Producer Prices Rose 0.4 percent in May
The Producer Price Index for final demand rose 0.4% in May, seasonally adjusted, according to the U.S. Bureau of Labor...
Newsbytes
FDIC: Minority Bank Performance Remained Sound in 2019
Financial performance among minority depository institutions remained sound through the end of 2019, according to the FDIC's annual report on...
Mnuchin, Carranza Offer Clarifications on PPP Forgiveness Process
During a Senate Small Business Committee hearing today, Treasury Secretary Steven Mnuchin confirmed that, pursuant to the Paycheck Protection Program...
Nichols, Stewart: Banks Must Be ‘Part of the Solution’ to Addressing Racial Inequities
In a joint message to ABA member bank CEOs today, ABA Chair Laurie Stewart and President and CEO Rob Nichols...
Fed Holds Rates at Zero to Support Economy
In response to the continuing tremendous human and economic hardship caused by the coronavirus pandemic across the United States, the...
Fed Holds Interest Rates Steady
As expected, the Federal Reserve announced today that it would hold the target range for the federal funds rate at...
Consumer Prices Declined Slightly in May
The Consumer Price Index decreased 0.1% in May on a seasonally adjusted basis, according to the U.S. Bureau of Labor...
SBA Clarifies PPP Loan Maturity Dates, Provides Additional Tips on Lender Processing Fees
The Small Business Administration tonight issued an update to lenders clarifying that the maturity of all Paycheck Protection Program loans...
SBA Releases New PPP Data, Includes List of Top PPP Lenders
As of June 6, more than 4.5 million Paycheck Protection Program loans had been made, totaling $511 billion over two...
Calabria ‘Encouraged’ By Incoming Housing Market Data
Testifying before the Senate Banking Committee today, FHFA Director Mark Calabria said that he has been “encouraged” by incoming data...
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