small business

No More Bailouts


I have a new white paper out from the Roosevelt Institute's Great Democracy Initiative. The paper, which is co-authored with Lindsay Owens and Ganesh Sitaraman, proposes a standing emergency economic stabilization authority to provide an off-the-shelf immediately available response to common problems that recur in national economic crises.


Neobanks catering to self-employed see influx during pandemic


Challengers like Joust, Lili and NorthOne that offer banking services to freelancers and small-business owners are getting record levels of new customers as the traditional workforce thins.


Wave Financial bundles bookkeeping and banking in one account


The maker of accounting and invoicing software is, with the help of a community bank, the latest fintech to cater to small-business owners.


Here's Congress's chance to help black communities


A blueprint that includes more CRA and tax credits for lower-income African Americans would help a demographic disproportionately harmed by the coronavirus pandemic.


Alibaba launches interest-free financing for U.S. small businesses


The new product, which comes as an earlier partnership with the online lender Kabbage is sputtering, figures to appeal to companies with tight cash flows.


Justice Dept. asks United Community for PPP documents


The Georgia company said the agency is looking at its policies for paying, or withholding, Paycheck Protection Program fees to borrowers' agents.


Pot banking rules grow hazier during pandemic


Bankers have become more uncertain about how to serve marijuana businesses owing to confusion about which states deem them essential.


An insider account of JPMorgan's PPP approach


Jennifer Roberts, the company's head of business banking, details a process to have units work one-on-one with customers to get Paycheck Protection Program funds deployed faster.


New challenger bank caters to freelancers, gig workers


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.


PPP is a compliance minefield for banks


Regulators need to give more detailed guidance on the coronavirus relief program for small businesses so lenders don’t get trapped in underwriting mistakes down the road.