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…
How COVID-19 is Impacting Business Value and What Owners Can Do to Defend It
COVID-19 has impacted businesses differently, depending on industry and pre-pandemic approach. For some companies, it has opened up new opportunities and accelerated revenue. For others, the business pipeline has slowed….