Fintech

Wells' PPP advice, Chase halts home equity loans, TD's coronavirus head start: Top stories of the week

04/17/20

Wells Fargo tells business clients to consider other banks for emergency loans; JPMorgan Chase is temporarily reducing its exposure to the mortgage market; how TD Bank got a head start on pandemic preparations; and more from this week's most-read stories.

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‘Leave room for the little guys’: Square's advice for PPP 2.0

04/17/20

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.

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Dear Congress: Don’t let initial PPP be final word on small-business aid

04/15/20

The SBA’s Paycheck Protection Program is nearly depleted, but there are ways small banks and fintechs, with help from Congress, can remedy the situation.

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Fintechs help banks manage deluge of emergency small-business loans

04/14/20

Online lenders, core providers and software companies have created digital platforms that speed up and simplify Paycheck Protection Program loans for businesses reeling from the coronavirus pandemic.

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The difference during this crisis? Customers trust their banks.

04/14/20

Unlike in 2008, banks have become a steady force during the coronavirus pandemic.

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Fintechs OK'd to make emergency small-business loans

04/13/20

PayPal, Intuit QuickBooks Capital and Square Capital have been named direct lenders in the Paycheck Protection Program, and more await the OK. They could be crucial to reaching the smallest firms trying to survive the economic toll of the coronavirus pandemic.

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Small banks don't have to take a backseat to fintechs

04/13/20

A combination of digital and cloud capabilities, data gathering and regulatory experience should give smaller banks an edge over nonbanks.

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Chime expands coronavirus stimulus check advances to 100,000 customers

04/09/20

Customers in the challenger bank's pilot program drew down an average of $200 each in advance of the government's $1,200 payments.

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Alternative lender rolls out contactless card amid pandemic

04/09/20

Upgrade's hybrid loan-card product can now be used without swiping as consumers and retail workers seek to minimize spread of novel coronavirus.

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After opening-day fiasco, SBA upgrades lender portal with Amazon assist

04/08/20

The agency overhauled its system for the Paycheck Protection Program on Wednesday. Lenders hope it addresses the access issues and a crash that bedeviled the effort’s first week.

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