Banking & Financial Services

New Senate bill to tackle purported bank discrimination

This week Congress members introduced a new bill called the Fair Access to Financial Services Act to the Senate Banking Committee. The bill seeks to outlaw discrimination against bank customers, supporters claiming that a loophole in federal law allows discrimination… more

Single family homeowners receive forbearance extension

On Tuesday, the Federal Housing Administration (FHA) announced it is extending the date for single family homeowners with FHA-insured mortgages to request an initial forbearance from their mortgage servicer to forbear their mortgage payments for up to six months. Homeowners… more

KCRise Fund to receive investment from region’s largest insurance provider

Blue Cross and Blue Shield of Kansas City (Blue KC), the region’s largest not-for-profit healthcare insurance provider, announced today it will invest in KCRise Fund II, which funds high-growth, early-stage technology companies in the Kansas City area. “Blue KC’s investment… more

Missouri town receives grant for water, sewers from U.S. Department of Commerce

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $4.8 million grant to the city of Moberly, Missouri, to make water and wastewater infrastructure improvements needed to support businesses growth. The… more

Johnson County program to deliver more CARES Act funding to small businesses

A new government lifeline designed to boost Johnson County entrepreneurs hit by the COVID-19 pandemic soon will offer a one-time $10,000 grant to qualified recipients. “Many of Johnson County’s small businesses have limited resources and access to capital during this unprecedented… more

20 in Their Twenties … for 2020

By some demographers’ reckoning, the cohort of Americans between 20 and 29 years old is now almost evenly divided between Millennials and Generation Z. As the latter group continues to lay the cornerstones for careers, the late-stage Millennials are kicking… more

U.S. Bank’s Head of Community Banking to retire

Longtime Kansas City resident and Head of Community Banking at U.S. Bank, Mark Jorgenson, announced plans to retire at the end of 2020. Jorgenson's announcement follows 39 years of work in banking including the last four years serving as Head… more

AMC Theatres Tuesday filing shows its cash supply could run dry by end of year

AMC Theatres said Tuesday ongoing challenges in the industry could leave it without cash as soon as the end of 2020. The Leawood-based company made the announcement in a filing Tuesday to the Securities and Exchange Commission. In the filing,… more

Missouri S&T receives largest single gift in the history of Missouri higher education

In the largest single gift in the history of Missouri higher education, St. Louis businessman Fred Kummer and his wife June have donated $300 million to a foundation that will support Missouri S&T, the university announced today. The new gift… more

Finance companies, lenders urged to participate in Federal Reserve census

Another census has only just begun, this time for finance companies and other lenders. On Tuesday, the Federal Reserve Board announced the beginning of the 2020 Census for financers and other lenders. "Your participation is important to help us understand… more