Fed Pays $88.5 Billion to Treasury in 2020
The Federal Reserve System paid $88.5 billion out of its annual net income to the U.S. Treasury in 2020, according...
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SBA Revises PPP Borrower, Lender Forms; Issues Procedural Notices
The Small Business Administration on Friday evening released updated borrower and lender guaranty applications for both first-draw and second-draw Paycheck...
IRS Issues Additional Information for EIP Recipients
As the Internal Revenue Service continues to address the error that caused millions of economic impact payments to be incorrectly...
Consumer Credit Growth Increased in November
In November, consumer credit increased at a seasonally adjusted annual rate of 4.4 percent. Revolving credit decreased at an annual...
PPP to Reopen Monday for CDFIs, MDIs
The Small Business Administration announced today that the Paycheck Protection Program will officially reopen on Monday, Jan. 11, only to...
140,000 Jobs Lost in December
Total nonfarm payroll employment declined by 140,000 in December, according to the Bureau of Labor Statistics. Total unemployed persons were...
IRS Changes Course on EIP Processing Error Resolution
The IRS today issued additional instructions in an attempt to remedy the processing error that led to millions of economic...
ABA Supports Proposed Rule Enhancing Approval Process Transparency For GSE Products
The American Bankers Association submitted a comment letter today supporting a proposed rule by the Federal Housing Finance Agency on...
U.S. International Trade Balance Widened in November
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was...
