Congress

Insurers Say Covid Claims Excluded From Biz Interruption Policies

Insurers Say Covid Claims Excluded From Biz Interruption Policies
Insurers Say Covid Claims Excluded From Biz Interruption Policies
April 09, 2020  |  Economy

In a letter to U.S. Reps. Gilbert Cisneros and Mike Thompson, both of California, representatives from insurance industry groups wrote that standard commercial insurance policies...

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US Dems Push For Small Businesses, Hospitals First In Next Financial Aid
US Dems Push For Small Businesses, Hospitals First In Next Financial Aid
April 08, 2020  |  Economy

Top Democratic officials in the U.S. have a new list of demands for the next round of stimulus funds to fight the effects of the coronavirus pandemic,...

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Pelosi Calls For More SMB Funding For COVID-19 Relief
Pelosi Calls For More SMB Funding For COVID-19 Relief
April 03, 2020  |  Economy

Not content with the $2 trillion in coronavirus relief Congress passed last week, House Speaker Nancy Pelosi (D-Calif.) wants more small business loan funding, additional...

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Trump Signs $2T COVID-19 Stimulus Package
Trump Signs $2T COVID-19 Stimulus Package
March 27, 2020  |  Economy

U.S. President Donald Trump signed a $2 trillion economic stimulus package in response to the coronavirus crisis on Friday (March 27), CNBC reported. The action came...

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SMBs’ Futures Uncertain As They Wait For Help
SMBs’ Futures Uncertain As They Wait For Help
March 27, 2020  |  Economy

Small businesses are looking for good results from the House of Representatives’ vote on Friday (March 27) on a $2 trillion stimulus package that would...

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Pelosi Wants Another Round Of Stimulus For Citizens
Pelosi Wants Another Round Of Stimulus For Citizens
March 26, 2020  |  Economy

U.S. House of Representatives Speaker Nancy Pelosi said that she wants Americans to get another payment in addition to the $2 trillion relief package passed...

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House Chairwoman Tells FDIC To Halt ILC Charters
House Chairwoman Tells FDIC To Halt ILC Charters
March 15, 2020  |  Loans

Congresswoman Maxine Waters, chairwoman of the House Committee on Financial Services, wants to stop any new Industrial Loan Company (ILC) charters until further notice, citing...

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Congress Blasts Former Wells Fargo Bosses Over Resignations
Congress Blasts Former Wells Fargo Bosses Over Resignations
March 11, 2020  |  Bank Regulation

The recent resignations of Wells Fargo board Chairman Elizabeth Duke and board member James Quigley drew criticism by Congress during the first hearing on Capitol...

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