Latest actions by federal financial institution regulators related to the impact of the 2020 coronavirus crisis
Rules described as designed to help prevent a surge of foreclosures as federal protections expire were finalized Monday – to become effective Aug. 31 – by the federal consumer financial protection agency. The Consumer Financial […]
An initiative of the nation’s central bank to glean feedback from groups and communities that has informed its policy discussions will continue in 2021, focusing on input from individuals, households, and communities about the economic […]
The owner of a wedding planning company last week pleaded guilty to filing fraudulent loan applications seeking more than $3 million in forgivable Paycheck Protection Program (PPP) loans and used the proceeds he did receive […]
A rule to bolster the effectiveness of the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) has been extended for the third time by the nation’s central bank to permit certain bank directors and shareholders […]
The federal credit union regulator on Tuesday encouraged credit unions to participate in an upcoming “Ask the Regulators” webinar on the Treasury Emergency Capital Investment Program (ECIP), which has extended its application period to July […]
The economy is coming back after the financial impact of the coronavirus crisis, but those holding lower-paying jobs – and particularly Black and Hispanic prime-age workers – continue to have problems finding work, the chair […]
A man from MIddlesex, N.J., last week admitted he deposited a stolen and altered U.S. Treasury check for more than $211,000 and fraudulently received more than $481,000 from the Paycheck Protection Program (PPP) created to […]
Title: Debt Collection Practices in Connection With the Global COVID-19 Pandemic (Regulation F) Subject: Evictions Agency: CFPB Status: Interim final rule Summary: The Bureau of Consumer Financial Protection (Bureau) is issuing this interim final rule […]
Businesses and tax-exempt organizations with less than 500 employees — including banks and credit unions — can receive a tax credit toward Medicare taxes they pay for providing paid time off for each employee receiving […]
Tenants can hold debt collectors accountable for illegal evictions in the face of a moratorium on such actions outlined by federal health authorities, according to a rule issued Monday by the federal consumer financial protection […]
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