Coronavirus Impact
Coronavirus Impact
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Some consumers have decided to stay home as celebrations have been canceled or scaled back to follow social-distancing guidelines.

July 3
2 Min Read

Ride-hailing services and public transit were gaining ground until the pandemic struck, but the outbreak has quickly and radically changed how consumers think about buying cars.

July 2
5 Min Read
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BankThink

Helping their customers adjust to digital banking and pay crushing bills are just a couple of ways community bankers are reaching out.

July 2
2 Min Read
Indentity fraud losses

Axcess Financial is using stronger authentication, studying up on bad actors and planning to use a federal service that automates verification of Social Security numbers.

July 2
6 Min Read

People appear to be storing cash amid the coronavirus outbreak, according to a study that seeks to debunk the notion that the pandemic was hastening the demise of paper money due to e-commerce or fears of infection.

July 2
2 Min Read
Treasury Secretary Steven Mnuchin told a House committee Tuesday that the Trump administration supports enacting additional stimulus legislation by the end of July. He said he’s had discussions with the Senate about revising PPP to help restaurants, hotels and other hard-hit businesses.

The Senate had passed the bill Tuesday, shortly before the Small Business Administration was to stop accepting new loan applications.

July 2
3 Min Read
Pedestrians walk past a Wells Fargo bank branch in Los Angeles.

Wells Fargo is pulling back from student lending as the surge in coronavirus cases threatens to further disrupt higher education and the broader U.S. economy.

July 2
1 Min Read
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The report from the regulator offers an industry-wide look at how credit unions have fared during the pandemic. Since the outbreak worsened in April and into May, credit quality could possibly worsen while earnings may sag even further.

July 2
1 Min Read
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