2020-05-01
By Salene Mazur Kraemer, Esq.Bernstein-Burkley On Thursday, April 30, 2020, the IRS released Notice 2020-32 [referencing Internal Revenue Code section 265(a)(1)] establishing whether expenses are tax-deductible if paid with proceeds from the Paych
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2020-05-01
Organizers of Rockpoint Bank still need to raise $30 million before opening.
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2020-05-01
Lawyer to Help You Discharge Medical Bills in Bankruptcy
Read More from: The law offices of David M. Offen
2020-05-01
The country may be shut down for business right now, but it’s business as usual for many credit card lenders.
Read More from: The law offices of David M. Offen
2020-05-01
April 29, 2020From: JD SupraBy: Kathleen Muthig; Haynsworth Sinkler Boyd, P.A.
As the COVID-19 pandemic marches on, more homeowners than ever are seeking assistance from their lenders.
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2020-05-01
The Home Loan bank will make zero-interest loans, match charitable donations that members make to nonprofits and small businesses, and provide additional funding for economic development grants.
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2020-05-01
When Does a Small Business File for Bankruptcy? And 8 More Questions
The coronavirus is expected to permanently shut millions of small businesses in the next several months. Here are issues for owners to consider.
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2020-05-01
Regulators need to revamp their proposal to overhaul the Community Reinvestment Act now that the coronavirus outbreak has created unforeseen financial needs.
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2020-05-01
More companies will be eligible to apply for the four-year loans, including those with high debt loads; four-year loans will be offered to European banks with rates as low as minus 1% as the eurozone economy tanks.
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2020-04-30
The Justice Department has begun a preliminary inquiry into how taxpayer money was lent out under the Paycheck Protection Program and has already found possible fraud among businesses seeking relief, a top official said.
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2020-04-30
Funneling fees from emergency loans to feed the hungry. Supporting psychological counseling for health care heroes and financial advice for the poor.
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2020-04-30
Visa pulled its financial outlook for the rest of the year, but it already has visibility into permanent changes that result from the coronavirus — such as an aversion to handling cash.
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2020-04-30
Wells Fargo will temporarily stop accepting applications for home equity lines of credit, following a similar move by rival JPMorgan Chase.
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2020-04-30
In round two of the Paycheck Protection Program, the bank has sent some 256,000 loan applications to the Small Business Administration for processing.
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2020-04-30
Consumer groups are poised to take the bureau to court over its gutting of underwriting requirements, while House Democratic leaders could attempt a repeal through the Congressional Review Act.
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2020-04-30
The S&P CoreLogic Case-Shiller home price index hasn't yet reflected the impact of the coronavirus, but an independent market maker has some thoughts on how it might.
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2020-04-30
The millions of dollars earned from Paycheck Protection Program transactions will help cover rising provision costs tied to the new CECL accounting standard and coronavirus shocks to loan books.
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2020-04-30
The online lender reported a hefty first-quarter loss on Thursday and said that a whopping 45% of its small-business loans are past due.
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