Latest actions by federal financial institution regulators related to the impact of the 2020 coronavirus crisis
An update on the impact of elder financial exploitation and scams related to the coronavirus (COVID-19) crisis will be explored in a Thursday (June 11) webinar hosted by the federal credit union regulator and featuring […]
Guidance to help mortgage servicers comply with forbearance requirements in dealing with consumers affected by the coronavirus (COVID-19) pandemic was issued jointly Thursday by the federal consumer bureau and state financial institution regulators. The guidance, […]
The Consumer Financial Protection Bureau (CFPB) is providing temporary, targeted flexibility during the coronavirus (COVID-19) pandemic for credit card issuers regarding the electronic provision of certain disclosures under truth-in-lending laws that are required to be […]
All U.S. states will be able to have at least two cities or counties eligible to directly issue notes to the Federal Reserve’s Municipal Liquidity Facility (MLF), regardless of population, under changes expanding eligibility announced […]
No error arises under the remittance rule (contained in Regulation E) when funds aren’t delivered on time because of certain government-mandated closures of commercial activity – that is the gist of a set of three […]
The “stability and orderly functioning of the financial system” is potentially threatened by local orders of mayors and governors, the acting top federal regulator of national banks said Monday. In letters to groups representing state […]
Title: Director, Shareholder, and Member Meetings Subject: Director, shareholder, member meetings Agency: OCC Status: Interim final rule; request for comments Summary: The Office of the Comptroller of the Currency (OCC) is amending its regulations on […]
Title: Prompt Corrective Action: Earnings Retention Waivers and Net Worth Restoration Plans Subject: Prompt corrective action; coronavirus response Agency: NCUA Status: Interim final rule Summary: The NCUA Board (Board) is extending two temporary changes to […]
The federal credit union regulator is continuing its offsite exam and supervision work as a result of the coronavirus crisis but expects to return to issuing examination reports, according to a second letter to credit […]
Questions, and answers, about the interaction between anti-redlining laws and the impact of the coronavirus crisis were published Tuesday by the federal regulator national banks. In what it called “interagency frequently asked questions” (FAQs), the […]
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