Federal Reserve Governor Lael Brainard said on Tuesday (March 12) that a more flexible look at banks through the lens of the Community Reinvestment Act (CRA) could potentially make capital available for regions outside the usual areas financial institutions cater to. Brainard made the remarks...
October 08, 2019
Silicon Valley tech startup Neighborly is having money woes and can’t make payroll, Bloomberg reported on Monday (Oct. 7). Anticipated funding did not close and the firm’s chief executive officer Jase Wilson told employees to stop working, according to a memo obtained by Bloomberg. “As of tonight, we are not in a position to compensate […]
March 12, 2019
Federal Reserve Governor Lael Brainard said on Tuesday (March 12) that a more flexible look at banks through the lens of the Community Reinvestment Act (CRA) could potentially make capital...
