2020-04-13
The Consumer Financial Protection Bureau wants to make it easier for those who lack bank accounts to receive pandemic relief payments authorized by Congress.
Read More from: BankThink
2020-04-13
At issue is whether the U.S. should step in now to save nonbank mortgage servicers to head off damage to the housing market.
Read More from: BankThink
2020-04-13
Just days after the Fed lifted Wells Fargo's asset cap so it could make more Paycheck Protection Program loans, it warned customers its queue is long and they may want to go elsewhere before program funds are exhausted.
Read More from: BankThink
2020-04-13
Tenants have threatened to suspend payments during the pandemic to pressure officials into providing rental assistance, but the effects on multifamily loans would compound concerns about servicers' liquidity and, ultimately, lenders' performance.
Read More from: BankThink
2020-04-13
Reluctant to cancel what have become pipelines for developing talent, banks are delaying start dates or moving programs entirely online.
Read More from: BankThink
2020-04-13
While the country struggles with a nationwide shutdown, the Bucks County Police Department has instituted new protocols and procedures to keep its officers and the community as safe as possible.
Read More from: Young, Marr & Associates
2020-04-13
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act), signed by President Trump on March 27, 2020
Read More from: Shenwick & Associates
2020-04-13
The agency's top supervisory official said the Comprehensive Capital Analysis and Review will proceed on schedule, and signaled that the Fed will look at how institutions are responding to fallout from the coronavirus.
Read More from: BankThink
2020-04-13
A combination of digital and cloud capabilities, data gathering and regulatory experience should give smaller banks an edge over nonbanks.
Read More from: BankThink
2020-04-13
Q1 profits expected to drop by nearly 25%, while investment banking revenues could tank much more; many banks have tighter standards than the SBA.
Read More from: BankThink
2020-04-12
In blue states in particular, governors and attorneys general are taking up the mantle of consumer protection during the coronavirus emergency, effectively adding another layer of regulation to the patchwork of state and federal oversight.
Read More from: BankThink
2020-04-11
Ginnie Mae will begin taking requests for assistance from issuers who, having exhausted all other options, are having trouble advancing borrowers' principal-and-interest payments to investors amid the pandemic.
Read More from: BankThink
2020-04-10
The COVID-19 pandemic has caused unprecedented economic disruptions worldwide. Businesses that were previously flourishing are now seeing rapid declines in demand and revenue, disruptions in their supply chains, and other operational interference
Read More from: Bankruptcy and Restructuring Blog
2020-04-10
After opening-day fiasco, SBA upgrades lender portal with Amazon assist; West Virginia’s First State Bank closed by regulators; BofA offers emergency loans to borrowers first, freezing out depositors; and more from this week’s most-read stories.
Read More from: BankThink
2020-04-10
Many thousands of New Jersey household are already facing financial difficulties because of COVID-19. As a result, many renters will not be able to pay this month’s rent.
Read More from: Levitt & Slafkes LLC