Latest actions by federal financial institution regulators related to the impact of the 2020 coronavirus crisis
A man from Middletown, R.I., on federal supervised release and who was previously sentenced for robbing four banks faces charges in federal court in Providence for allegedly filing fraudulently seeking more than $4.7 million in […]
The “Main Street Lending” (MSL) program has attracted involvement from financial institutions representing more than half of all banking assets – but fewer than 600 banks total – and has so far issued loans amounting […]
Hypothetical scenarios for a second round of bank stress tests – to be conducted due to continued uncertainty related to the coronavirus crisis – were released Thursday by the Federal Reserve. The Fed said that […]
Lender underwriting should look back to a borrower’s pre-pandemic condition and forward to post-pandemic condition, according to revised frequently asked questions (FAQs) addressing the Main Street Lending Program issued Friday by the Federal Reserve. In […]
U.S. families reported they were doing better in July than they were in April, but uncertainty over layoffs and prospects for returning to work were still afflicting many, the results of a Federal Reserve survey […]
The three advisory panels to the Consumer Financial Protection Bureau (CFPB) that represent community banks, credit unions, and consumers are set to meet Sept. 23 by conference call to discuss regulatory matters and the impact […]
Federal regulators have extended until Nov. 3 the public comment deadline on their proposed update to interagency questions and answers regarding flood insurance, the agencies announced recently. In a Sept. 1 release, the regulators – […]
Consumers have not fallen significantly behind in making their loan payments during the coronavirus crisis, a report from the federal consumer financial protection agency asserted last week based on credit record data analyzed by the […]
A Massachusetts man who allegedly conspired to seek more than $500,000 in forgivable loans through the Small Business Administration (SBA) Paycheck Protection Program (PPP) – and who reportedly faked his own death following charges and […]
Assisting intermediaries serving individuals to access their federal economic impact payments (EIPs) is the aim of a new guide announced Thursday by the federal consumer financial protection agency. The Consumer Financial Protection Bureau (CFPB) said […]
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