Coronavirus Impact
Coronavirus Impact
University of Manitoba

In the U.K., many policy researchers predict that the economic fallout of the pandemic in the U.S. could change attitudes toward the idea of basic income on both sides of the Atlantic.

June 1
4 Min Read
Among the top U.S. firms, only Citigroup's name showed up on the list of 574 banks that used the Fed’s lending facility as of May 6.

The Federal Reserve set up a liquidity facility to help banks meet demand for emergency small-business loans through the Paycheck Protection Program, but it's gone largely unused.

June 1
2 Min Read

It took a global pandemic to get many baby boomers to bank online. Lenders have taken notice.

June 1
2 Min Read

The coronavirus pandemic was an unexpected catalyst for contactless cards, and another no-contact payment method is poised for growth as well: voice payments.

June 1
4 Min Read

Since March, issuers have tightened their criteria for opening new accounts and closed millions of existing ones in hopes of avoiding waves of defaults.

May 29
5 Min Read
A full economic recovery “will really depend on people being confident that it’s safe to go out," said Fed Chairman Jerome Powell.

Chairman Jerome Powell said the Federal Reserve's actions during the coronavirus outbreak have been aimed squarely at helping U.S. workers, not Wall Street or wealthier Americans. He also said Friday that a new lending program geared toward middle-market firms is "days away" from getting up and running.

May 29
3 Min Read

The Independent Community Bankers of America has asked NCUA's inspector general to review the agency's decision to change how low-income credit unions receive that designation.

May 29
2 Min Read

Many lenders are paying close attention to liquidity and capital ratios. Others are trying to avoid overtaxing employees who process, service and handle forgiveness of the loans.

May 29
3 Min Read
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