Confusion muddles PPP loan forgiveness processes
Banks scrambling to process Paycheck Protection Program loans will soon have to parse borrowers’ spending data to determine whether those ...
Tag: Coronavirus
Bank of America customers sent $27 billion through Zelle in Q1
Bank of America customers are shifting toward digital tools. According to data released by the bank, supplementing its earnings call ...
OnDeck, BlueVine are latest fintechs to provide PPP loans
As digital lenders finally make their move into Paycheck Protection Program loans, fintechs OnDeck and BlueVine partnered with banks this ...
PPP confusion prompts banks to revert to manual processes
Lenders participating in the SBA’s Paycheck Protection Program are trying to find a balance between speed and diligence. On the ...
Community bank embraces digital to deliver $50M in PPP loans
The technological upgrades Happy State Bank made prior to the COVID-19 crisis has helped the lender service and onboard customers ...
LendingTree: Personal loan inquiries at calendar-year lows
The COVID-19 crisis is taking its toll on the personal loan industry. According to data from LendingTree, the publicly traded ...
Weekly Wrap: SBA loans, SoFi and Galileo take center stage
One week after the Small Business Administration launched its Paycheck Protection Program, banks and fintechs alike are still navigating best ...
Fintechs push education for struggling customers
Challenger banks are finding their educational and budgeting tools increasingly relevant as the novel coronavirus rattles the economy. “This is ...
Banks retool customer service in the scramble for PPP loans
Banks are feeling the pressure of small businesses nationwide applying for Paycheck Protection Program loans. With the launch of the ...
Better.com profits from low interest rates and recent layoffs
Laid-off hospitality workers can start new careers as loan officers with Better.com. The digital mortgage lender plans to hire 1,000 ...
