Credit

Credit

U.S. Household Debt Hits Record $1.4 Trillion

Americans beefed up their mortgage balances to a new high, taking advantage of near-zero interest rates.
Credit

A Financed Emissions Standard for Banks

The PCAF standard is a response to the growing recognition that financial institutions play a key role in shaping the future of our planet.
Credit

Loan System Bugs Holding Up PPP Loans: AICPA

In a letter to the SBA this week, the AICPA said legitimate loan applications are being denied acceptance because they are being incorrectly flagged.
Credit

Banks Paused Tightening in Q4

Many U.S. financial institutions left loan standards unchanged for business and real estate credits, as demand weakened.
Credit

Robinhood Raises $1B Amid GameStop Firestorm

The stock trading app company also accessed $500 million through existing credit lines.
Credit

Visa Beats Estimates on Online Shopping Surge

“Our performance in the fiscal first quarter reflected solid results and continued positive momentum in a challenging COVID-19 environment."
Capital Markets

Startup CFOs: Consider Adding Debt to the Funding Stack

Could startups and VC investors be better served by capital structures that more closely mimic the ones that private equity uses?
Credit

Low Rates, Fewer Loans Cut BofA’s 4Q Profits

Bank of America's results were helped by an $828 million release from its reserves for expected loan losses.
Credit

PPP Reopens With $284B for Small Business Loans

The revamped COVID-19 relief program also allows some companies to apply for a second draw of up to $2 million.
Credit

Congress Includes PPP Extension in New Relief Bill

PPP borrowers will also be able to deduct expenses paid for with their loans, reversing an earlier IRS decision.
Credit

Capital One Halts Buy-Now-Pay-Later Credit Card Transactions

The company said the rapidly growing market was risky for consumers.
From the Editor

2021 Wish List

Remote work, small businesses, the federal government's balance sheet, health care — they will all require attention.
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Latest Articles

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