Coronavirus Impact
Coronavirus Impact
Podcast

With the government pumping trillions of new spending into the economy, experts are questioning the Federal Reserve's ability to keep prices stable.

April 8
1 Min Read

Closed showrooms, temporary bans on repossessions and a sudden spike in unemployment have dimmed the prospects of a sector that has boomed since the last recession.

April 8
6 Min Read
Attendees walk past a signage for Amazon Web Services (AWS) Summit in San Francisco, California, U.S., on Wednesday, April 19, 2017. Amazon.com Inc. Web Services chief executive officer Andy Jassy is leading a push into artificial intelligence to boost Amazon's cloud computing, which commands about 45 percent of the market for infrastructure as a service, where companies buy basic computing and storage power from the cloud. Photographer: David Paul Morris/Bloomberg

The agency overhauled its system for the Paycheck Protection Program on Wednesday. Lenders hope it addresses the access issues and a crash that bedeviled the effort’s first week.

April 8
3 Min Read
FHFA Director Mark Calabria rankled the mortgage industry this week when he said that servicers overwhelmed by forbearance requests would be getting no relief from Fannie Mae or Freddie Mac.

A bipartisan group of lawmakers wrote in a letter to the Treasury secretary that the Financial Stability Oversight Council should create a liquidity facility to deal with a flood of forbearance requests brought on by the coronavirus pandemic.

April 8
5 Min Read

As retailers search for ways to reduce shoppers’ exposure to coronavirus, smaller merchants are reaping some unexpected improvements in checkout speed and convenience.

April 8
2 Min Read
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BankThink

Community advocates would like to see changes to the 1977 Community Reinvestment Act, but say regulators should suspend such efforts until the coronavirus pandemic has passed.

April 8
4 Min Read

Pinnacle Bankshares and Virginia Bank Bankshares said the move will let each bank focus more on responding to the COVID-19 pandemic.

April 8
1 Min Read

The amount of money migrant workers send to their home countries usually holds up well in a crisis. Not this time.

April 8
3 Min Read
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