Latest actions by federal financial institution regulators related to the impact of the 2020 coronavirus crisis
A tech sprint to tackle housing insecurity as state and federal COVID-19 eviction and foreclosure protections near their end will be led jointly by the Consumer Financial Protection Bureau (CFPB) and Department of Housing and […]
Feedback from banks and thrifts on the federal bank deposit insurer’s supervisory approach to examinations during the COVID-19 pandemic is sought in a request for information (RFI) noted Friday in an agency Financial Institution Letter […]
Credit card account limits declined overall during the pandemic – the largest declines being for high-credit-score borrowers – though a spike in account closures early in the pandemic began a decline after May 2020 that […]
An online tool aimed at helping renters and landlords affected by the COVID-19 pandemic find and apply for payment or assistance for rent, utilities, and other expenses was unveiled Wednesday by the federal agency charged […]
The public portions of resolution plans (also known as “living wills”) submitted July 1 by eight large domestic banking firms – and targeted to address the institutions’ response to events surrounding the COVID-19 pandemic – […]
The “first phase” in the agency’s plan to resume onsite operations will begin July 19 at the National Credit Union Administration (NCUA), with staff and contractors permitted to volunteer to work onsite in locations where […]
Most consumers have exited loan payment assistance they may have received early in the coronavirus crisis – and that includes some people who tended to live in communities hit hardest by the financial impact of […]
Consumer complaints about federal student loans fell off during the coronavirus crisis, but overdraft fees on checking accounts surged due to financial institutions attempting to help consumers have access to economic impact payments (EIPs), according […]
An extension to July 30 for the Federal Reserve’s Paycheck Protection Program Liquidity Facility (PPPLF) announced recently is aimed at giving financial institutions added processing time to pledge to the facility any PPP loans that […]
Amid soon-expiring COVID-19 pandemic-related protections for renters, the Consumer Financial Protection Bureau (CFPB) on Thursday issued a compliance bulletin reminding landlords, consumer reporting agencies (CRAs), and others of their obligations to accurately report rental and eviction […]
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