Banking & Financial Services

Powell Says Vaccine Needed for Recovery

Federal Reserve Chairman Jerome Powell reportedly said that there might not be a full economic recovery in the United States until a vaccine is developed against COVID-19. However, he also said he expects the economy to have a full rebound… more

House Approves $3T Stimulus Package

The House of Representatives has passed an additional $3 trillion in stimulus funding called the HEROES Act, and though the Republic-ed Senate is expected to reject the measure, House Majority Leader Nancy Pelosi (D-CA) said she is willing to make… more

Social Security Recipients Facing Challenges

The 68 million Americans who receive Social Security payments might be in for a rude awakening next year, as their checks aren't expected to have a cost-of-living increase next year. The average monthly check would remain at $1,460 due to… more

Q&A With … Dave Toland, KS Department of Commerce

Dave Toland is the Kansas Secretary of Commerce. Q. We've heard about national, and international issues with the supply chain. How is KS specifically impacted and are there any differences? A. Factory production disruptions due to COVID-19 related shutdowns have… more

KCMO Budget Holding Up…For Now

Kansas City's budget situation is currently holding up despite challenges from COVID-19, but council members are preparing for a scenario that could get worse. So far, there have been no layoffs or furloughs of city employees and a $1.7-billion budget… more

Fed Chair Powell Sees A Gradual Recovery

Economic recovery will be gradual and prolonged, but federal aid programs are worth it to help stimulate the economy, said Federal Reserve Chairman Jerome Powell in statements to Peterson Institute for International Economics. “Additional fiscal support could be costly but… more

House Proposes Another $3T in Stimulus

House Democrats have proposed another stimulus bill, totaling $3 trillion, in response to economic damage caused by the COVID-19 pandemic. It would follow the $2 trillion stimulus bill passed in March, though the measure is not expected to make it… more

Q&A With … Stephen Penn of KPMG

Stephen Penn is the office managing partner for KPMG in Kansas City. Q. Six weeks into the carnage, what's the damage assessment report you would deliver on the state of regional business? A. There’s probably a lot more going to… more

Credit Card Consumers Well Positioned Before COVID-19

Before the COVID-19 pandemic hit, consumers were luckily in a good place, generally, in terms of paying their balances and making overall payments, according to the American Bankers Association. During last year's fourth quarter, for example, a record number of… more

Proposed Legislation Would Forgive Healthcare-Worker Student Loans

A new bill in the House of Representatives would forgive student loans for healthcare workers impacted by the COVID-19 pandemic. Called the Student Loan Forgiveness for Frontline Health Workers Act, it was introduced to the House by Rep. Carolyn Maloney (D-N.Y.)… more