Coronavirus

What's in California's borrower-protection bill
Kevin Wack
May 21, 2020 9:00 PM

A Democratic measure to freeze foreclosures and auto repossessions through the coronavirus crisis while expanding eligibility for loan forbearance is getting strong pushback from banks and credit unions, which complain it would constrain credit.

4 Min Read
AT-051420-Corona- When will firms return to normal GRAPH
Anthony Zecca
May 21, 2020 4:38 PM

Every firm and many businesses are going through a crisis like none that anyone could foresee, or one that any of us have had to ever navigate before.

5 Min Read
 Jay Bernstein, vice-president, business solutions manager at First Midwest Bank
Miriam Cross
May 21, 2020 3:45 PM

Customers normally receive debit and credit cards inside a branch. Now banks are shifting the process to their drive-throughs and finding alternative ways for cardholders to key in their PINs.

5 Min Read
Institute of Management Accountants headquarters in Montvale, N.J.
Sean McCabe
May 21, 2020 2:46 PM

The Institute of Certified Management Accountants also announced a change in the testing window schedule for 2020, due to COVID-19.

1 Min Read
shuttered-businesses.jpg
Ben Worrell
May 21, 2020 2:17 PM

Business operations need cash influxes now more than ever.

3 Min Read
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Michael Cohn
May 21, 2020 11:43 AM

The American Institute of CPAs’ Council elected Tracey Golden, an audit partner with Deloitte, as AICPA chair for a one-year term, during the governing group’s first-ever virtual Council meeting.

4 Min Read
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Michael Moeser
May 21, 2020 10:46 AM

Unlike past economic recessions where businesses and consumers have had to adjust their payment habits and debt levels over the course of months or quarters as the economy shrank, the coronavirus-induced economic crisis has forced many to make much more abrupt financial adjustments.

1 Min Read
A pedestrian walks past a JPMorgan Chase bank branch in Chicago on Oct. 12, 2019.
Jennifer Roberts
May 21, 2020 5:00 AM

Jennifer Roberts, the company's head of business banking, details a process to have units work one-on-one with customers to get Paycheck Protection Program funds deployed faster.

4 Min Read
Wiley May 2020 podcast screen
Daniel Hood
May 20, 2020 5:22 PM

Accountants are looking cautiously at the prospects for reopening the economy, shares Ohio Society of CPAs president and CEO Scott Wiley -- and they have an important part to play in that.

1 Min Read
FASB, GASB and FAF logos on the wall at headquarters in Norwalk, Connecticut
Michael Cohn
May 20, 2020 4:22 PM

The board voted Wednesday to give private companies and not-for-profit organizations an extra year to comply with the revenue recognition and leases standards.

4 Min Read