Top headlines in today’s news …
The Federal Reserve’s latest actions to pump up the economy in the face of the coronavirus crisis – including Thursday’s announcement of $2.3 trillion more made available by the central bank – are the result […]
Up to $2.3 trillion in loans to support the economy – including $600 billion to purchase loans to small- and mid-sized businesses – was announced Thursday by the Federal Reserve as a result of “additional […]
An interim final rule allowing financial institutions to neutralize regulatory capital effects with respect to leverage and risk-based ratios for loans pledged to a new “Payroll Protection Program Loan Facility” was announced Thursday by the […]
Wells Fargo Bank received a reprieve Wednesday – if perhaps temporarily – from growth restrictions placed on it by federal regulators in 2018, due to “extraordinary disruptions from the coronavirus.” In a release, the Federal […]
The chairman of the nation’s central bank will discuss the state of the economy and impacts of the coronavirus (COVID-19) pandemic during an online-only discussion Thursday at the Brookings Institution. Federal Reserve Board Chair Jerome […]
Hoping to match up past statements with newly enacted laws, federal financial institution regulators Tuesday issued a joint statement noting that loan modification programs (including troubled debt restructurings [TDRs]) offered to financial institution customers affected […]
Community banking organizations that have leverage ratios of 8% or more – and which meet certain other conditions – may begin using the community bank leverage ratio (CBLR) framework beginning in the second quarter of […]
A company doing business under the name Cash Store has been ordered to pay a $1.1 million civil money penalty (CMP) and consumer redress of $286,675.64 in a settlement with the Consumer Financial Protection Bureau […]
Compliance responsibilities of credit reporting agencies and furnishers of report information under the consumer and business relief provisions of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) are outlined in a policy statement […]
Credit or consumer reporting made up 44% of all complaints received by the federal consumer financial protection agency in 2019 – a 23% increase from the previous year and the largest number of complaints in […]
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