treasury

UK Treasury Nixes Idea For New Coronavirus Funding Scheme
UK Treasury Nixes Idea For New Coronavirus Funding Scheme
July 02, 2020  |  B2B Payments

The U.K. Treasury will not be rolling out a proposed emergency coronavirus funding scheme that would have sent billions to providers of supply chain finance,...

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$1.4B In Pandemic Stimulus Checks Went To Dead People
$1.4B In Pandemic Stimulus Checks Went To Dead People
June 25, 2020  |  Coronavirus

Pandemic stimulus payments totaling almost $1.4 billion went to dead people as the Internal Revenue Service (IRS) and Treasury Department rushed to send out $269...

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J.P. Morgan: Treasurers Are Critical To Helping Firms Plan For Business Resiliency
J.P. Morgan: Treasurers Are Critical To Helping Firms Plan For Business Resiliency
June 25, 2020  |  B2B Payments

With the global pandemic tossing many organizations into a digitization crash-course, business continuity has remained top of mind for the C-suite. It will continue to...

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Profile Software Unveils FX Risk Management Tool
Profile Software Unveils FX Risk Management Tool
June 19, 2020  |  B2B Payments

In an effort to provide complete management of foreign exchange risk, financial solutions provider Profile Software rolled out its Acumennet eFX offering. The technology was created...

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House Investigates Bank Procedures For PPP Loan Processing
House Investigates Bank Procedures For PPP Loan Processing
June 16, 2020  |  B2B Payments

A U.S. House panel is investigating if multiple banks gave preferential treatment to large, well-funded firms compared to companies in minority or isolated areas when...

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Warren, Mnuchin Clash Over PPP
Warren, Mnuchin Clash Over PPP
May 19, 2020  |  Loans

In the most contentious moments of the Senate Banking Committee’s inquiry into the $2 trillion CARES Act on Tuesday (May 19), Sen. Elizabeth Warren clashed...

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Mnuchin, Powell To Face Senate Over PPP, Stimulus Funds
Mnuchin, Powell To Face Senate Over PPP, Stimulus Funds
May 19, 2020  |  Loans

Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell will testify remotely before the Senate on Tuesday (May 19) regarding the disbursement of coronavirus...

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Treasury: 4 Million IRS Stimulus Payments To Be Sent Via Visa Prepaid Debit Card
Treasury: 4 Million IRS Stimulus Payments To Be Sent Via Visa Prepaid Debit Card
May 18, 2020  |  Disbursements

The U.S. Treasury Department and the IRS are planning to send out around 4 million Economic Impact Payments (EIP) via Visa prepaid debit cards rather...

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SBA Revises Guidance On PPP Loan Forgiveness
SBA Revises Guidance On PPP Loan Forgiveness
May 13, 2020  |  Loans

The Paycheck Protection Program (PPP) has been nothing if not fluid. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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