ABI Blog Exchange

2020-04-16
The move is part of an effort by CFPB Director Kathy Kraninger to help smaller lenders by significantly raising loan thresholds for collecting and reporting mortgage data.

Read More from: BankThink

2020-04-16
Lawmakers delayed the new accounting standard as part of the stimulus package, but they shouldn't let bankers persuade them to eliminate it outright.

Read More from: BankThink

2020-04-16
The Small Business Administration stopped approving loans when the Paycheck Protection Program hit its cap.

Read More from: BankThink

2020-04-16
Legislation announced Wednesday would allow credit unions to make coronavirus relief loans to businesses without fear of bumping up against the member business lending cap.

Read More from: BankThink

2020-04-16
Federal Reserve Bank of Minneapolis President Neel Kashkari says that large U.S. banks should raise $200 billion from private investors and stop paying dividends so they can support the economy.

Read More from: BankThink

2020-04-16
Wall Street trading arms benefited from first-quarter volatility, but it may not be enough to salvage future earnings; “unprecedented volume” of customers logging into their online bank accounts creates system overload at many banks.

Read More from: BankThink

2020-04-16
The letter written by Rep. Maxine Waters, D-Calif., and Sen. Sherrod Brown, D-Ohio, was seen as a boost to Wall Street lobbying efforts seeking to quell the fallout of the coronavirus crisis on the mortgage market.

Read More from: BankThink

2020-04-16
A long running story on student loan forgiveness litigation:

Read More from: Discharge Student Loan

2020-04-16
On April 9, 2020, the Board of Governors of the Federal Reserve Bank (the “Fed”) announced preliminary details of two new loan programs that have aggregate funding of $600 billion, offered as part of the Coronavirus Aid, Relief, and Economic Secur

Read More from: Krieg DeVault

2020-04-15
The agency is still moving forward on key regulations dealing with payday lending and mortgage underwriting despite new demands posed by the crisis.

Read More from: BankThink

2020-04-15
The two large banks are holding off for a month on collecting on negative balances to ensure that customers receive the full amount of government payments deposited into their accounts.

Read More from: BankThink

2020-04-15
Quick forbearance actions averted an immediate hit to asset quality, but executives warned that a spike in unemployment and a looming recession will cause long-term problems.

Read More from: BankThink

2020-04-15
Mark Weidemaier and Mitu Gulati

Read More from: Credit Slips

2020-04-15
The biggest lenders seem to have handled the corporate rush for cash heading into the economic shutdown caused by the coronavirus pandemic. But their ability to collect is as uncertain as the economic outlook for the next year.

Read More from: BankThink

2020-04-15
The hardest hit industries were leisure and hospitality and retail outside of essential-goods purchases, the Fed said in its Beige Book survey released Wednesday.

Read More from: BankThink