Strategies credit unions can use to work with borrowers who experience financial hardship because of the coronavirus crisis are outlined by the federal credit union regulator in a letter to its supervised institutions released Thursday. […]
Two new fact sheets focusing on appraisals and other valuations and their delivery in home mortgage loan applications were released Thursday by the federal consumer financial protection agency, which said the documents were issued in […]
Credit unions were told Wednesday by their federal regulator that from 4 p.m. to 11:59 p.m. ET this day, the Small Business Administration (SBA) Paycheck Protection Program (PPP) will only accept loans from lending institutions […]
It’s too early to be making assessments of how to avoid a financial shock such as that caused by the coronavirus crisis – “we’re still putting out the fire,” the Federal Reserve Board chair said […]
Consumers impacted by the COVID-19 (coronavirus) pandemic can exercise their rights to modify or waive certain required waiting periods under the Truth in Lending Act/Real Estate Settlement Procedures Act (TILA-RESPA) integrated disclosure rule (also known […]
A review by the inspector general’s office at the National Credit Union Administration (NCUA) shows that none of the agency’s programs are considered to be susceptible to “significant” improper payments as defined by the Improper […]
Emerging credit risks resulting from the coronavirus crisis will be the focus of questions by federal examiners when they begin contacting the institutions they review beginning next week, the federal credit union regulator said Wednesday. […]
Two frequently asked questions about Bank Secrecy Act (BSA) compliance requirements of lenders participating in the Small Business Administration’s (SBA) Paycheck Protection Program (PPP), created to help small businesses manage through the coronavirus crisis, were […]
Banks making loans under the Paycheck Protection Program (PPP) are urged to “prudently document” their decisions for the loans – if nothing else, to help the banks qualify for credit under anti-redlining rules, the regulator […]
Title: Central Liquidity Facility Subject: Central Liquidity Facility; coronavirus response Agency: NCUA Status: Interim final rule; request for comments Summary: In response to the COVID-19 pandemic, the NCUA Board (Board) is issuing this interim final […]
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