Latest actions by federal financial institution regulators related to the impact of the 2020 coronavirus crisis
The owner of a wedding planning company last week pleaded guilty to filing fraudulent loan applications seeking more than $3 million in forgivable Paycheck Protection Program (PPP) loans and used the proceeds he did receive […]
A rule to bolster the effectiveness of the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) has been extended for the third time by the nation’s central bank to permit certain bank directors and shareholders […]
The federal credit union regulator on Tuesday encouraged credit unions to participate in an upcoming “Ask the Regulators” webinar on the Treasury Emergency Capital Investment Program (ECIP), which has extended its application period to July […]
The economy is coming back after the financial impact of the coronavirus crisis, but those holding lower-paying jobs – and particularly Black and Hispanic prime-age workers – continue to have problems finding work, the chair […]
A man from MIddlesex, N.J., last week admitted he deposited a stolen and altered U.S. Treasury check for more than $211,000 and fraudulently received more than $481,000 from the Paycheck Protection Program (PPP) created to […]
Title: Debt Collection Practices in Connection With the Global COVID-19 Pandemic (Regulation F) Subject: Evictions Agency: CFPB Status: Interim final rule Summary: The Bureau of Consumer Financial Protection (Bureau) is issuing this interim final rule […]
Businesses and tax-exempt organizations with less than 500 employees — including banks and credit unions — can receive a tax credit toward Medicare taxes they pay for providing paid time off for each employee receiving […]
Tenants can hold debt collectors accountable for illegal evictions in the face of a moratorium on such actions outlined by federal health authorities, according to a rule issued Monday by the federal consumer financial protection […]
A Wisconsin man pleaded guilty to bank fraud this week for his role in fraudulently obtaining more than $600,000 in Paycheck Protection Program (PPP) loans guaranteed by the Small Business Administration (SBA) under the Coronavirus […]
Title: Protections for Borrowers Affected by the COVID-19 Emergency Under the Real Estate Settlement Procedures Act (RESPA), Regulation X Subject: Foreclosures, RESPA, Reg X Agency: CFPB Status: Proposed rule Summary: The Bureau of Consumer Financial […]
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