Coin shortage persists ahead of holiday shopping rush
As Congress moves to spur more coin production, banks and retailers are running campaigns urging consumers to empty their piggy banks to get more change into circulation. ... Read full article
News Topic: Coins
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Fed's Powell makes case why Congress should relax bank capital rule
As Senate Republicans consider a new coronavirus relief package, the Federal Reserve chairman said easing the so-called Collins amendment would help financial institutions support the economy. ... Read full article
Why coins are scarce and what government, banks are doing about it
The Federal Reserve, U.S. Mint and financial industry representatives are strongly considering a public call for Americans to deposit their spare change, among other fixes, to get coins circulating again. Meanwhile, banks of all sizes are getting creative ... Read full article
Treasury, SBA ease PPP loan forgiveness terms; U.S. faces coin crunch
Firms won’t have to repay their loans even if they don’t rehire all their laid off workers; Fed chair confirms the shortage is due to the coronavirus but is easing as the economy reopen. ... Read full article
Small change is becoming a big problem for banks
At a congressional hearing, Fed Chairman Jerome Powell discussed steps to get the flow of coins to financial institutions back to pre-pandemic levels, as well as ways to ease other industry burdens. ... Read full article