PYMNTS

JANUARY 9, 2019

” Reliant Funding’s new service comes in the middle of a lengthy government shutdown that has closed the Small Business Administration and caused a drop in SBA loan approvals, according to data published by Biz2credit on Tuesday (Jan. The government shutdown really has begun to hurt small companies in search of capital.”

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PYMNTS

JANUARY 23, 2019

With the partial shutdown in the Federal government now in its 33rd day, furloughed workers are freelancing with Uber, the ride-hailing company, to shore up cash. With about 800,000 government workers about to miss their second paycheck since the shutdown began, struggling workers are turning to different services to survive.

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PYMNTS

AUGUST 17, 2020

A cyberattack directed at two dozen Canadian government platforms forced the shutdown of most of its online portals over the weekend. They were effective because Canadians reused old passwords on government of Canada systems, the accounts that used unique, strong passwords remain secure.”.

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Government Governance Data Breach Breach 65

PYMNTS

FEBRUARY 10, 2019

Federal cybersecurity workers tasked with protecting the federal government from hackers have been scrambling to catch up two weeks after the longest government shutdown in modern history ended. The report noted that there are concerns that the real impact from the shutdown will take time to play out.

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PYMNTS

JANUARY 9, 2019

The government shutdown could force companies planning to go public in the early part of 2019 to postpone their IPOs. The shutdown, which is now the second-longest on record, has forced the SEC to furlough thousands of employees, as well as stop reviewing and approving all corporate registration statements, including IPO filings.

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PYMNTS

JANUARY 17, 2019

Add federal websites to the fallout from the government shutdown. According to a new report in The Washington Post , with the shutdown now dragging into its 27th day, a growing number of websites operated by the federal government are breaking down. My grandmother, she communicates with friends and gets recipes online.

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Payments Source

JANUARY 30, 2019

Visa CEO Alfred Kelly said the company's earnings, though solid, could suffer if if politicians in Washington and London don’t resolve their biggest issues.

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PYMNTS

APRIL 22, 2019

there has been a bit of groundswell to curb the harm that such late payments may do to small businesses (SMBs) that work with the federal government. representatives introduced legislation that would mandate shorter timeframes for contractor work done for the government. However, in the U.S.,

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Government Governance Small Business Payments 43

PYMNTS

JANUARY 11, 2019

11) came and went and government workers affected by the 21-day shutdown didn’t receive paychecks, U.S. Federal Reserve Chairman Jay Powell discussed the effects that a long-term shutdown could have on the economy. A longer shutdown is something we haven’t had,” he said. “If As Friday (Jan. On Thursday (Jan.

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Shutdown Office of the Comptroller of the Currency Federal Reserve Regulations 55

PYMNTS

JANUARY 29, 2019

A new report says that the government shutdown has cost the country about $11 billion in gross domestic product, and will impact the United States’ economic growth for the rest of the year. And although federal employees will receive back pay now that the government is back at work, most contractors will not.

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PYMNTS

JANUARY 18, 2019

18) that the shutdown has become a hindrance for the economy, Financial Times reported. With an audience of the New Jersey Bankers Association, Williams noted that policymakers at the Fed had noticed “some emerging headwinds to growth from the partial government shutdown ” in addition to “geopolitical uncertainties.”

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PYMNTS

AUGUST 17, 2020

A group that says it represents 850,000 pharmacists in India wants the government to shut down Amazon’s new pharmaceutical delivery service in the country. The letter is addressed to Amazon CEO Jeff Bezos, India Prime Minister Narendra Modi and other government officials in the country.

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PYMNTS

JANUARY 9, 2020

China’s peer-to-peer (P2P) lending market is headed for more turbulence in 2020 as more of its popular platforms face potentially being shut down as the government tightens regulatory reins. Gansu, Hebei, Hunan, Chongqing and Sichuan were among Chinese provinces ordering a total shutdown of P2P lending in 2019. billion yuan (US$70.4

P2P 52

P2P Shutdown Non-Bank Regulations 52

PYMNTS

MARCH 23, 2020

LendingTree Chief Economist Tendai Kapfidze said, according to Yahoo Finance , “We’re gonna have a shutdown in the housing market because people aren’t out there seeing the houses, and also because generally economic activity is contracting in almost every sector of the economy.”.

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PYMNTS

NOVEMBER 2, 2020

The move has reportedly caused major infighting within Johnson’s Conservative government, as various members of the prime minister’s party have expressed a preference to keep restrictions local and tiered instead of subjecting the entire country to lockdowns. That means whether governments in the U.K.

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PYMNTS

JANUARY 18, 2019

To help those impacted by the government shutdown, PayPal is offering interest-free cash advances up to $500 to federal employees who are new or existing PayPal Credit customers. banks have been stepping up to help customers impacted by the government shutdown by offering forbearance on loans and the associated fees.

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Payments Source

FEBRUARY 14, 2019

Regulators should clarify rules around deposit-advance products so that banks can serve consumers seeking short-term loans, like those affected by the recent partial closing of the government.

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Shutdown Rules Regulations Government 63

Payments Source

FEBRUARY 14, 2019

Regulators should clarify rules around deposit-advance products so that banks can serve consumers seeking short-term loans, like those affected by the recent partial closing of the government.

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Shutdown Rules Regulations Government 60

Payments Source

MARCH 8, 2019

Events like the recent government shutdown present opportunities for banks to help customers when they need it most.

