2020-04-01
Amid the coronavirus emergency, the central bank may have to decide at what point the imperatives of an economic crisis outweigh the requirements of its most severe enforcement action in recent memory.
Read More from: BankThink
2020-04-01
The agency said lenders should avoid reporting delinquent payments to credit bureaus for consumers who have sought payment relief due to the pandemic.
Read More from: BankThink
2020-04-01
The Coronavirus Aid, Relief, and Economic Security Act known as the CARES Act has officially been signed into law and includes a Paycheck Protection Program.
Read More from: Bernstein-Burkley, P.C.
2020-04-01
Bank of America said it has agreed to allow 50,000 mortgage customers to defer payments for three months because they've lost income as a result of the pandemic.
Read More from: BankThink
2020-04-01
The pandemic may force the Small Business Administration to rely more on fintechs and digital channels to hasten loan approvals, a shift that could stick.
Read More from: BankThink
2020-04-01
The app, set to roll out this month, will be offered to the 38 million Office 365 users and can connect via the data aggregator Plaid to all bank and card accounts.
Read More from: BankThink
Which Law Applies When Determining the Validity of an Assignment of Receivables Cross-Border? Update
2020-04-01
Read More from: Squire Patton Boggs
2020-04-01
No Easy Money Anymore
Gordian Group’s President and Head of Restructuring and Distressed M&A Peter Kaufman argues there is no more easy money for a lot of companies as the coronavirus hits the economy.
Read More from: Gordian Group
2020-04-01
Last week, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law, implementing broad relief for individuals and businesses affected by COVID-19. One of the sections of the CA
Read More from: Bankruptcy Law Insights
2020-04-01
Tribal leaders and federal officials this week will begin the task of implementing the economic relief programs of the Coronavirus Aid, Relief and Economic Security Act (or “Act”) passed by Congress on March 27, 2020. The U.S.
Read More from: Bankruptcy and Restructuring Blog
2020-04-01
Federal Housing Finance Agency Director Mark Calabria said a virus-induced financial crisis might give rise to more delinquencies and foreclosures than the 2007 subprime mortgage meltdown.
Read More from: BankThink
2020-04-01
In supporting the economic recovery from the coronavirus pandemic, lenders have a chance to restore public trust damaged in the last financial crisis.
Read More from: BankThink
2020-04-01
The firms say they can't handle crushing loan demand from small and medium-sized businesses.
Read More from: BankThink
2020-04-01
Lenders and government guarantors can use loan technology to bring immediate relief to business owners, former OCC official Jo Ann Barefoot says.
Read More from: BankThink
2020-04-01
SBA loans could pour billions into bank coffers; Fed bailed out government-backed market, others may suffer.
Read More from: BankThink
2020-03-31
After budget cuts and a strategic transition, the interagency body conceived by Dodd-Frank to identify systemic threats has largely been silent as the pandemic roils the economy.
Read More from: BankThink