Latest actions by federal financial institution regulators related to the impact of the 2020 coronavirus crisis
An advisory panel that focuses on ways to expand access to banking services by underserved populations is set to meet publicly via webcast Oct. 22 to discuss, among other things, the impact of the COVID-19 […]
Continued economic and financial uncertainty related to the impact of the coronavirus crisis has moved the Federal Reserve to extend programs meant to help banks face the challenges. The Fed Thursday said it has extended […]
Regulatory challenges created by the rapid, but temporary, expansion of assets are being considered by the Federal Reserve, including how to address those trials, the agency’s designated representative of community banks said Wednesday. In a […]
Temporary rules established to counter the financial impact of the coronavirus crisis – on real estate appraisals and evaluations, and the impact on regulatory capital of participating in special lending facilities – were made final […]
Respondents to a September survey regarding banks’ experiences with the Main Street Lending Program (MSLP), created as part of the Federal Reserve’s response to the COVID-19 pandemic, said they expected to see a rise in […]
A Spanish version of its July 30 advisory issued to help financial institutions identify, prevent, and report potential cybercrime and cyber-enabled crime exploiting the COVID-19 pandemic was announced Monday by Treasury’s financial crimes enforcement unit. […]
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 […]
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