Latest actions by federal financial institution regulators related to the impact of the 2020 coronavirus crisis
A resource “hub” with curated information for business owners, employees, nonprofit, and community organizations impacted by the coronavirus (COVID-19) was launched Friday by the Federal Reserve Bank of New York. This web page is organized […]
The comment period will be extended on a proposal to require debt collectors to make certain disclosures when attempting to collect on debts that have exceeded the statute of limitations, the federal consumer financial protection […]
The nation’s central bank issued a statement Thursday that it was encouraged by the notable increase this week in discount window borrowing, “with banks demonstrating a willingness to use the discount window as a source […]
An interagency set of questions and answers (Q&As) addressing banking regulators’ recent encouragement for banks to use their capital and liquidity buffers to keep lending during the coronavirus pandemic was released Thursday via a Financial […]
Certain accounting standards – including those related to current expected credit losses (CECL) – should be either relaxed or postponed due to the financial impact of the coronavirus impact, the board chairman of the federal […]
The federal banking agencies will provide favorable consideration under Community Reinvestment Act (CRA) rules of certain banking services and community development activities by banks related to the coronavirus crisis, the agencies said Thursday. In a […]
Two sets of frequently asked questions (FAQs) – one for financial institutions, one for consumers – about the financial impact of the coronavirus crisis were released Thursday by the federal insurer of bank deposits, including […]
Savings in federally insured credit unions are safe and sound in the face of the financial impact of the coronavirus crisis, the federal credit union regulator said Thursday, following in the footsteps of a similar […]
Following up on the creation of a facility to shore up money market mutual funds, the federal banking agencies Thursday released an interim final rule that gives financial institutions the latitude to actually use the […]
Two more actions to ameliorate the financial impact of the coronavirus crisis – one to establish temporary U.S. dollar liquidity arrangements with central banks, and the other to shore up money market mutual funds with […]
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