Illustrating the Impact of the PPP on Small Business Employment
While there are several reasons why unemployment unexpectedly fell in May, one contributing factor appears to be the Paycheck Protection ...
Tag: Coronavirus
SBA Provides Guidance on Using PPP Loan Proceeds to Refi EIDLs
The Small Business Administration issued a procedural notice on Friday night providing guidance on using Paycheck Protection Program loan proceeds ...
Quarles: Large Bank Stress Tests to Assess Industry Performance Under COVID-19 Scenarios
The latest stress test results for the nation’s largest banks will include a “sensitivity analysis” of how institutions would perform ...
Multiple Factors Shaping the Coronavirus Recovery
The timing of ongoing reopening will greatly affect whether the recovery is V-shaped or U-shaped.
Powell: COVID-19 Affecting Availability of Coins for Banks
The coronavirus pandemic has affected the regular flow of coinage through the economy and the availability of coins for banks, ...
Podcast: Minority Banks and Financial Inclusion
First Independence Bank was founded 50 years ago to help rebuild Detroit's economy in the wake of damaging urban violence. ...
FHFA Extends Foreclosure, Eviction Moratorium for GSE-Backed Mortgages
The Federal Housing Finance Agency announced today that it would extend—through August 31 at a minimum—a moratorium on foreclosures and ...
SBA Streamlines PPP Forgiveness Application for Many PPP Borrowers
The Small Business Administration today released a three-page “EZ” Paycheck Protection Program loan forgiveness application requiring less documentation and fewer ...
Powell Discusses Coronavirus Recovery, Effect on LMI Communities
Federal Reserve Chairman Jerome Powell told members of the Senate Banking Committee today that he expects the U.S. economy to ...
Powell: Main Street Lending Facility to Open ‘Within a Week or So’
After officially opening the Main Street Lending Program for lender registration yesterday, Federal Reserve Chairman Jerome Powell said its corresponding ...
