Retail Sales Fall Further in April
There was $403.9 billion in retail and food service sales in April, down 16.4% from March and 21.6% from the...
Newsbytes
Industrial Production Sees Record Decline in April
Industrial production decreased 11.2% in April, the largest monthly decline in the history of the index, as the COVID-19 pandemic...
ABA Data Bank: Plans to Safeguard Bank Employees
The majority of respondents will provide hand sanitizer, cleaning materials for workspaces, masks, and gloves for their frontline employees.
Fed Survey: Amid Pandemic, Americans Remain Able to Cover Emergency Expenses
One in five adults employed in February had been furloughed or laid off by April, according to the Federal Reserve’s...
SBA: Lender Review May Be Required for Certain PPP Loans
The Small Business Administration today notified Paycheck Protection Program lenders that certain loans in their PPP portfolios may require review.
BAFT, ITFA to Develop Fallback Language for Master Participation Agreements
As financial institutions around the globe continue preparing to transition financial contracts away from the London Interbank Offered Rate, which...
FHFA Extends Foreclosure, Eviction Moratoriums for GSE-Backed Mortgages
The Federal Housing Finance Agency announced today that it would extend—until at least June 30—a moratorium on foreclosures and evictions...
FinCEN: Fraud Schemes Pegged to Remote Environments, Pandemic News
Financial Crimes Enforcement Network Director Kenneth Blanco today outlined several coronavirus-related trends FinCEN is seeing in cyber crime.
GSEs to Offer New Payment Deferral Option for Mortgage Borrowers
The Federal Housing Finance Agency announced today that Fannie Mae and Freddie Mac are offering a new COVID-19 payment deferral...
CFPB to Offer Flexibility for Creditors Working to Resolve Billing Errors During Pandemic
The Consumer Financial Protection Bureau today said it would provide flexibility for creditors to resolve billing errors during the coronavirus...