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Payments Source

JANUARY 22, 2019

For thousands of government employees, credit card bills are coming due for travel and other expenses they incurred before the shutdown.

Credit Cards 63

Credit Cards Shutdown Government Governance 63

PYMNTS

NOVEMBER 12, 2020

The shutdown of the IPO happened after controlling shareholder Jack Ma upset government leaders, WSJ reported, quoting unnamed sources familiar with the situation. Xi's decision topped off several years of contention between Ma and the government, with government leaders unsure of the growing influence of Ma's business operations.

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Government Governance Shutdown Regulations 72

PYMNTS

OCTOBER 13, 2020

The plans supported by Modi and his Bharatiya Janata Party, voted on last month, included broad, sweeping changes that dismantled a long-standing regulatory system making farmers sell most of their crops via government-sanctioned wholesale markets which are dominated by traders and middlemen, rather than directly to consumers, according to WSJ.

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PYMNTS

FEBRUARY 4, 2020

10) … It’s up to the instructions given by central and provincial governments.”. “It definitely will have an impact on the Apple production line. The tricky question is whether we will be able to resume production (on Feb. Foxconn told employees and clients in Hubei, the center of the coronavirus outbreak, not to return to factories.

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PYMNTS

APRIL 18, 2019

American Express, in reporting its latest quarterly results, showed evidence Thursday (April 18) morning that consumer spending remains resilient, even having navigated the bumps of the prolonged government shutdown that came early in the quarter. In terms of headline numbers, revenues, net of interest expense, were up 6.6

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Payments Source

FEBRUARY 26, 2019

The Small Business Administration should consider partnering with fintechs, which have the capacity to approve loans quickly, to help avoid the kind of application backlog the agency faced after the last government shutdown.

FinTech 69

FinTech Shutdown Small Business Government 69

Payments Source

DECEMBER 26, 2018

The information you need to start your day, from PaymentsSource and around the Web: credit cards fund gun violence; the government shutdown and payments; mobile wallet for bus fares; and more.

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Shutdown Credit Cards Government Governance 67

PYMNTS

APRIL 8, 2020

Those looking for a loan outside of the government’s Paycheck Protection Program (PPP) won’t find it from JPMorgan Chase , which has decided to focus solely on that program due to a huge amount of requests over the past few days, according to the Financial Times. The bank, which is the largest in the U.S.,

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PYMNTS

FEBRUARY 18, 2019

The move by the two supermarket firms also follows comments from Australia’s government that larger firms found lacking in terms of timely payments to small firms would be “ named and shamed.” Lingering Effects From Government Shutdown. As NBC reported, workers, government agencies and private firms have been affected.

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PYMNTS

NOVEMBER 1, 2020

Amazon is suspending advertising related to pre-Black Friday campaigns in France after coming under fire from at least one government official who said it was unfair for the online giant to flex its digital retail muscle just as a new pandemic shutdown forces small shops and restaurants to close, Reuters reported.

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PYMNTS

FEBRUARY 1, 2019

The government shutdown was no speed bump, at least, according to the latest job numbers. Department of Labor (DOL), showed that even with a partial government shutdown, growth marked the period and the unemployment rate stood at 4 percent. Data released on Friday (Feb. The numbers, released by the U.S.

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PYMNTS

JANUARY 21, 2019

Companies that want to go public during the first part of the year are hampered by a key roadblock: The month-long government shutdown has also shuttered the Securities and Exchange Commission (SEC), which usually works with companies for months before approving an IPO. For example, biotech companies Gossamer Bio, Inc.

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PYMNTS

JANUARY 30, 2020

z International said it would see a drop in sales , and that two factories will remain closed per the request of government officials. Coffee chain Starbucks and Levi’s each closed about half their stores, and said their performance would be affected. Oreo cookie maker Mondel?z

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Shutdown Governance Government Product 43

PYMNTS

MARCH 27, 2020

billion people get the merchandise they need amid a country-wide shutdown. The company tweeted, according to the report, “There are clear guidelines provided by Government to enable essential services, and so we are working with the relevant authorities to ensure we are able to operate.”. billion individuals with cash and food.

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PYMNTS

APRIL 5, 2020

He said the government was “asking people to stay home to invest in national health.”. His opinion was that the sharp rise in unemployment claims (millions week-over-week as of late) means that people have been taking advantage of the government’s financial aid programs, which would keep money flowing overall. economy beforehand.

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Economy Federal Reserve Fed Shutdown 52

PYMNTS

APRIL 13, 2020

If the government lets all these companies go bankrupt and they do disgorge labor, the government is going to have to basically pay a lot of unemployment benefits,” Cooperman told CNBC Monday (April 13) on “ Fast Money Halftime Report. Cooperman’s remarks were in response to comments made last week on CNBC by Chamath Palihapitiya.

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PYMNTS

AUGUST 30, 2020

But more local and regional parks have come to see it as a boon — with the travel shutdown, parks that didn't used to even meet full capacity are now enjoying more fruitful activity, according to WSJ. An attempt by the government to quell new parks from cropping up ended up failing.

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Shutdown Governance Government Volume 72

PYMNTS

MAY 14, 2020

This time, the French government said, it plans to team up with the country’s tourism industry to build an internet site whose ultimate goal is to grab customers away from the likes of Airbnb and Booking Holdings. The platform will be made with the French government and the tourism industry, Lombard said.

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