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The Paycheck Protection Program, Round Two

PYMNTS

Facing public outcry over its $10 million PPP loan, Shake Shack parent Union Square Hospitality Group ( USHG ) announced that it will return its funds, as it has access to other capital to help it stay afloat and pay more employees during the pandemic. . USHG noted that it’s burning through money and facing operating losses of over $1.5

Kentucky 237
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How Can Banks Thrive in the Next Five Years?

Jeff For Banks

They are/were the business owners, demanders of capital and loans, and significant depositors. There is a fintech firm, SoFi, that was born in 2011, that focuses on millennials financial needs. In fact, I would say, using a Kentucky Derby analogy, that Epicenter as the national bank is currently in the lead.

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Sizzle Or Fizzle: Facebook, Online Lending, Cash – And The Twilio Surge

PYMNTS

This week it was Minnesota, and then yesterday Walmart really got warmed up and announced the expansion of their new payments service in: Michigan, Virginia, the Carolinas, Indiana, Iowa, Kentucky, Nebraska, North Dakota, South Dakota, Tennessee, Louisiana, Missouri, Mississippi and Washington, D.C. A few things stand out. .

Lending 101