Paycheck Protection Program

Crapo to lead Senate's oversight of coronavirus rescue

04/17/20

The Senate Banking Committee chair will work with the heads of other panels in overseeing the $2 trillion stimulus package that Congress passed last month.

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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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The new bankers' hours: Long nights and weekends

04/17/20

Stress and exhaustion are catching up to lenders and call center employees helping customers grapple with the coronavirus pandemic.

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Hundreds of thousands of emergency small-business loan applications in limbo

04/16/20

The Small Business Administration stopped approving loans when the Paycheck Protection Program hit its cap.

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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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JPMorgan's outlook for 2020: More pain ahead

04/14/20

Though hopeful for a second-half bounceback in the economy, JPMorgan Chase is prepared for 20% unemployment, lackluster GDP and losses in its loan portfolio that could reach tens of billions of dollars.

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Banks meet ‘mad scramble’ for loan deferments, but at what cost?

04/13/20

By helping borrowers now, banks hope customers can quickly catch up on payments once the coronavirus pandemic ends. If they can’t, interest income will remain low and charge-offs could pile up if the crisis drags on.

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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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SBA’s Amazon-assisted save, W.Va. bank failure, BofA’s selective lending: Top stories of the week

04/10/20

After opening-day fiasco, SBA upgrades lender portal with Amazon assist; West Virginia’s First State Bank closed by regulators; BofA offers emergency loans to borrowers first, freezing out depositors; and more from this week’s most-read stories.

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