Tuesday, October 26, 2021

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Federal Reserve: Main Street Lending Program borrowers had higher-than-average credit risk

PROVIDENCE – The small and midsized businesses that borrowed money through the Federal Reserve’s pandemic loan program were more likely to default on payments...

Final Main Street Lending numbers show little R.I. participation from banks,...

PROVIDENCE – There were only two Rhode Island companies among the 1,800 businesses to receive loans through the Federal Reserve’s Main Street Lending Program,...

New England Public Policy Center report: Medication helping R.I.’s opioid problem

PROVIDENCE – Medication-assisted treatment seems to be reducing the risk of overdose for Rhode Islanders with opioid addictions, a new report by the New...
CHRISTINA H. PAXSON, president of Brown University, has been named the chair of the Federal Reserve Bank of Boston's board of directors. / PBN FILE PHOTO/TRACY JENKINS

Brown University President Paxson named Boston Fed’s board chair

PROVIDENCE – Brown University President Christina H. Paxson will serve as chair of the Federal Reserve Bank of Boston’s board of directors, Boston Fed...

Fed: ‘Card not present’ fraud tops concerns of regional banks, credit...

PROVIDENCE – In an increasingly digital world, fraud through online and phone transactions has become the top concern for banks and credit unions, according...

Bill filed to halt evictions; Ruggerio says a crisis was looming...

PROVIDENCE – Sen. William J. Conley Jr., D-East Providence, and Rep. Grace Diaz, D-Providence, filed legislation that would implement a moratorium on evictions and...

Bill filed to halt evictions; Ruggerio says a crisis was looming...

PROVIDENCE - Sen. William J. Conley Jr., D-East Providence, and Rep. Grace Diaz, D-Providence, filed legislation that would implement a moratorium on evictions and...

Beige Book: N.E. businesses continue to have ‘considerable uncertainty’ on economy

PROVIDENCE – Economic activity in New England picked up somewhat in the second half of May and all of June, the Federal Reserve’s Beige...

Federal Reserve releases preliminary list of Main Street lenders

PROVIDENCE – Five banks in Rhode Island are accepting applications from new business customers for the Main Street Lending Program, according to a list...
RHODE ISLAND's second quarter tax revenue was projected to decline between $287 million and $482.4 million year over year, depending on the rate of unemployment in the state. / AP FILE PHOTO/ANDREW HARNIK

Boston Fed sees R.I. Q2 tax revenue drop of at least...

PROVIDENCE – The Federal Reserve Bank of Boston on Thursday projected Rhode Island’s state tax revenue will decline between $287 million and $482.4 million...

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