Banking & Financial Services
We now have a new, much more liberal president. One of his first actions was to propose an additional $1.9 trillion stimulus package that includes $1,400 per-person direct payments to most households, a $400 per week unemployment insurance supplement through…
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Shawnee Mission School District will be able to fund more than $200 million in upgrades after nearly 70% of Johnson County residents who voted on Tuesday approved a bond issue. Through the $264 million bond, SMSD plans to rebuild five elementary schools…
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A wave of financial relief have been delivered to Kansas City area renters thanks to a relief package passed by Congress last month. Passed legislation has approved the distribution of $25 billion in rental assistance to renters across the U.S.…
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Approximately 60,000 Paycheck Protection Program (PPP) loan applications submitted by nearly 3,000 lenders was approved by the U.S. Small Business Administration in the first week of the program's reopening. Loan approval totaled over $5 billion for the 60,000 approved submissions.…
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The Office of the Comptroller of the Currency (OCC) has finalized a controversial rule within days of a change in leadership. Originally proposed in November, the rule prohibits the nation's largest banks from denying services to gun manufacturers, energy firms, operators…
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The Creighton University Rural Mainstreet Index (RMI) climbed above growth neutral across the 10-state region. The overall index for January rose to 52.0 from December’s 51.6 (the index ranges between 0 and 100 with a reading of 50.0 representing growth…
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Joe Biden has referred to the latest coronavirus aid package as a "down payment" for dealing with the pandemic. Another stimulus bill providing more funding for tests, vaccinations, aid to cities and states, plus a third round of direct payments…
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Financial constraints on the City of Kansas City, Mo. caused by COVID-19 will not be going away soon. In a Thursday press conference, the city reported they anticipate a $50-million deficit during the current fiscal year. "It's very difficult to…
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The U.S. Small Business Administration, in consultation with the U.S. Treasury Department, will re-open the Paycheck Protection Program (PPP) loan portal to PPP-eligible lenders with $1 billion or less in assets for First and Second Draw applications on Friday, January 15,…
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Overall economic activity across the Federal Reserve districts reported economic activity increased modestly since the previous Beige Book period, although conditions remained varied. Two districts reported little or no change in activity, while two others noted a decline. Reports on…
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