Banking systems, the impact of covid19, and communities of color. This runs an hour and 45 minutes. Today we welcome the regulators, the comptroller of the currency, brian brooks. The federal deposit insurance corporation, jelena rodney hood. Since the passage of the coronavirus aid relief and Economic Security act or cares act of your agencies have taken many meaningful steps to mitigate the meaningful impact of the pandemic and provide conditions that will lead to a forceful recovery. On october 30, the Federal Reserve announced changes to its main Street Lending facility including decreasing the minimum loan size for priority loan facilities from 250,000 to 100,000, and allowing borrowers loan for theirpp outstanding debt. Your agency should continue to carefully review the regulatory and supervisory frameworks, adjusting where necessary to bolster Financial Institutions to support economic recovery, which, by the way, has shown positive signs over the past several months. On octobe
Comptroller of the currency, the Senate Banking Committee Received a 6month update on the state of Banking Systems, the impact of covid19 and support for Small Business owners in communities of color. This runs an hour and 45 minutes. Today we welcome to this virtually hearing the federal prudential regulators, Federal Reserve vice chairman Randal Quaries, office of the comptroller, brian brooks, chairman of yellen and mcwilliams, chairman of the National Credit administration rodney hood. We will receive testimony from each agency on efforts, activities, objectives and plans since we last testified before the committee. As well as an update on covid19 related actions. Since the passage of the coronavirus a relief and Economic Security act or cares act your agencies have taken many meaningful steps to ameliorate the Economic Impact of the pandemic as you provide conditions that will lead to a forceful recovery. On october 30th the Federal Reserve announced changes to its facility inclu
Minutes. This runs an hour and 45 minutes. Sen. Crapo today, we welcome the regulators, the comptroller of the currency, brian brooks. Chair of the federal deposit insurance corporation, Jelena Mcwilliams, and rodney hood. We will receive testimony from each agency on efforts and plans since you last testified before the committee. Since the passage of the coronavirus aid relief and Economic Security act, or cares act, your agencies have taken many meaningful steps to mitigate the Economic Impact of the pandemic and provide conditions that will lead to a forceful recovery. Lead to a forceful recovery. On october 30, the Federal Reserve announced changes to its main Street Lending facility on october 30, the Federal Reserve announced changes to its main Street Lending facility including decreasing the minimum loan size for priority loan facilities from 250,000 to 100,000, and allowing borrowers to deduct any ppp loan for their outstanding debt. Loan for their ppp outstanding debt. Your
Drop sharp criticism from some, especially the former especially her Inspector General for tart. He has a terrible idea that has been circulating among officials in washington the past few weeks. Declaredsentially Mission Accomplished for programs that have attributed to the recovery so far allowed them to expire at the end of the year. Join us is a partner. Lets take the other side. What if its true . Lets take the money and bring it back to congress and reallocated for Small Business. Thanks for having me on. There are couple of problems with that. This is a backstop. The whole point of these programs was to be available in case things get bad again. Ofare seeing this tsunami virus sweeping across the country and the shutdowns are following it, this is exactly the worst time imaginable to pull the plug on these programs which were so important to stability across the country. The idea this is going to be repurposed for Small Business is nonsense. The bottom line is its going to requi
Police witnesses describe what they saw. I saw. A trick or running into various passengers from i mean the whole shes very scary she was in the she was sold to shooting. People running and screaming. This is our 2 International Coming to you live from the russian capital where its just turned 7 pm to the program. Voting is now underway and almost all u. S. States in whats expected to be the most divisive election and the countrys modern history all right now were bringing you live pictures from a polling station in texas which opened its doors 3 hours ago thats traditionally a republican stronghold a democrat to win the lone star last democrat to win the long star state was jimmy carter in 1976 and donald trump comfortably won there by a comfortable margin 4 years ago but this time its seen as a key battleground state with the democratic nominee trailing by just one percentage point according to opinion polls. And a sign of growing anxiety Business Owners are boarding up their windows