Coronavirus Impact
Coronavirus Impact
LaFayette 148 firm at Brooklyn Navy Yard

Funneling fees from emergency loans to feed the hungry. Supporting psychological counseling for health care heroes and financial advice for the poor. Backing retrofits of customer operations to produce protective gear for front-line medical personnel. Bankers and financial educators have tossed out the traditional playbook to help clients and communities in crisis.

April 30
1 Min Read

Visa pulled its financial outlook for the rest of the year, but it already has visibility into permanent changes that result from the coronavirus — such as an aversion to handling cash.

April 30
3 Min Read
Wells Fargo & Co. Bank Locations Ahead Of Earnings Figures

Wells Fargo will temporarily stop accepting applications for home equity lines of credit, following a similar move by rival JPMorgan Chase.

April 30
1 Min Read

In round two of the Paycheck Protection Program, the bank has sent some 256,000 loan applications to the Small Business Administration for processing.

April 30
1 Min Read

Consumer groups are poised to take the bureau to court over its gutting of underwriting requirements, while House Democratic leaders could attempt a repeal through the Congressional Review Act.

April 30
8 Min Read
NMN043020-CaseShiller.png

The S&P CoreLogic Case-Shiller home price index hasn't yet reflected the impact of the coronavirus, but an independent market maker has some thoughts on how it might.

April 30
1 Min Read
NCUA Chairman Rodney Hood

Rodney Hood, chairman of the National Credit Union Administration, told the Financial Accounting Standards Board that complying with the Current Expected Credit Losses standard could adversely impact the industry's net worth.

April 30
1 Min Read
OnDeck's "top focus is liquidity and capital preservation,” said CEO Noah Breslow.

The online lender reported a hefty first-quarter loss on Thursday and said that a whopping 45% of its small-business loans are past due.

April 30
2 Min Read
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