News Feed

IRS headquarters in Washington, D.C.
Michael Cohn
April 14, 2020 1:15 PM

The Internal Revenue Service is encouraging taxpayers to file their taxes electronically during the three-month extension period for this year’s tax season.

1 Min Read
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Sean McCabe
April 14, 2020 1:13 PM

The CPA Exam testing administrator stated that its test centers will now be closed through April 30, 2020, with a tentative May 1 re-opening.

2 Min Read
JPMorgan Chase provision for loan losses
By Jon Prior
April 14, 2020 12:54 PM

Though hopeful for a second-half bounceback in the economy, JPMorgan Chase is prepared for 20% unemployment, lackluster GDP and losses in its loan portfolio that could reach tens of billions of dollars.

4 Min Read
Sarah Wynn
April 14, 2020 12:52 PM

Due to the coronavirus, a plant in Indiana may not be able to make its bond payments.

2 Min Read
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Rob Blackwell
April 14, 2020 12:16 PM

Unlike in 2008, banks have become a steady force during the coronavirus pandemic.

4 Min Read
Bitcoin
Sean Stein Smith
April 14, 2020 11:45 AM

Around the same time a sorely needed economic relief package made its way through Congress into law to try to offset the economic wreckage of COVID-19, a unique proposal came to light.

5 Min Read
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Kyle Walters
April 14, 2020 10:38 AM

The guys in the brown uniforms became United Problem Solvers; why are you still pushing tax returns?

2 Min Read
"I will support anything that I think can help people and help businesses stay in business," said Sen. Sherrod Brown, D-Ohio, the top Democrat on the Senate Banking Committee.
Neil Haggerty
April 14, 2020 9:33 AM

Republicans balked at measures like an overdraft fee ban and interest rate cap in the recent stimulus bill, but Sen. Sherrod Brown, D-Ohio, isn’t done trying to add such proposals to future relief packages.

7 Min Read
Paycheck protection program application form
Ranica Arrowsmith
April 14, 2020 5:09 AM

PayPie is offering access to its network of Small Business Association-authorized lending partners to businesses seeking funds through the SBA Payroll Protection Program during the COVID-19 pandemic and economic slowdown.

1 Min Read
Questions about loans deferrals
By Jim Dobbs
April 13, 2020 9:15 PM

By helping borrowers now, banks hope customers can quickly catch up on payments once the coronavirus pandemic ends. If they can’t, interest income will remain low and charge-offs could pile up if the crisis drags on.

4 Min Read