[ad_1] According to the borrower’s fact sheet, if a company has already laid off staff, it will have until June 30 to rehire them in order to qualify for the program. SBA figures show that 99 percent of U.S. businesses fall below the law’s 500-employee threshold, and up to 47.5 percent of workers could benefit. … Continue reading “Small businesses can apply for COVID-19 repayable loans on Friday”

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[ad_1] The gross bad debt ratio of HDFC Bank, the country’s largest private lender, could widen due to slippages in loans under moratorium, said its managing director – appointed Sashidhar Jagdishan. The bad debt ratio could drop from 1.4% to 2%, which will be close to the highest level since the global financial crisis, Jagdishan … Continue reading “HDFC Bank bad debt ratio could reach decade’s highest level, CEO-designate says”

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[ad_1] Thursday 11 February 2021 The Fair Debt Collection Practices Act (“FDCPA”) is an important law. It has regulated “debt collectors”, as defined by law, for over 40 years. Recently, the Consumer Financial Protection Bureau released a new rule implementing law enforcement (for past CPW coverage, see here and here). Despite these significant developments, however, … Continue reading “When FDCPA and FCRA Collide: Stand Up”

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[ad_1] By John O’Donnell, Tom Sims FRANKFURT (Reuters) – As Germany rolls out € 750 billion economic stimulus package, officials and experts question whether German lenders including Deutsche Bank AG and Commerzbank AG will be able to weather the fallout of the coronavirus without state aid. FILE PHOTO: A man wears a face mask during … Continue reading “As Germany reeling from coronavirus, some officials debate impact on banks”

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[ad_1] What happened Actions of Kratos defense and security solutions (NASDAQ: KTOS) fell 10% Thursday following a Wall Street downgrade. The stock of defense equipment suppliers has seen good progress over the past year, and one analyst believes the price is above fundamentals. So what Kratos, a maker of drones, defense electronics and other products … Continue reading “Why the stock of Kratos Defense & Security Solutions was down today”

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