Consumer loan delinquencies and unemployment rates have historically followed similar paths – either both increasing during times of stress, or both declining in periods of prosperity. But the pandemic has upended that coupling, as consumer loan delinquencies have trended down while unemployment has increased significantly. During the Great Recession ... READ MORE >
How to become a qualified lender under the Paycheck Protection Program
(Note: this article was originally published on April 1, and was most recently updated on May 5.) The federal government recently approved the CARES Act, a $2.2 trillion fiscal stimulus meant to address the economic damage of the coronavirus. Included in that package is the Paycheck Protection Program, an ambitious new $349 billion loan program designed ... READ MORE >