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The move aims to provide additional liquidity for small and community banks to “support the small businesses in their communities,” the FHFA said in a statement.
April 23, 2020 9:54 AM

The policy move will allow small institutions participating in the Paycheck Protection Program to pledge business loans as collateral to obtain advances.

1 Min Read
Fast payments, real-time payments, RTP, e-money
Jeff Hinkle
April 23, 2020 9:39 AM

Lawmakers should approve a program to distribute stimulus funds using a government-sanctioned coin, which would be speedier than the current system.

4 Min Read
April 23, 2020 12:01 AM

Due to the U.K.’s coronavirus lockdown, many British people are socially isolated in their homes, and rely on friends to get their groceries for them. They face the problem of how to reimburse people for their expenses, since cash is no longer acceptable.

5 Min Read
The U.S. Capitol building stands before sunrise in Washington, D.C.
Michael Cohn
April 22, 2020 6:19 PM

Democrats on the tax-writing House Ways and Means Committee have sent a letter to Treasury Secretary Steven Mnuchin asking what has happened with the delayed economic impact payments.

2 Min Read
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ESG
Michael Cohn
April 22, 2020 5:07 PM

In the shadow of the coronavirus, the AICPA and other groups are working on ways to help the environment.

6 Min Read
Alan J. Foxman
April 22, 2020 5:00 PM

My broker-dealer warned that since it’s a forgivable loan it could be seen as a compromise with creditors.

4 Min Read
Yvette Shields
April 22, 2020 4:44 PM

The March losses underscore the fiscal strains for hospitals but many facilities are expected soon to resume elective surgeries and diagnostic procedures.

7 Min Read
Allissa Kline
April 22, 2020 3:33 PM

The Federal Reserve’s Main Street Lending Program is meant to be a lifeline for midsize businesses, but two weeks after its unveiling, those firms and their lenders remain on edge about what strings will be attached.

5 Min Read
April 22, 2020 2:19 PM

The president said he envisions infrastructure as “a big part” of the next round of emergency legislation.

3 Min Read
Chip Barnett
April 22, 2020 1:53 PM

The new federal COVID-19 relief package probably won’t be the last boost the U.S. economy will get, economists say.

3 Min Read