Compared to the experience of the 2008–09 Great Recession and ensuing recovery, the COVID-19 pandemic-induced recession, along with federal and state responses, resulted in unexpected consumer behavior.
For the foreseeable future, a zero-COVID policy for China will make it difficult for the country to achieve its official economic growth target of about 5.5 percent.
The U.S. Small Business Administration failed to provide lenders with “sufficient, specific guidance to effectively identify, track, address and resolve potentially fraudulent [Paycheck Protection Program] loans,” a new report by the SBA Office of the Inspector General found.
The Small Business Administration’s strategic goals for FY 2022-2026 include providing an equitable and customer-centric delivery of programs to small businesses, building resilient businesses and a sustainable economy, and implementing strong stewardship of resources, according to a strategic plan released this week.
The Small Business Administration today announced that it will extend the deferment timeframe for COVID-related Emergency Disaster Injury Loans to a total of 30 months.
As the FDIC chief prepared to resign before her term was up, she discussed the agency’s progress on innovation, financial inclusion and more.
The outgoing FDIC chairman discusses bank innovation, FDITech, post-COVID exams and the agency’s COVID response in part one of this interview.
The Federal Reserve will continue to reduce the monthly pace of asset purchases and bring them to an end in early March, according to the latest Federal Open Market Committee statement issued today.
The pandemic has created many new challenges and changed the fraud risk landscape—perhaps permanently. It has also provided a training ground for a new generation of fraud attackers.
The Supreme Court today blocked the employer vaccine mandate issued by the Occupational Safety and Health Administration, which would have required employers with 100 or more employees to ensure staff are vaccinated or tested weekly for COVID-19, among other requirements.