loans

SBA Eyes Fees Paid To Rocket Loans, Contractor In Loan Program
SBA Eyes Fees Paid To Rocket Loans, Contractor In Loan Program
August 30, 2020  |  Loans

The U.S. government’s Economic Injury Disaster Loan (EIDL) program, plagued by delays and fraud, has created attention for a firm that netted around $800 million...

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Australian Bank Debuts BizExpress To Speed Up SMB Financing
Australian Bank Debuts BizExpress To Speed Up SMB Financing
August 27, 2020  |  B2B Payments

Commonwealth Bank of Australia (CBA) has introduced a new digital service that expedites the distribution of pandemic-related loans, allowing small- to medium-sized businesses (SMBs) to...

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Report: Lawmakers Frustrated That Treasury Is Sitting On $454B In COVID-19 Aid
Report: Lawmakers Frustrated That Treasury Is Sitting On $454B In COVID-19 Aid
August 27, 2020  |  Politics

Some $454 billion allocated for the federal government’s COVID-19 response remains unused, The Wall Street Journal reported on Thursday (Aug. 27). Get the Full Story...

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BNPL Firm Zip Teams With eBay Australia For SMB Financing
BNPL Firm Zip Teams With eBay Australia For SMB Financing
August 26, 2020  |  B2B Payments

To provide small- to medium-sized businesses (SMBs) with access to working capital, buy now, pay later (BNPL) provider Zip Co. Limited has teamed with eBay...

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Report: Citigroup’s $900M Error Was Caused By Software Installation
Report: Citigroup’s $900M Error Was Caused By Software Installation
August 26, 2020  |  Banking

Citigroup Inc. has discovered obsolete software caused a nearly $1 billion problem earlier this month. Get the Full Story Complete the form to unlock this...

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Lenders Ask Homebuyers To Certify They Won’t Seek Forbearance
Lenders Ask Homebuyers To Certify They Won’t Seek Forbearance
August 25, 2020  |  Loans

Mortgage lenders, seeking to keep losses low, are asking homebuyers if they plan to seek forbearance due to the current economic crisis, The Wall Street...

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Xero To Buy SMB Financing Platform Waddle For Up To $57.5M
Xero To Buy SMB Financing Platform Waddle For Up To $57.5M
August 25, 2020  |  B2B Payments

As it aims to expand its small business platform, accounting software provider Xero plans to acquire cloud-based lending company Waddle through an arrangement valued as...

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India’s Future Retail Narrowly Avoids Debt Default
India’s Future Retail Narrowly Avoids Debt Default
August 24, 2020  |  Debt

Future Retail, a sprawling brick-and-mortar operation owned by Indian billionaire Kishore Biyani, made a $14 million interest payment to debt-holders on Monday (Aug. 24) –...

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Mall Of America Avoids Foreclosure
Mall Of America Avoids Foreclosure
August 21, 2020  |  Retail

The bad news continues to pile up for the mall sector. With real estate investment trust CBL Properties reportedly preparing to file for bankruptcy earlier...

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