FDIC Issues Coronavirus-Related FAQs for Banks, Consumers
The FDIC today issued two sets of frequently asked questions addressing banker and consumer concerns related to the coronavirus pandemic.
Newsbytes
Agencies to Give CRA Consideration for Activities Related to Coronavirus
The federal banking agencies announced today that they will give favorable Community Reinvestment Act consideration to banks for retail banking,...
Fed Establishes Temporary U.S. Dollar Liquidity Arrangements with Nine Central Banks
To help ease the strain on U.S. dollar funding markets and facilitate the supply of credit to households and businesses,...
Fed Creates Liquidity Facility for Money Market Funds
As part of its policy response to the market turmoil triggered by the coronavirus pandemic, the Federal Reserve overnight announced...
FDIC Greenlights ILC Charters for Square, Nelnet
The FDIC today approved the deposit insurance application submitted by San Francisco-based Square, Inc., a payment services provider, to create...
Treasury Issues Guidance to Extend Tax Payment Deadline for 90 Days
As previewed by Treasury Secretary Steven Mnuchin yesterday, the IRS today issued a notice confirming that taxpayers may defer their...
ABA Supports Bill to Help Community Banks Support Customers Amid Pandemic
The American Bankers Association today expressed support for legislation designed to facilitate community banks’ supporting their customers and ensuring daily...
GSEs, HUD to Suspend Foreclosures Amid Coronavirus Pandemic
To help provide relief to homeowners who may be facing financial hardships as a result of the coronavirus pandemic, the...
ABA Launches Page Listing Banks’ Actions in Response to Pandemic
As the coronavirus pandemic continues to spread in the United States, with effects both on individuals’ health and the U.S....
FDIC Proposes New Requirements for ILCs Seeking Deposit Insurance
The FDIC today issued a proposed rule to require certain conditions and commitments for each deposit insurance application approval by...
