Coronavirus Impact
Coronavirus Impact

Activity in the Paycheck Protection Program has waned, but some argue that many small businesses, especially those owned by minorities, will miss out if the June 30 application deadline isn't extended.

June 19
3 Min Read
ncua 2

The credit union regulator has outlined a multiple step plan to return employees to normal operations.

June 19
1 Min Read

With money flow suddenly stifled for millions of customers, demand for money management tools has skyrocketed.

June 19
6 Min Read
“The sensitivity analysis will help us judge whether banks would have enough capital if economic and financial conditions were to worsen,” said Fed Vice Chair Randal Quarles.

The senior official said the Federal Reserve’s gauge of a firm’s performance under economic recovery scenarios will affect decisions about its capital distribution, but individual results of the analysis will not be made public.

June 19
5 Min Read
Eligible businesses that were in sound financial condition before the pandemic are eligible to receive loans of at least $250,000 through one of three component facilities. The Fed through the MSLP will then purchase 95% of each loan made under the program’s terms.

Worried about a lack of demand and that some of their customers are ineligible, community banks are still on the fence about participating in the effort to back loans for businesses recovering from the pandemic crisis.

June 19
6 Min Read
BankThink

A blueprint that includes more CRA and tax credits for lower-income African Americans would help a demographic disproportionately harmed by the coronavirus pandemic.

June 19
4 Min Read
BankThink

The move to digital providers could mean cheaper cash transfers for a demographic that has been hard hit by this pandemic, with both senders and receivers being financially affected.

June 19
2 Min Read
UKshopping61820BL

As the coronavirus pandemic took hold in March and the U.K. went into lockdown, many of the country’s e-commerce businesses suddenly found themselves facing a nigh unprecedented level of demand.

June 19
3 Min Read
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