Banking

The Treasury Department suddenly softened its plan to track consumer transactions after critics protested that it would target low-income workers.

The Small Business Administration is increasing the cap for COVID Economic Injury Disaster Loans from $500,000 to $2 million.

Upgrade closes $105M Series E funding round, and Gotransverse joins telecomm industry association.

The portal offer a streamlined way to seek loan forgiveness, but accountants are watching for the revenue reduction scores the SBA is using to make determinations.

Securities-based lending is up sharply as wealthy investors leverage gains in their stock portfolios into low-interest loans for pricey purchases.

Better enforcement; for fans of tax crime; partner sabbaticals please; and other highlights from our favorite tax bloggers.

Basis debate; relief to come; underreporting and the gap; and other highlights from our favorite tax bloggers.

Practitioners share which parts of their jobs they’d ditch and which they’d keep.

Taxpayers who file through TurboTax can now opt to open a Credit Karma Money Spend account and have their tax refund sent there directly.

Thanks to vagaries of the accounting world, Donald Trump’s administration had a chance in the final weeks of the presidential race to cancel more than $200 billion of student loans with no immediate hit to the Department of Education’s massive portfolio. Yet it didn’t do it. Now, perhaps Joe Biden will.