2020-04-22
More than a dozen firms have struck agreements with nine states to provide forbearance to customers struggling to make payments in the midst of the coronavirus pandemic.
Read More from: BankThink
2020-04-22
The Federal Reserve’s Main Street Lending Program is meant to be a lifeline for midsize businesses, but two weeks after its unveiling, those firms and their lenders remain on edge about what strings will be attached.
Read More from: BankThink
2020-04-22
Canada's biggest banks have spent more than $71 billion on technology since the last financial crisis in a bet that clients would eventually become more digitally savvy. The pandemic is hastening that shift faster than they could've expected.
Read More from: BankThink
2020-04-22
New York City pensions are pushing to remove Lee Raymond, JPMorgan Chase's longest-serving director, from the bank's board because of his track record on climate change.
Read More from: BankThink
2020-04-22
Creditors Can’t Garnish Your Stimulus Check- But They CAN Garnish Your Bank Account
Read More from: My AZ Lawyers
2020-04-22
Firms that create virtual assistants for financial institutions are training their bots to answer questions about the pandemic and relieve phone lines from a barrage of customer calls.
Read More from: BankThink
2020-04-22
Responding to pressure from industry groups and members of Congress, the Federal Housing Finance Agency (FHFA) announced on April 21, 2020 that servicers of Freddie and Fannie mortgage loans will only be required to advance four months of missed p
Read More from: Bankruptcy and Restructuring Blog
2020-04-22
The FHFA will allow Fannie Mae and Freddie Mac, for a limited time, to purchase loans for which the borrower has sought to postpone payments because of the economic effects of the coronavirus.
Read More from: BankThink
2020-04-22
Small-business owners applying for Economic Injury Disaster Loans could see another applicant's information if they hit the back button.
Read More from: BankThink
2020-04-22
The program, created in response to the 2008 financial crisis, generated $19 billion in small-business loans. It could be used as a viable path out of the coronavirus pandemic.
Read More from: BankThink
2020-04-22
The bill, which includes $310 billion in new funding, is expected to pass the House on Thursday; Chase has no timeline for returning but plans to bring back employees to offices in stages.
Read More from: BankThink
2020-04-21
The online lender, reeling from the economic fallout of the coronavirus pandemic, also said it is cutting senior executives' salaries by 25%.
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2020-04-21
The House is expected to vote later this week on the bill expanding emergency relief for small businesses reeling from the effects of the coronavirus.
Read More from: BankThink
2020-04-21
Don’t fall for these five myths about the stimulus payments
Read More from: Shenwick & Associates
2020-04-21
Efforts to calm lenders’ fears about coronavirus-related forbearance may not offset tightening standards, and the FHA is less likely to boost volume than it was during the financial crisis.
Read More from: BankThink
2020-04-21
The pandemic won’t halt the Cincinnati bank's plan to open about 100 branches in the Southeast, but features could be added to accommodate social distancing.
Read More from: BankThink