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%.
Read More from: BankThink
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
2020-04-21
In a rare show of unity, banking industry and consumer advocacy groups told congressional leaders that it is not too late to ensure individuals can access all of their coronavirus relief funds promised by the government.
Read More from: BankThink
2020-04-21
Once it starts reopening offices around the world, it "will continue to prioritize the safety of our employees, customers and communities," Citigroup President Jane Fraser said.
Read More from: BankThink
2020-04-21
"One of the advantages is that we can hear from shareholders in faraway places," John Dugan said at Tuesday's annual meeting, which was held entirely online as most of the country remains on lockdown to help stop the spread of the coronavirus.
Read More from: BankThink
2020-04-21
In the middle of an election year where healthcare is already a hotly debated issue, the COVID-19 pandemic has stirred further discussion about whether major changes are necessary.
Read More from: Hayward, Parker, O'Leary & Pinsky