News Feed

John Adams
April 20, 2020 12:01 AM

Fast-moving payments innovation was already threatening comfortable connections between consumers and businesses before the pandemic turned the trend into an outright crisis.

4 Min Read
Neil Haggerty
April 17, 2020 5:34 PM

The Senate Banking Committee chair will work with the heads of other panels in overseeing the $2 trillion stimulus package that Congress passed last month.

1 Min Read
SEC building with official seal
Michael Cohn
April 17, 2020 5:17 PM

The Securities and Exchange Commission recently voted to exempt many smaller public companies from the Sarbanes-Oxley requirement for auditor attestations of their internal controls over financial reporting, but many companies have been able to bypass those audits anyway.

4 Min Read
Treasury Secretary Steven Mnuchin
IRS
Michael Cohn
April 17, 2020 4:28 PM

The Treasury Department and the Internal Revenue Service are partnering with the U.S. Department of Veterans Affairs to deliver economic impact payments automatically to veterans and their beneficiaries, without filling out extra forms, in response to the COVID-19 pandemic.

2 Min Read
Talia Pierluissi
April 17, 2020 4:06 PM

As coronavirus roils the economy, planners have a rare opportunity to show their worth and lock in client loyalty.

2 Min Read
A Chicago Transit Authority (CTA) bus driver wears a protective mask
Yvette Shields
April 17, 2020 3:44 PM

Federal operating aid will help manage the Illinois Regional Transportation Authority's expected tax and farebox hits this year but storm clouds loom.

4 Min Read
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Daniel Brunow
April 17, 2020 2:49 PM

Doing valuations of commercial real estate in the midst of the pandemic is complicated when professionals can't just hop on a plane.

3 Min Read
IRS-Building-light
Jeff Stimpson
April 17, 2020 1:55 PM

In addition to resources and information on various pandemic-related frauds, taxpayers can email the services tips directly.

1 Min Read
Jackie Reses, Square Capital lead
Penny Crosman
April 17, 2020 1:13 PM

Square Capital and other online lenders joined the Paycheck Protection Program just before it ran out of money. Now they’re ready and waiting for Congress to reload funds that could be better aimed at the smallest companies.

5 Min Read
“I don’t think … [halting dividends] is appropriate this time,” said Fed Chair Jerome Powell. But his predecessor, Janet Yellen, said holding on to income gives banks a “buffer” to further ”support the credit needs of the economy.”
April 17, 2020 10:42 AM

Large institutions say their strong capital positions allow them to reward investors, and the Fed agrees. But critics say this is the time to be preparing for a sharp downturn and continue helping those hurt by the coronavirus pandemic.

7 Min Read