Stacy Cowley
Posts
Racial Bias Skewed Small Business Relief Lending, Study Says
Black business owners were more likely to get Paycheck Protection Program loans from online lenders than banks, according to new research.
S.B.A. Overpaid $4.5 Billion on ‘Illogical’ Small Business Grant Claims
A program gave money to 700,000 self-employed people who improperly claimed to have as many as a million employees, according to an inspector general’s report.
S.B.A. Overpaid $4.5 Billion on ‘Illogical’ Small Business Grant Claims
A program gave money to 700,000 self-employed people who improperly claimed to have as many as a million employees, according to an inspector general’s report.
Consumer Bureau Chief Confirmed in Close Senate Vote
The incoming director of the Consumer Financial Protection Bureau, Rohit Chopra, is expected to use his position to rein in financial firms.
Navient, with 6 million borrowers, asks to stop servicing federal student loans.
Navient is the second major federal student loan servicer to ask to get out of the business. FedLoan said in July that it wanted out.
Mortgage Lender Cut Corners in Echo of 2008 Crisis, Ex-Executive Says
A lawsuit by its former operations chief says that as loanDepot prepared to go public, its founder pushed workers to approve mortgages without documentation.
100 Isn’t a Magic Number, So Why Is It Part of the Vaccine Mandate?
The threshold of 100 employees adds to a patchwork of small-business rules. It shows up in no other major small-business laws. The reasoning behind the...
$10 Billion in Student Debt Erased Under Biden, but Calls Grow for More
Even without the blanket forgiveness that progressives have pushed, the administration has sped up and broadened its relief efforts before borrowers are set to resume...
Small businesses can get $2 million disaster loans, with more time to pay them back.
Those that took smaller Economic Injury Disaster Loans will be able to apply for increases.
Education Dept. to Wipe Out $1.1 Billion in Debt for ITT Students
About 115,000 borrowers who dropped out before ITT’s 2016 collapse are eligible for debt relief and refunds.