Rising to the Challenge
In this pandemic, America’s banks have shown what they’re made of—dedicated employees working around-the-clock to help customers shore up their financial lives.
Browsing: Coronavirus
House Votes to Extend Paycheck Protection Program
The House tonight approved by unanimous consent legislation extending authorization for the Small Business Administration’s Paycheck Protection Program through August 8, 2020.
FOMC Members: Economic Outlook Remains Extraordinarily Uncertain
As the coronavirus pandemic continues in the U.S., there remain “an extraordinary amount of uncertainty and considerable risks to the economic outlook,” according to members of the Federal Reserve’s Federal Open Market Committee.
FTC: Online Shopping Complaints Rise During Pandemic
Reports of fraud and unreceived merchandise purchased online increased dramatically during the pandemic, according to new data released by the Federal Trade Commission, far surpassing the numbers seen during the most recent holiday shopping season.
Podcast: A Trans-Pacific Banking Perspective
Based in San Francisco and leading California’s market for the Bank of Guam, plus currently serving as chairman of the Western Bankers Association, Dave Joves shares a trans-Pacific view of banking on the latest episode of the ABA Banking Journal Podcast.
Powell: Fed ‘Not Looking to Raise Capital Standards During Crisis’
Testifying before the House Financial Services Committee today, Federal Reserve Chairman Jerome Powell again emphasized the strong position of the financial sector going into the COVID-19 pandemic and noted that banks have performed well in their response to the crisis.
Mnuchin Discusses Future of PPP At House Committee Hearing
With the Small Business Administration’s Paycheck Protection Program officially winding down tonight, Treasury Secretary Steven Mnuchin told the House Financial Services Committee today that the administration is working with lawmakers to repurpose the $135 billion of funding still left in the program.
Fed Launches Task Force to Address Coin Shortages During Pandemic
The Federal Reserve announced today that it is forming a task force to address the issue of low coin inventories during the coronavirus pandemic—an issue that several ABA members have raised in recent days.
CEOs’ Confidence in Economy Falls Amid COVID-19 Pandemic
Confidence among the nation’s CEOs in the future economic outlook plummeted in the second quarter, reflecting the acute effects of the coronavirus pandemic in the U.S., according to the latest Business Roundtable CEO Economic Outlook Index released this week.