Credit

Credit

Mnuchin to Let Emergency Credit Programs Lapse

If the economy "really goes south," the Treasury Secretary "will go down in history as the man who took away a safety net when it was really needed.”

Matthew Heller
November 20, 2020
Capital Markets

China’s Negative Yield Bond Gets Positive Response

The strong demand "shows investors are still underexposed to China and there definitely is a scarcity value perceived in these bonds"
Credit

PPP “Loan Necessity” Form Causes a Stir

A questionnaire asking borrowers to justify their $2 million-plus Paycheck Protection Program loans is confusing and burdensome, says the AICPA.
Credit

Main Street Program Gets First Nonprofit Borrower

The Sun Belt Conference's commissioner believes its $4.4 million loan from the Fed program is "really going to help us do what we need to do."
Credit

Banks Report Tightening Loan Standards in Q3

A Fed survey shows banks are continuing to raise the bar for lending in response to worsening economic conditions.
Credit

Court Orders Release of PPP Borrower Details

The decision was a victory for media organizations that sued the SBA for access to data about roughly $600 billion in COVID-19 loans to small businesses.
Regulation

Nebraska Voters OK 36% Cap on Payday Loan Interest

“This is a huge victory for Nebraska consumers and the fight for achieving economic and racial justice."
Credit

Rocket Companies Revenue Up 163% in Record Q3

The parent company of Rocket Mortgage and Quicken Loans reported adjusted revenue of $4.74 billion.
Cash Flow

Metric of the Month: Number of FTEs Performing the Order-to-Cash Process

Optimizing the order-to-cash value chain requires end-to-end process management.
Bankruptcy

Small Businesses Embracing Subchapter V Bankruptcies

The COVID-19 economic downturn has small businesses considering Subchapter V bankruptcy filings over other options.
Legal

LIBOR No More: Transition Creates Challenges

In a perfect world, the respective parties to loan documents could simply agree that an alternate rate is needed. But the world is not perfect.
Credit

Banks Prepare for ‘Big Bang’ Switch From LIBOR

The SOFR referencing rate is estimated to cover interest rate swaps on more than $80 trillion worth of notional debt.
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