Banking & Financial Services
For the first time this month, the number of applications for unemployment benefits dropped nationwide. Last week, claims decreased slightly to 803,000 from 892,000 the week prior; a 89,000 drop in claims. Despite the promising decline, however small, claims remain…
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The Kansas Department of Labor (KDOL) is currently reviewing the unemployment extension provisions contained in H.R. 133. These extended provisions will provide additional unemployment compensation to unemployed Kansans impacted by the COVID-19 pandemic. They also include new requirements that must…
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The application period for Federal Emergency Management Agency (FEMA) Lost Wages Assistance Program (LWA) is set to expire on Dec. 27, 2020. The program is only available to those claimants who were entitled to a minimum of $100 in unemployment…
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Top negotiators in Congress have sealed a deal on a nearly $1 trillion COVID-19 economic relief package. Lawmakers announced the agreement Sunday after days of negotiations. The agreement would establish a temporary $300 per week supplemental jobless benefits and $600…
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Just two short weeks left in December and the rest of the year still leave questions regarding what the impact of COVID-19 will have on businesses and individuals in a (hopefully) post-COVID 2021. A newly released 2021 Insurance Industry Outlook…
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Compared to 2019, bankers expect 2020 retail sales to be down by 3.1 percent, according a Rural Mainstreet Index survey sent out to bank CEOs. The survey concluded that around 54.8 percent of bankers anticipate a reduction from 2019, while…
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The Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation today announced the annual adjustment to the asset-size thresholds used to define small bank and intermediate small bank under the Community Reinvestment Act (CRA) regulations.…
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With a little more than two weeks to spare, the Jackson County Legislature has finished allocating the last of the nearly $122.7 million it received in CARES Act money. The county offered a final breakdown Monday of the allocations, which…
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Spire is offering a new financial assistance program for active, Missouri small businesses struggling due to the Covid-19 pandemic. “With 98% of small businesses impacted financially, the natural gas provider offers up to $500 in assistance,” states Spire’s news release. “Small…
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