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Treasury recommends exploring creation of a digital dollar 

WASHINGTON (AP) – The Biden administration is moving one step closer to developing a central bank digital currency, known as the digital dollar, saying...

Markets shudder on dashed inflation hopes; Dow falls 1,250

NEW YORK (AP) — Stocks tumbled to their worst day in more than two years Tuesday, knocking the Dow Jones Industrial Average down more...

Providence Revolving Fund allocated $1.6M in federal funds

PROVIDENCE – The Providence Revolving Fund was awarded $1.6 million in federal CDFI Rapid Response Program funds, state congressional lawmakers announced Monday. The announcement follows...

Capital Good Fund receives $1.3M federal grant

PROVIDENCE – A Providence-based nonprofit that offers loans to low-income families will benefit from a $1.3 million injection of federal funding, it announced on...

RentReliefRI program scheduled to launch March 31

PROVIDENCE – A new $200 million, emergency rental assistance program that will be administered by the R.I. Housing and Mortgage Finance Corp. is expected...

Providence nonprofit lender expands to Texas

PROVIDENCE – Providence-based nonprofit lending institution Capital Good Fund recently expanded its low-interest loan services to Texas, according to a press release. The Nov. 9...
U.S. TREASURY Secretary Steven Mnuchin said that the Trump administration is seeking an additional $250 billion for the SBA's Paycheck Protection Program. / AP FILE PHOTO/ALEX BRANDON

Mnuchin: Additional $250B sought for small businesses

WASHINGTON (AP) – The Trump administration will seek an additional $250 billion to support a program designed to help small businesses keep workers employed...
THE CAPITAL GOOD FUND has received a three-year $665,000 grant from the U.S. Treasury. Above, CGF founder and CEO Andy Posner. / COURTESY CAPITAL GOOD FUND

Capital Good Fund receives $665K grant from U.S. Treasury

PROVIDENCE – The Capital Good Fund received a three-year $665,000 grant from the U.S. Treasury’s Community Development Financial Institutions Fund, CGF announced Wednesday. The Capital...
ANDREW POSNER, Capital Good Fund founder and CEO / PBN FILE PHOTO/ MICHAEL SALERNO

Capital Good Fund to expand services with $466K Treasury grant

PROVIDENCE – The Capital Good Fund has received its largest influx of funding ever with a $466,000 grant from the U.S. Treasury, which will...
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