Fed brings smaller cities, counties into loan program

Fed brings smaller cities, counties into loan program | Fed drops limit on savings account withdrawals | Mnuchin: US economy poised for revival Created for {EMAIL} | [Web Version]( April 29, 2020 [SIGN UP]( ⋅ [SHARE]( [] Risk Management and Insurance [] [Fed brings smaller cities, counties into loan program]( The Federal Reserve has broadened eligibility for the Municipal Liquidity Facility to let more local governments participate. The central bank has lowered the population requirement to 250,000 from 1 million for cities and to 500,000 from 2 million for counties. Full Story: [CNBC]( (4/27), [Agence France-Presse]( (4/28), [The Wall Street Journal (tiered subscription model)]( (4/27), [Bloomberg (tiered subscription model)]( (4/27) [LinkedIn]( [Twitter]( [Facebook]( [Email]( [] [Fed drops limit on savings account withdrawals]( The Federal Reserve is eliminating a requirement that banks limit customers with savings accounts and money market accounts to six withdrawals a month without a fee. The central bank says the coronavirus pandemic makes it important for consumers to be able to obtain cash. Full Story: [Reuters]( (4/24), [The Wall Street Journal (tiered subscription model)]( (4/24) [LinkedIn]( [Twitter]( [Facebook]( [Email]( [] - [Mnuchin: US economy poised for revival]( Agence France-Presse (4/26), The Wall Street Journal (tiered subscription model) (4/26) [] Cybersecurity [] [Report: 30,000% jump in coronavirus-related cyberattacks]( Cyberattacks related to the coronavirus pandemic have skyrocketed by 30,000% since January, Zscaler reports. The attacks include malware and phishing emails containing fake information about the coronavirus or stimulus funds. Full Story: [Infosecurity (U.K.)]( (4/27) [LinkedIn]( [Twitter]( [Facebook]( [Email]( [] Government Regulation [] [White House: More stimulus needed for V-shaped recovery]( The US likely needs another stimulus bill to see a V-shaped recovery in the economy, White House economic adviser Kevin Hassett said. The White House and some Republican lawmakers are considering an additional phase of stimulus that could include a payroll tax holiday or negative payroll tax, sources say. Full Story: [Fox Business]( (4/27), [Fox News]( (4/27) [LinkedIn]( [Twitter]( [Facebook]( [Email]( [] - [Deflation preoccupies Fed as meeting approaches]( BNN Bloomberg (Canada) (4/26) [] - [SBA imposes PPP loan limits for banks]( Reuters (4/26) [] Innovation [] [JPMorgan partners with Taulia to boost supply chain finance]( JPMorgan Chase is partnering with working capital platform Taulia to deliver liquidity to small suppliers of corporations. Giving suppliers capital to finance orders could free up $20 trillion in capital tied up in the supply chain waiting to be paid, Taulia CEO Cedric Bru says. Full Story: [Bloomberg (tiered subscription model)]( (4/26) [LinkedIn]( [Twitter]( [Facebook]( [Email]( [] News from Aon [] How cybercriminals are taking advantage of COVID-19 The COVID-19 pandemic has forced many workers to set up virtual offices. Working from home, plus the complexity and volatility of the crisis, is a perfect opportunity for cybercriminals. [Learn more.]( [LinkedIn]( [Twitter]( [Facebook]( [Email]( [] Novel coronavirus: How organizations can reduce pandemic risk Aon's Infectious Disease Response Task Force is dedicated to supporting organizations in mounting effective infectious disease (pandemic) response, and in planning for impacts that may confront businesses, their employees, and the communities in which businesses operate and employees reside. [Learn more]( and view the [COVID-19 Response Site](. 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