Latest actions by federal financial institution regulators related to the impact of the 2020 coronavirus crisis
Guarding against financial fraud and cybercrimes at banks, such as that affecting guaranteed loan programs is among the top challenges facing the federal insurer of bank deposits in light of the COVID-19 pandemic, the agency’s […]
In case you were wondering, a statement issued by the consumer financial protection agency more than two months ago that provides some flexibility for those affected by the coronavirus pandemic does not say that furnishers […]
Credit unions are being urged by their federal regulator to participate in the Federal Reserve’s “Main Street Lending Program” (MSLP) as a way of easing the flow of credit to small- and medium-sized businesses. In […]
Registration for lenders to participate in the Federal Reserve’s Main Street Lending Program is now open, according a web page on the Boston Federal Reserve Bank’s website. Once they have registered, lenders become “eligible” to […]
Access to credit for nonprofit organizations through loans to small and medium-sized groups that were in sound financial condition before the coronavirus pandemic is the hoped-for result of an expanded lending facility by the Federal […]
Updates to its Secondary Market Corporate Credit Facility (SMCCF), established in March to support credit to employers by providing liquidity to the market for outstanding corporate bonds, were announced Monday by the Federal Reserve Board. […]
Examination activities for all banks will be resumed, all on an offsite basis until conditions related to the coronavirus crisis improve, the Federal Reserve said Monday. The announcement reverses the agency’s position announced in March […]
Regulatory and supervisory actions taken in the face of the coronavirus (COVID-19) crisis by the Federal Reserve are broken up into four categories in a report issued Friday, summarizing the agency’s actions to “facilitate market […]
Earnings retention required for credit unions classified as adequately capitalized, and credit unions’ streamlined net worth restoration plans (NWRPs), are addressed in a letter to credit unions issued by their federal regulator Tuesday. In May, […]
Changes intended to expand accessibility to its the Main Street Lending Program (MSLP), expected to open for registration soon, were announced Monday by the Federal Reserve Board, which said the changes will make the program […]
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