A bipartisan bill in the General Assembly would require Pennsylvania insurance companies to cover COVID-19-related business interruptions for their commercial policyholders.
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Finance
Wolf proposes $325M for business aid, calls for recreational pot revenue to provide long-term funding
Gov. Tom Wolf proposed $325 million in aid for small businesses as part of a statewide pandemic relief package funded by Pennsylvania’s CARES Act allocation. The governor also proposed financing long-term small business support programs by legalizing recreational marijuana and taxing it.
Read More »Northwest Bank settles with Pa. Attorney General over debt collection practices
Northwest Bank agreed to pay the commonwealth $15,000 along with other concessions to settle accusations by state Attorney General Josh Shapiro that it made deceptive threats of legal action against consumers who fell behind in vehicle loan payments.
Read More »Lebanon Co. commissioner calls Wolf’s mandated $2.8M facemask campaign a ‘waste’
A Lebanon County commissioner who refused to sign the settlement county officials reached with Gov. Tom Wolf to secure $12.8 million in CARES Act funds rebuked the deal, arguing that the county should have pressed the lawsuit further instead of capitulating to the state’s spending requirements.
Read More »Wells Fargo deploys midstate fintech company’s contactless self-serve technology
Wells Fargo Retail Services is equipping its nationwide retailers with a patent-pending, contactless technology developed by Versatile Credit Inc., a fintech solutions provider based in Mechanicsburg.
Read More »Members 1st launches multi-channel service options ahead of market expansion, HQ consolidation
Members 1st Federal Credit Union unveiled technology that officials say will give customers more ways to do business as it gears up to expand in Berks and Lehigh counties and open a new headquarters office in Cumberland County.
Read More »Three small business owners talk about how Lancaster’s Small Business Fund helped them
A thriving business that emerged out of personal heartache. A successful personal training studio that began as a dream for a boy in Zimbabwe. An expanding unisex barbershop that can trace its roots to a teen’s goal. These are three of the enterprises that received money for COVID-19 relief from the Lancaster City Small Business Emergency Fund.
Read More »PDA signs $10M contract that will benefit farmers and hungry Pennsylvanians
State Agriculture Secretary Russell Redding announced a $10 million contract with Feeding Pennsylvania to funnel surplus agriculture products from state producers to nonprofit hunger relief agencies to provide fresh, local foods to Pennsylvanians in need.
Read More »Capco Managing Principal Holmquist recruited as Customers Bank’s risk chief
Eric Holmquist was recruited in July to work as Customers Bank’s new Executive Vice President and Chief Risk Officer, bringing more than 35 years of experience in the financial services sector to the job.
Read More »Engineering firm Barry Isett & Associates expands its consulting options
Allentown-based engineering firm Barry Isett & Associates is expanding service offerings with four additional disciplines for capital region clients.
Read More »Girard President Geibel takes over amid COVID-19 pandemic
David Geibel was recently appointed president of Girard Advisory Services, the investment management division of Univest Financial Corporation, taking over for retired former president Kevin Norris, who has run Girard for the last 25 years.
Read More »Federal and state orgs warn against unemployment assistance scams
The theft of more than $44 million in federal funds meant for unemployed Pennsylvanians was thwarted by government agencies and banking institutions, the U.S. Attorney’s office of the Eastern District of Pennsylvania announced on Tuesday.
Read More »York County allocates $14M in CARES Act funds to small businesses and nonprofits
York County Commissioners on Wednesday allocated $14 million of the county’s $40.5 million CARES Act funds to a grant program for York County small businesses and nonprofit organizations.
Read More »Court says state’s lawsuit against student loan giant Navient can proceed
State Attorney General Josh Shapiro’s lawsuit against student loan service provider Navient for allegedly engaging in deceptive lending practices may proceed to trial, the U.S. Court of Appeals for the Third Circuit has ruled. The Delaware-based corporation sought to have the case dismissed arguing that the state lacked the authority to sue on behalf of ...
Read More »Retired Vanguard executive joins Penn National Insurance board
Ellen Rinaldi, former Chief Security Officer and Chief Information Security Officer at the investment services firm The Vanguard Group, was elected to the board of directors of Penn National Insurance.
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