Regulation and compliance
Regulation
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The Small Business Administration has processed more than 476,000 applications from struggling small-business owners, but lenders say access to the second round of the Paycheck Protection Program has been spotty.
April 29 -
Some bankers, economists, policy experts and even Mark Cuban say that creative uses of overdraft programs could be lifelines for consumers and businesses whose finances have been upended by the coronavirus crisis.
April 28 -
Elected officials are better off deciding who’s most deserving of federally backed coronavirus relief funds for small businesses.
April 28 -
Facebook’s Libra cryptocurrency has been climbing uphill from the start, losing many prominent partners along the way — though the recent addition of Checkout.com will partially make up for those setbacks.
April 28 -
Lawmakers should approve a program to distribute stimulus funds using a government-sanctioned coin, which would be speedier than the current system.
April 28 -
The bank told customers that it wasn't accepting new applications for the rescue loans because it was trying to work through a backlog of requests already in its pipeline.
April 28 -
The two lenders are being more aggressive than other European banks in putting a price on the economic devastation caused by the coronavirus outbreak.
April 28 -
Portal crashes, technology glitches, last-minute changes in guidance, renewed suspicions about loan dispersal: Meet the new Paycheck Protection Program, same as the old Paycheck Protection Program.
April 28 -
Community banks that have used the Paycheck Protection Program to help businesses ride out the coronavirus outbreak are looking to turn that goodwill into deeper loan and deposit relationships down the road.
April 27 -
Queued-up loans. Extra bankers. Government tweaks to promote fairness. None of these precautionary measures has been enough for the second round of the Paycheck Protection Program to avoid the pitfalls of the first.
April 27 -
As banks accept new applications for the paycheck program, they are dogged by complaints that they prioritized wealthy borrowers. But lenders likely fast-tracked clients they knew best under difficult circumstances, observers say.
April 27 -
The New York-based credit union is set to absorb Hudson River Financial FCU and Columbia-Greene FCU following charter conversions at those institutions. Sunmark has picked up at least two other small CUs within the last 18 months.
April 27 -
The Small Business Administration's systems froze up shortly after the latest Paycheck Protection Program was launched Monday morning.
April 27 -
The latest version of the business lending initiative has $60 billion set aside for smaller lenders, including credit unions, but there are concerns the money will be allocated just as quickly this time as it was during the first round.
April 27 -
Lenders and small businesses are hoping this round goes more smoothly than the chaotic first one (and if it doesn't, Joe Biden warns, many mom-and-pop shops are done for); originators are adding staff, cutting marketing to handle massive uptick in refinance applications.
April 27 -
The billionaire investor and entrepreneur sees problems with small businesses having to apply for loans to get coronavirus relief. He says a more efficient approach would be to let them run negative balances on their bank accounts.
April 26 -
Lenders are being urged to prepare applications for the latest version of the Paycheck Protection Program.
April 24 -
Lenders are set to flood the SBA with new PPP applications; long nights and weekends the new normal; Fifth Third rethinks new-branch designs in light of coronavirus; and more from this week's most-read stories.
April 24 -
Banks would have drowned if lawmakers hadn't delayed the new accounting standard during the coronavirus pandemic.
April 24 -
The bill, which President Trump is expected to sign Friday, includes $310 billion more funding; the four largest U.S. banks took in $590 billion of the $1 trillion banks attracted.
April 24


















![“The way [Congress] went with PPP—it turned into a traditional banking application with all the concerns that banks are going to have about dealing with credit,” the investor and entrepreneur Mark Cuban said on a recent podcast.](https://arizent.brightspotcdn.com/dims4/default/eea2c8d/2147483647/strip/true/crop/3998x2249+0+209/resize/1280x720!/quality/90/?url=https%3A%2F%2Fsource-media-brightspot.s3.us-east-1.amazonaws.com%2F15%2Ffe%2Fc6dd9ac34092a967d8d72626f923%2Fcuban-mark-bl-042420.jpg)


