Latest actions by federal financial institution regulators related to the impact of the 2020 coronavirus crisis
Apparently expressing confidence that students will be actually returning to their schools over the next few weeks, federal bank, credit union, and consumer financial protection regulators are scheduling a webinar late this month on financial […]
As the financial impact of the coronavirus became increasingly apparent this spring, top federal financial regulators intensified their interaction, meeting – typically by conference calls – more than 60 times from March through June, according […]
A project manager employed by a major retailer has pleaded guilty to bank fraud charges for fraudulently seeking more than $8 million in forgivable Paycheck Protection Program (PPP) bank loans, the Federal Deposit Insurance Crop. […]
An interim reduction of assessments charged by the federal regulator of national banks goes into effect Sept. 7, to be reflected in assessments paid Sept. 30, the agency said in a release Friday. The Sept. […]
An interim final rule codifying the “standard withdrawal period” for a collective investment fund (CIF) and allowing for an exception, with the regulator’s approval, was issued for comment Tuesday by the Office of the Comptroller […]
Black business owners declined by 41% from February to April 2020, the period of the initial financial impact of the coronavirus crisis, largely because of several factors, including that areas with high volume of virus […]
Prudent risk management and consumer protection principles for borrowers nearing the end of accommodation periods due to the impact of the coronavirus crisis were outlined in a joint statement issued Monday by federal and state […]
Aiding financial institutions in detecting, preventing, and reporting potential COVID-19-related criminal activity is the aim of an advisory issued Thursday by the Treasury’s top financial crimes enforcement arm. The Financial Crimes Enforcement Network (FinCEN) said […]
The Federal Reserve’s temporary U.S. dollar liquidity swap lines and temporary repurchase agreement facility for foreign and international monetary authorities (FIMA repo facility) established in March to help ease the effects on funding markets from […]
About 5% of complaints received by the federal consumer financial protection agency since the year began specifically referenced coronavirus, the director of the agency told a Senate panel Wednesday. Consumer Financial Protection Bureau (CFPB) Director […]
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