Title: Regulatory Capital Rule: Paycheck Protection Program Lending Facility and Paycheck Protection Program Loans Subject: Capital Agency: FDIC, Federal Reserve, OCC Status: Interim final rule Summary: To provide liquidity to small business lenders and the […]
The Federal Reserve’s latest actions to pump up the economy in the face of the coronavirus crisis – including Thursday’s announcement of $2.3 trillion more made available by the central bank – are the result […]
Up to $2.3 trillion in loans to support the economy – including $600 billion to purchase loans to small- and mid-sized businesses – was announced Thursday by the Federal Reserve as a result of “additional […]
An interim final rule allowing financial institutions to neutralize regulatory capital effects with respect to leverage and risk-based ratios for loans pledged to a new “Payroll Protection Program Loan Facility” was announced Thursday by the […]
A letter urging suspension of efforts to revise Community Reinvestment Act (CRA) rules during the coronavirus (COVID-19) pandemic, and urging a new effort that also includes the Federal Reserve once this crisis passes, was sent […]
Wells Fargo Bank received a reprieve Wednesday – if perhaps temporarily – from growth restrictions placed on it by federal regulators in 2018, due to “extraordinary disruptions from the coronavirus.” In a release, the Federal […]
The chairman of the nation’s central bank will discuss the state of the economy and impacts of the coronavirus (COVID-19) pandemic during an online-only discussion Thursday at the Brookings Institution. Federal Reserve Board Chair Jerome […]
The Federal Reserve is going to establish a facility to facilitate lending to small businesses via the Small Business Administration’s (SBA) Paycheck Protection Program (PPP), the central bank said Monday. The facility will provide term […]
Mortgage servicers’ ability to place consumers in short-term forbearance programs like those required by new legislation enacted in response to the coronavirus crisis is outlined in a policy statement issued by federal financial institution and […]
Community banking organizations that have leverage ratios of 8% or more – and which meet certain other conditions – may begin using the community bank leverage ratio (CBLR) framework beginning in the second quarter of […]
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