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The first half of 2023 witnessed the failure of three financial institutions. Silicon Valley Bank, Signature Bank, and First Republic Bank. This was the first time three financial institutions failed in such a compressed time period since the Great Recession of 2008.
In the first quarter, the deficit amounted to P316.8 billion, 1.44% smaller compared with a year ago.
10.49% As far as West Texas' large cities go, the oil downtown continues to create some economic woes for both Midland and Odessa. While both cities saw their June 2021 Sales Tax Allocation increase compared to June 2020, both cities are still down on their Year-to-Date totals. Lubbock had an amazing 35% increase in sales tax revenue when comparing June 2020 to June 2021. Wichita Falls and Amarillo were in similar situations with their 33% and 28%, respective increases. City
Headlines CFPB Issues Interim Final Rule to Support CDC Moratorium on Evictions FEMA Announces Changes to National Flood Insurance Program Pricing Proposed Rule Would Establish Mandatory Terms for Tax Allocation Agreements Other Developments: Paycheck Protection Program and Qualified Mortgages 1. CFPB Takes Steps to Avoid a Possible Wave of Home Mortgage Loan Foreclosures The CFPB has issued guidance to mortgage servicers, including banks that service mortgage loans for third-party noteholders, that the CFPB expects servicers to dedicate sufficient resources and staff to reduce avoidable fore...