BankThink

SBA, Treasury release more guidance on PPP loan forgiveness

05/15/20

The agencies produced an application process that includes favorable interpretation of qualifying expenses.

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New challenger bank caters to freelancers, gig workers

05/15/20

Oxygen helps customers obtain business licenses and separate their personal and business lives. Its says its services will be in demand as the pandemic accelerates a shift away from traditional jobs.

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Regulators temporarily ease key capital measure for large banks

05/15/20

The interim rule will allow institutions with over $250 billion of assets to exclude certain assets from the supplementary leverage ratio to help them respond to the economic fallout from the coronavirus pandemic.

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Fed warns corporate debt risk could soar the longer pandemic lasts

05/15/20

The central bank's Financial Stability Report said companies may face difficulties repaying debt given lower earnings, “which could trigger a sizable increase in firm defaults."

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Pad reserves or buy out a rival? BlackRock haul gives PNC options

05/15/20

The Pittsburgh company’s sale of its stake in the asset manager yielded billions of dollars that could cushion the pandemic’s economic blow and eventually help fund a big acquisition.

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Servicers get flak, Bisignano’s Fiserv play, lenders on PPP hook: Top stories of the week

05/15/20

Complaints to the CFPB hit an all-time high, with mortgage servicers getting much of the fire; Frank Bisignano details his priorities as Fiserv’s new CEO; lenders worry they could be stuck with billions in Paycheck Protection Program loans; and more from this week’s most-read stories.

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Meta Financial to handle refund-advance loans for H&R Block

05/15/20

The agreement comes a day after Axos Financial warned that H&R Block was ending their six-year-old partnership.

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Cheat sheet: 7 measures in House coronavirus bill that matter to banks

05/15/20

Democrats’ latest proposal to back debt collectors, enable loans for nonprofits and provide other relief could help steer negotiations with the Senate on more stimulus.

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How businesses are surviving the pandemic

05/15/20

Our second monthly survey found a smooth transition to remote work and digital customer access channels — but technology issues still arose. The pandemic has highlighted the importance of having a strong digital presence across all retail sectors, including financial services.

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Coronavirus scams are proliferating. Smart tech can stop them.

05/15/20

Artificial intelligence and machine learning are some examples of technology available now to help combat money launderers profiting from the pandemic.

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