Coronavirus Impact
Coronavirus Impact
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Plans to update agency branding and other materials are on hold as the credit union regulator focuses on its response to the coronavirus.

April 24
1 Min Read

The company reported a loss of $1.3 billion in the first quarter after setting aside more than $5.4 billion for potential loan losses.

April 24
1 Min Read
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The industry has always been somewhat reluctant to participate in Small Business Administration lending, but that could change if the agency manages the Paycheck Protection Program well going forward.

April 24
6 Min Read

The payments landscape for U.K. farmers has long been fraught with inefficiencies at the best of times, particularly when it comes to the government’s processing of financial support payments. Now, with coronavirus wreaking havoc with administrative departments, farmers across the land are bearing the brunt of the crisis.

April 24
4 Min Read
“We want to make sure that our cash [inflows] exceed our cash outflows, so again, we’re looking at a lot of different things, and premiums being one of them, but there are other things that we’re considering as well," FHA Commissioner Brian Montgomery said.

The Federal Housing Administration has provided struggling homeowners with payment flexibility and explored other measures. At the same time, the agency is mindful of protecting itself against downside risks.

April 23
6 Min Read
Lawmakers enter the House chamber wearing protective masks.

The House overwhelmingly passed and sent to President Donald Trump a $484 billion coronavirus aid package, even as members are already at odds over the next phase of rescue legislation.

April 23
5 Min Read

The energy business alone faces immense challenges and the overall economy may not bounce back until 2022, Stephen Steinour says.

April 23
3 Min Read

The central bank and other agencies have come under pressure to be transparent about their use of funds authorized by the recent pandemic rescue law.

April 23
1 Min Read
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