Latest actions by federal financial institution regulators related to the impact of the 2020 coronavirus crisis
More than a half million complaints – up 54% from the previous year – were fielded in 2020 by the federal consumer financial protection agency, which reflects the financial impact of the coronavirus crisis, the […]
Credit unions were urged to protect their members’ stimulus payments – and by extension, the reputation of their industry – under the recently enacted, $1.9 trillion American Rescue Plan from collection, garnishment, and the right […]
An interim final rule to support a Treasury program making capital investments in minority depository institutions (MDIs) and community development financial institutions (CDFIs) is slated to publish in the Federal Register and to go into effect […]
Provisions implementing a recent statutory extension of enhanced liquidity facility access and those delaying the effects of asset growth on a credit union’s regulatory and supervisory framework to 2023 – both aimed at helping credit […]
A webinar slated March 24 by the federal regulator of credit unions will focus on potential areas of risk for credit unions resulting from the COVID-19 pandemic, the agency said in a release Wednesday. The […]
Making capital investments in minority depository institutions (MDIs) and community development financial institutions (CDFIs) through a new program of the Treasury Department is supported in an interim final rule issued Tuesday by the federal banking […]
Emphasizing the importance of inclusivity within the credit union community to blunt the economic effects of the pandemic, the chairman of the federal credit union regulatory agency on Tuesday encouraged credit unions to submit applications […]
A new version of frequently asked questions (FAQ) – which adds five new questions – to assist financial institutions and examiners with determining Community Reinvestment Act (CRA) consideration for activities undertaken in response to the […]
Issuing a report on housing insecurity and the COVID-19 pandemic, the Consumer Financial Protection Bureau (CFPB) on Monday said it was working with federal agencies and consumers to help mitigate a potential flood of home […]
A Treasury program has $1.25 billion available for awards to certified community development financial institutions (CDFIs) to help them support, prepare for, and respond to the economic impact of the COVID-19 pandemic, according to an […]
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