Latest actions by federal financial institution regulators related to the impact of the 2020 coronavirus crisis
A Treasury program has $1.25 billion available for awards to certified community development financial institutions (CDFIs) to help them support, prepare for, and respond to the economic impact of the COVID-19 pandemic, according to an […]
Work should continue to improve the speed and efficiency of payments systems as the world grapples with the outcome of the coronavirus crisis, which moved many to work and conduct commerce online, according to a […]
Fraud and other financial crimes related to economic stimulus payments (EIPs) made by the federal government last spring and just last month are the subjects of an advisory released Wednesday by the Treasury Department’s financial […]
Title: Risk-Based Net Worth – COVID-19 Regulatory Relief Subject: Risk-based net worth; COVID-19 Agency: NCUA Status: Proposed rule Summary: The NCUA Board (Board) is issuing this proposal to raise the asset threshold for defining a […]
Eligible credit unions interested in getting some of the $9 billion in capital provided for under the recently enacted Emergency Capital Investment Program at Treasury were encouraged to begin working on their applications sooner rather […]
Depository institutions’ reprieve from reserve requirements on transactions accounts, implemented last March to keep money flowing amid the coronavirus pandemic, will be permanent under a final rule approved by the Federal Reserve Board. The Fed […]
An advisory warning financial institutions of a proliferation of fraud schemes tied to health care or health insurance services bought and paid for amid the COVID-19 pandemic was issued Tuesday by the Treasury Financial Crimes […]
The recently named acting director of the federal consumer financial protection agency said in a statement released Thursday that the bureau will be taking “aggressive action” in response to cases where financial providers have violated […]
Citing the aim of promoting greater financial inclusion and helping communities meet the challenges of the ongoing COVID-19 pandemic, the federal regulator of credit unions is encouraging eligible institutions – federal credit unions (FCUs) with […]
An overview of the new Paycheck Protection Program (PPP) features included in the massive coronavirus crisis relief legislation passed by Congress late last month will be provided in a webinar on Monday (Jan. 11) sponsored […]
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