Loans Modified Due to COVID-19 Generally Not Treated as TDRs, Agencies Clarify
Loan modifications for borrowers affected by the coronavirus pandemic will not generally be required to be treated as troubled debt...
Policy
ABA Emphasizes Promoting Loan Growth, Protecting Borrowers in Coronavirus Relief Bill
As negotiations continued on Capitol Hill this weekend over the latest coronavirus aid package, a group of financial services trade...
ABA, Financial Groups Ask SEC to Exercise Authority with CECL Delay
Amid the growing economic fallout from the coronavirus pandemic and public health response, ABA and several other financial trade groups...
Nichols Highlights Bank Response to Coronavirus in Letter to Rep. Waters
In a letter to House Financial Services Committee Chairwoman Maxine Waters (D-Calif.) today, American Bankers Association President and CEO Rob...
CFPB Final Rule on Debt Collection Expected This Year
After a proposal last year that generated 14,000 comments, the Consumer Financial Protection Bureau expects to issue a final rule...
McWilliams Calls on FASB to Offer CECL Postponement
In light of the sudden and significant economic changes wrought by the coronavirus pandemic and public health response, FDIC Chairman...
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.
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...
