Any relief banks may receive on their leverage ratio requirements through congressional action should only be temporary, the chair of the nation’s central bank said Wednesday – but he did indicate support for the provisional […]
The Federal Reserve’s temporary U.S. dollar liquidity swap lines and temporary repurchase agreement facility for foreign and international monetary authorities (FIMA repo facility) established in March to help ease the effects on funding markets from […]
Queuing up Thursday’s planned action regarding the credit loss accounting standard, National Credit Union Administration (NCUA) Board Chairman Rodney Hood told a credit union group Wednesday that he remains concerned about the standard’s potential impact […]
A regulatory environment that allows for expanding credit with protection from discrimination in credit transactions is the stated aim of a “request for information” (RFI) from the consumer financial protection agency, announced Tuesday. In a […]
About 5% of complaints received by the federal consumer financial protection agency since the year began specifically referenced coronavirus, the director of the agency told a Senate panel Wednesday. Consumer Financial Protection Bureau (CFPB) Director […]
A webinar for credit unions, “Export Financing for Your Small Business Members,” will be hosted Aug. 19 by the National Credit Union Administration (NCUA) and feature Export-Import Bank staff providing a look at the bank’s […]
An interim final rule detailing how mortgage servicers can provide COVID-19-related forbearance based on their evaluation of limited information collected from a borrower – and which took effect July 1 – is outlined in a […]
Purchasing a $318,000 Italian sports car with money obtained through a federal program meant to help businesses through the coronavirus crisis is strongly frowned upon, a Florida man learned Monday when he was charged with […]
Dec. 31 is the new deadline date for special lending facilities set up to deal with the financial impact of the coronavirus crisis, the Federal Reserve said Tuesday. The facilities were originally scheduled to wrap […]
A Washington state technology executive was taken into custody last week and charged with fraudulently seeking more than $5.5 million in Paycheck Protection Program (PPP) loans and laundering the proceeds, according to a release circulated […]
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