2020-04-13
By helping borrowers now, banks hope customers can quickly catch up on payments once the coronavirus pandemic ends. If they can’t, interest income will remain low and charge-offs could pile up if the crisis drags on.
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2020-04-13
Sherrod Brown, the top Democrat on the Senate Banking Committee, explains why consumer protection is so important as the coronavirus pandemic ravages the economy.
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2020-04-13
PayPal, Intuit QuickBooks Capital and Square Capital have been named direct lenders in the Paycheck Protection Program, and more await the OK.
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2020-04-13
The Consumer Financial Protection Bureau wants to make it easier for those who lack bank accounts to receive pandemic relief payments authorized by Congress.
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2020-04-13
At issue is whether the U.S. should step in now to save nonbank mortgage servicers to head off damage to the housing market.
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2020-04-13
Just days after the Fed lifted Wells Fargo's asset cap so it could make more Paycheck Protection Program loans, it warned customers its queue is long and they may want to go elsewhere before program funds are exhausted.
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2020-04-13
Tenants have threatened to suspend payments during the pandemic to pressure officials into providing rental assistance, but the effects on multifamily loans would compound concerns about servicers' liquidity and, ultimately, lenders' performance.
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2020-04-13
Reluctant to cancel what have become pipelines for developing talent, banks are delaying start dates or moving programs entirely online.
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2020-04-13
While the country struggles with a nationwide shutdown, the Bucks County Police Department has instituted new protocols and procedures to keep its officers and the community as safe as possible.
Read More from: Young, Marr & Associates
2020-04-13
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act), signed by President Trump on March 27, 2020
Read More from: Shenwick & Associates
2020-04-13
The agency's top supervisory official said the Comprehensive Capital Analysis and Review will proceed on schedule, and signaled that the Fed will look at how institutions are responding to fallout from the coronavirus.
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2020-04-13
A combination of digital and cloud capabilities, data gathering and regulatory experience should give smaller banks an edge over nonbanks.
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2020-04-13
Q1 profits expected to drop by nearly 25%, while investment banking revenues could tank much more; many banks have tighter standards than the SBA.
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2020-04-12
In blue states in particular, governors and attorneys general are taking up the mantle of consumer protection during the coronavirus emergency, effectively adding another layer of regulation to the patchwork of state and federal oversight.
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2020-04-11
Ginnie Mae will begin taking requests for assistance from issuers who, having exhausted all other options, are having trouble advancing borrowers' principal-and-interest payments to investors amid the pandemic.
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2020-04-10
The COVID-19 pandemic has caused unprecedented economic disruptions worldwide. Businesses that were previously flourishing are now seeing rapid declines in demand and revenue, disruptions in their supply chains, and other operational interference
Read More from: Bankruptcy and Restructuring Blog