The comment period will be extended on a proposal to require debt collectors to make certain disclosures when attempting to collect on debts that have exceeded the statute of limitations, the federal consumer financial protection […]
Loans secured by high-quality assets purchased from single state and other tax-exempt municipal money market mutual funds will be available to financial institutions under an expansion of the Federal Reserve’s liquidity program announced this week, […]
Certain accounting standards – including those related to current expected credit losses (CECL) – should be either relaxed or postponed due to the financial impact of the coronavirus impact, the board chairman of the federal […]
The federal banking agencies will provide favorable consideration under Community Reinvestment Act (CRA) rules of certain banking services and community development activities by banks related to the coronavirus crisis, the agencies said Thursday. In a […]
Two sets of frequently asked questions (FAQs) – one for financial institutions, one for consumers – about the financial impact of the coronavirus crisis were released Thursday by the federal insurer of bank deposits, including […]
Savings in federally insured credit unions are safe and sound in the face of the financial impact of the coronavirus crisis, the federal credit union regulator said Thursday, following in the footsteps of a similar […]
Following up on the creation of a facility to shore up money market mutual funds, the federal banking agencies Thursday released an interim final rule that gives financial institutions the latitude to actually use the […]
Two more actions to ameliorate the financial impact of the coronavirus crisis – one to establish temporary U.S. dollar liquidity arrangements with central banks, and the other to shore up money market mutual funds with […]
Two applications for deposit insurance from de novo industrial banks – primarily serving customers through Internet services – were approved by the board of the federal bank deposit insurer Wednesday, with one application approved on […]
A change in an interpretive rule for lending to members of the military is outlined in a “letter to credit unions” issued by their federal regulator Wednesday, nearly three weeks after the change was made. […]
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