Coronavirus Impact
Coronavirus Impact
General Motors has drawn down a record $16 billion from its revolving credit lines in the last three weeks.

Some corporations are willing to oblige, turning instead to new, pricier term loans or revolving credit lines rather than tapping existing ones, industry officials say.

March 30
4 Min Read
out-of-business
BankThink

Commercial real estate is facing another crisis as companies shift to work-from-home policies. Banks and regulators should brace themselves.

March 30
2 Min Read

The pandemic has the industry rethinking its hiring practices, such as how to onboard employees while limiting in-person interactions, and deciding which roles need to be filled immediately.

March 30
5 Min Read

Card fraud risks — already soaring prior to the coronavirus outbreak — are changing rapidly as the pandemic deepens, forcing issuers and merchants to rethink protective measures.

March 30
4 Min Read
BankThink

Address verification, geolocation and 3-D secure can all play a role, according to Chargebacks 911 and Global Risk Technologies' Monica Eaton-Cardone.

March 30
2 Min Read

Homeowners reeling from coronavirus-induced economic shock are already enduring extremely long wait times while trying to get relief. Legislation passed last week could worsen the logjams.

March 29
5 Min Read
"We want to demonstrate that we do care for the American people in every way," House Speaker Nancy Pelosi said of the passage of the Coronavirus Aid, Relief, and Economic Security, or CARES.

The $2 trillion stimulus package, which the House passed earlier in the day, aims to expand Federal Reserve liquidity resources and provide financial institutions with some regulatory relief.

March 27
2 Min Read

Lawmakers and regulators opted to delay compliance for banks that have implemented the credit loss standard, sparing them near-term capital hits.

March 27
4 Min Read
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