Personal Finance News
FinTech News
Images of Google's Reported Debit Card Project Surface
Over the past several months, a number of FinTechs have debuted their own takes on a debit card product. From Square to Robinhood and SoFi to Long Game, each of these offerings complimented the company's other services, hopefully incentivizing users to come aboard. Now it looks like a much larger corporation is looking to enter the FinTech debit card space: Google. According to TechCrunch, which obtained images of the upcoming...
Economic News
Shake Shack to Return Paycheck Protection Program Loan to SBA
Last week when it was announced that the Small Business Administration's (SBA) Paycheck Protection Program (PPP) had run through its original $349 billion in funding, there was plenty of anger to be found all around. While some were frustrated with Congress for not authorizing additional funding and with the SBA for not providing clearer instructions for banks to follow, others were upset to find that some national chains such as...
Small Business News
SBA Announces $349 Billion Paycheck Protection Program is Tapped Out
As part of the $2 trillion CARES (Coronavirus Aid, Relief, and Economic Security) Act passed by Congress and signed by the President, the Small Business Administration (SBA) launched the Paycheck Protection Program (PPP) meant to help small business owners and their employees. These low-cost loans were not only meant to help businesses stay afloat at a time when local and state restrictions are asking non-essential businesses to shutter but also...
FinTech News
SoFi Set to Acquire Fellow FinTech Galileo
Even in the face of a pandemic, FinTech marches on. Not only have we seen firms reporting new funding rounds during these challenging times but we have also seen some online banking offerings experiencing increased sign-ups. Now there's more good news for the industry as the streak of acquisitions we've seen so far this year has extended by one. Last week, SoFi (short for "Social Finance") announced plans to acquire...
Personal Finance News
Study Calculates "Taxpayer ROI" for Every State
Under normal circumstances, today (April 15th) would be Tax Day in the United States of America. However, with the COVID-19 pandemic all but shutting down the economy, this year's filing deadline has been moved to July 15th instead. Still, in the spirit of tax season, the personal finance site WalletHub recently compiled a study on "taxpayer return on investment" — or "taxypayer ROI." Moreover they then ranked each state to...
Small Business News
OnDeck Now Accepting SBA Paycheck Protection Program Applications
When Congress voted to pass a more than $2 trillion dollar stimulus package meant to support the economy during the COVID-19 crisis, the element that stood out to most Americans was the $1,200 direct payments that would be sent to some taxpayers. However, for small business owners, it was the Paycheck Protection Program (PPP) that garnered the most interest. Unfortunately the program has seen a bit of a rocky start...
FinTech News
