Borrowers’ rights to mortgage payment forbearance and foreclosure protection under sweeping legislation enacted to respond to the financial impact of the coronavirus crisis is outlined in a guide released Friday by the federal consumer financial […]
A judgment for redress of $18 million, and fines totaling $450,000, have been proposed for a California mortgage lender to pay for unlawfully obtaining consumer reports that led to deceptive marketing of services and charging […]
Financial conditions changed dramatically for people who experienced job loss or reduced hours during March 2020 as the spread of COVID-19 intensified in the United States, according to a report issued Thursday by the Federal […]
A Texas man has been charged with filing phony applications seeking loans of up to $13 million under the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) – at least the second case in which […]
The federal regulator of credit unions will consider three issues related to its rules and regulations at its next regularly scheduled meeting May 21, focusing on joint ownership of share accounts, overdraft policy, and prompt […]
Eligible low-income credit unions have until May 22 to apply for Community Development Revolving Loan Fund (CDRLF) grants to meet their needs and needs of their members during the COVID-19 pandemic, the federal credit union […]
While the Federal Reserve has already taken “timely and appropriately large” responses to the economy’s free fall in the wake the coronavirus crisis, there may be more to come, the chair of the Federal Reserve […]
Title: Assessments, Mitigating the Deposit Insurance Assessment Effect of Participation in the Paycheck Protection Program (PPP), the PPP Lending Facility, and the Money Market Mutual Fund Liquidity Facility Subject: Deposit insurance Agency: FDIC Status: Proposed […]
Higher deposit insurance premiums will not be triggered by participation in some of the financial tools meant to help banks deal with the impact of the coronavirus crisis, under a proposal issued Tuesday by the […]
Credit unions are encouraged to advise mortgage borrowers with a need for immediate access to funds that they can forego waiting periods for some of the loans, due to the coronavirus crisis, the federal credit […]
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