Latest news

Latest news

Lawmakers put banks on notice: Stop charging overdraft fees during the coronavirus pandemic

With roughly 22 million Americans now out of work due to the coronavirus, having enough money to cover bills and buy essentials is a real concern for many. Those attempting to stretch their budgets this month may wind up overdrawing their account and....

JPMorgan says it has $26 billion in small business relief applications that need funding

JPMorgan Chase says it has closed more small business relief loans than any other bank, but it still has a huge mountain of applications from business owners who are now in limbo. The bank has disbursed $14 billion in loans for the government’s $....

The Paycheck Protection Program needs better oversight on how the money is granted, critics say

Congress is hashing out the terms for the next package of federal loans for small businesses, even as millions of entrepreneurs still have no idea whether help is on the way. The Paycheck Protection Program, a $349 billion federal forgivable loan....