For many companies, workforce continuity planning was relegated to the back burner in favor of day-to-day tasks or pressing deadlines. Then came the coronavirus pandemic, which disrupted business as usual…
Main Street Lending Program Expanded to Support Nonprofit Organizations
Educational institutions, hospitals, social service organizations and other nonprofits are now eligible to apply for funding through the Main Street Lending Program (MSLP), thanks to a recent expansion of the…
New Payday Loan Alternative Offers More Benefits for Credit Unions and their Members
Credit unions now have another option to offer members quick access to funds without the high interest rates, rollovers and balloon payments that accompany traditional payday lending options. In September…
Escrow Account Restrictions Eased for Certain Lenders Under CFPB Proposal
Certain depository institutions and insured credit unions are no longer required to establish escrow accounts for certain higher-priced mortgage loans (HPML), according to a July 2, 2020 proposal from the…
Employee Best Practice: Conduct a Mid-Year W-4 Check-Up
Personal federal withholding check-ups have long been recommended for employees, but the disruption associated with the coronavirus pandemic makes this best practice even more vital in 2020. With so many…
