In case you were wondering, a statement issued by the consumer financial protection agency more than two months ago that provides some flexibility for those affected by the coronavirus pandemic does not say that furnishers […]
Credit unions are being urged by their federal regulator to participate in the Federal Reserve’s “Main Street Lending Program” (MSLP) as a way of easing the flow of credit to small- and medium-sized businesses. In […]
A regulatory alert that gives credit unions an overview of final remittance rule changes adopted in May, and set to take effect July 21, was issued Wednesday by the institutions’ federal regulator. The final rule, […]
Mortgage data collected from seven national banks with large mortgage-servicing portfolios shows that 96.5% of first-lien residential mortgage loans serviced there remained current in the first quarter, up slightly from a year earlier (96.2%). These […]
The departure of a top White House advisor on financial issues – and who oversaw the Trump administration’s nomination process for top financial regulators now in office – spurred a comment from the chairman of […]
Registration for lenders to participate in the Federal Reserve’s Main Street Lending Program is now open, according a web page on the Boston Federal Reserve Bank’s website. Once they have registered, lenders become “eligible” to […]
Access to credit for nonprofit organizations through loans to small and medium-sized groups that were in sound financial condition before the coronavirus pandemic is the hoped-for result of an expanded lending facility by the Federal […]
Banks were still profitable in the first quarter of the year but much less so compared to the same period a year before, as net income dropped by $42.2 billion or 69.6%, the federal insurer […]
The chief executive officer of consulting firm Cash Flow Partners LLC last week pleaded guilty to one count of conspiracy to commit bank fraud and one count of securities fraud in a multi-million dollar scheme […]
Updates to its Secondary Market Corporate Credit Facility (SMCCF), established in March to support credit to employers by providing liquidity to the market for outstanding corporate bonds, were announced Monday by the Federal Reserve Board. […]
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