rescue program, aimed small to midsize businesses hurt by the pandemic.

Bank of America announced how it plans to spend a third of its $1 billion commitment to address racial and economic inequities and the effects of the coronavirus pandemic in communities of color.

Thanks to a donation from the Credit Union Federation of Korea, the global trade group is working with international partners to distribute personal protective equipment to institutions in need.

Fintech lenders that reported a surge in missed payments at the start of the pandemic have seen credit quality rebound substantially since. But credit performance could still deteriorate if high unemployment persists and Congress fails to enact more relief measures.

The bank said the conduct includes “instances of customers misusing Paycheck Protection Program Loans, unemployment benefits and other government programs.”

A new jobs report was better than expected, but recent NCUA data on credit union performance for the first half of 2020 shows how hard the industry has been hit by COVID-19.

A mix of online, offline and point of sale credit is necessary to manage new retail models, says PPRO's Steve Villegas.

Laughter in the workplace helps boost employee morale, something critically needed in 2020.

Donor management provider Pushpay has added new software that will help churches target donations through digital channels while providing more interactions and communication within congregations.