Sixty more days are added to the comment period for a proposed rule on debt collections past the statute of limitations, the federal consumer financial protection agency said Tuesday, making this the second extension for […]
Significant near-term economic and financial impacts of a sustained or second-wave COVID-19 (coronavirus) pandemic, including concerns about bank asset quality, are outlined in a financial stability report released Friday by the Federal Reserve. In its […]
Treasury securities and deposits at Federal Reserve Banks may be excluded from the calculation of the supplementary leverage ratio calculation by banks and other depository institutions if they so choose, the federal banking agencies announced […]
Changes in home mortgage data reporting thresholds for credit unions – particularly those institutions now excluded from sharing data – under amended final rules implementing the Home Mortgage Disclosure Act (HMDA) are outlined in a “regulatory […]
A “Fed Listens” panel, held in virtual format, on how the coronavirus (COVID-19) pandemic has changed perspectives on the labor market, inflation, and the transmission of monetary policy to households and businesses is slated for […]
Testimony on the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) is set to be delivered during a Senate Banking Committee hearing Tuesday by Federal Reserve Board Chair Jerome H. (“Jay”) Powell and Treasury Secretary […]
Borrowers’ rights to mortgage payment forbearance and foreclosure protection under sweeping legislation enacted to respond to the financial impact of the coronavirus crisis is outlined in a guide released Friday by the federal consumer financial […]
A judgment for redress of $18 million, and fines totaling $450,000, have been proposed for a California mortgage lender to pay for unlawfully obtaining consumer reports that led to deceptive marketing of services and charging […]
Financial conditions changed dramatically for people who experienced job loss or reduced hours during March 2020 as the spread of COVID-19 intensified in the United States, according to a report issued Thursday by the Federal […]
A Texas man has been charged with filing phony applications seeking loans of up to $13 million under the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) – at least the second case in which […]
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