The Department of Labor has issued a “temporary rule” to implement the paid leave provisions in the Families First Coronavirus Response Act, which was signed into law on March 18 and which took effect today.
The Federal Reserve announced today that it will temporarily exclude U.S. Treasury securities and deposits at Federal Reserve Banks from the calculation of the supplementary leverage ratio for holding companies, effective March 31.
The Consumer Financial Protection Bureau today issued a policy statement regarding financial institutions’ reporting obligations under the Fair Credit Reporting Act during the coronavirus pandemic.
Live Oak Bank CTO Brian Lora talks about how the bank’s cloud-based infrastructure helps it stay resilient and rapidly go remote when hurricanes, or a global pandemic, strikes.
The U.S. banking system is strong, well-capitalized and working diligently to help individuals and businesses work through the challenges they are facing as a result of the coronavirus pandemic, ABA President and CEO Rob Nichols said today In an interview with Cheddar TV.
The Federal Housing Finance Agency today took action to grant additional flexibility to Fannie Mae and Freddie Mac to help expedite loan processing during the pandemic.
The Treasury Department today issued much-anticipated guidance for the Paycheck Protection Program, which starting this week will provide up to $350 billion in fully forgivable loans to help small businesses maintain payrolls during the coronavirus pandemic.
To help ease strains in the global U.S. dollar funding market, the Federal Reserve today established a temporary repurchase agreement facility for foreign and international monetary authorities.
For bank marketers in the COVID-19 crisis, the objective is clear: Keep your eyes on the prize.
As banks seek to contact customers with COVID-19-related information, the American Bankers Association and six other financial trade groups filed a petition requesting that the Federal Communications Commission issue an expedited declaratory ruling or waiver confirming that financial institutions’ COVID-19-related calls are exempt from the Telephone Consumer Protection Act’s requirements.