Latest actions by federal financial institution regulators related to the impact of the 2020 coronavirus crisis
A Wisconsin man pleaded guilty to bank fraud this week for his role in fraudulently obtaining more than $600,000 in Paycheck Protection Program (PPP) loans guaranteed by the Small Business Administration (SBA) under the Coronavirus […]
Title: Protections for Borrowers Affected by the COVID-19 Emergency Under the Real Estate Settlement Procedures Act (RESPA), Regulation X Subject: Foreclosures, RESPA, Reg X Agency: CFPB Status: Proposed rule Summary: The Bureau of Consumer Financial […]
Two debt collection rules currently slated to take effect this Nov. 30 would instead have a delayed compliance deadline of Jan. 29, 2022, under a proposal issued Wednesday to give those affected more implementation time […]
Expectations for mortgage servicers’ engagement with borrowers in the closing months of forbearance programs created amid the COVID-19 pandemic – again, with the aim of reducing avoidable foreclosures – are detailed in a new bulletin from the […]
Approximately $1.5 million in awards to support digital services and cybersecurity, mentoring of small minority depository institution (MDI) credit unions, and service to underserved communities will be available to low-income-designated credit unions during 2021, the […]
Declaring “no time to waste, and no excuse for inaction,” the acting director of the Consumer Financial Protection Bureau (CFPB) on Thursday issued Bulletin 2021-01 containing compliance and policy guidance for mortgage servicers in their […]
Studies and reports with recommendations about how to deal with the overall impact of the coronavirus crisis on the international banking community, particularly via non-bank financial intermediaries (NBFIs), are forthcoming over the next several months, […]
Evictions – particularly by major multistate landlords, eviction management services and private equity firms – will be targeted for investigation by two federal agencies charged with overseeing consumer financial protection and fair trade, the agencies […]
The interagency council formed under the 2010 Dodd-Frank Act to identify risks to financial stability and respond to emerging threats is set to meet next Wednesday on climate change and its potential impact on stability, […]
The percentage of mortgages that were current and performing in the fourth quarter of 2020 declined 3.2% to 93.3% from a year earlier, the Office of the Comptroller of the Currency (OCC) reported Thursday based […]
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