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Lenders Warned Over Potential $130bn Credit Card Losses

Lenders Warned Over Potential $130bn Credit Card Losses

McKinsey warns on the elevated risk of increased losses as the pandemic-induced unemployment rate rises
More Fintechs Step Up Pandemic Support

More Fintechs Step Up Pandemic Support

Technology companies have continued to roll out new or enhanced services for corporate and individual customers
Major Banks Granted Additional Lending Capacity

Major Banks Granted Additional Lending Capacity

A temporary rule change will allow the largest US lenders to expand their balance sheets further to help companies and households through the pandemic
Fed Sounds Warning on Household, Business Debt Strains

Fed Sounds Warning on Household, Business Debt Strains

Historically high levels of debt could lead to losses at lenders in the coming months, says a new Federal Reserve report
How Banks Can Ensure a Safe Return to Office Working

How Banks Can Ensure a Safe Return to Office Working

Leaders should be prepared to support long-term remote working in case of a second spike in virus cases, Deloitte says
How PPP Forgiveness Will Work

How PPP Forgiveness Will Work

The SBA has published details of how borrowers using the $669 billion lending program can have their loans forgiven
Preparing for a Pandemic: Updating Your BCM

Preparing for a Pandemic: Updating Your BCM

Financial institutions are now quickly shifting priorities to ensure they are equipped to conduct business in a changing environment while also dealing with the effects of a health crisis
How COVID-19 Is Infecting the Payment Fraud Landscape

How COVID-19 Is Infecting the Payment Fraud Landscape

Fraudsters have significantly expanded phishing campaigns to include COVID-19 messaging
How to Commit Stimulus Fraud

How to Commit Stimulus Fraud

Officials have dumped an enormous amount of money into the economy in a matter of weeks. That means the environment is ripe for fraud.
If lenders are struggling with PPP, wait until they hit Main Street

If lenders are struggling with PPP, wait until they hit Main Street

Once again, lenders across the US have been inundated with applications and are struggling to keep up with demand
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