Fraudsters are licking their chops at the prospect of businesses and financial services extending remote working because of the coronavirus pandemic.
A Democratic measure to freeze foreclosures and auto repossessions through the coronavirus crisis while expanding eligibility for loan forbearance is getting strong pushback from banks and credit unions, which complain it would constrain credit.
Every firm and many businesses are going through a crisis like none that anyone could foresee, or one that any of us have had to ever navigate before.
Customers normally receive debit and credit cards inside a branch. Now banks are shifting the process to their drive-throughs and finding alternative ways for cardholders to key in their PINs.
The Institute of Certified Management Accountants also announced a change in the testing window schedule for 2020, due to COVID-19.
Business operations need cash influxes now more than ever.
The American Institute of CPAs’ Council elected Tracey Golden, an audit partner with Deloitte, as AICPA chair for a one-year term, during the governing group’s first-ever virtual Council meeting.
Unlike past economic recessions where businesses and consumers have had to adjust their payment habits and debt levels over the course of months or quarters as the economy shrank, the coronavirus-induced economic crisis has forced many to make much more abrupt financial adjustments.
Jennifer Roberts, the company's head of business banking, details a process to have units work one-on-one with customers to get Paycheck Protection Program funds deployed faster.
Accountants are looking cautiously at the prospects for reopening the economy, shares Ohio Society of CPAs president and CEO Scott Wiley -- and they have an important part to play in that.