Coronavirus Impact
Coronavirus Impact
Earlier Tuesday, the Fed said it would establish the Commercial Paper Funding Facility to "support the flow of credit to households and businesses."

The establishment of the Primary Dealer Credit Facility is among a flurry of recent actions by the central bank to limit the economic impact of the coronavirus.

March 17
1 Min Read
J.D. Power survey of customer questions about coronavirus

Customers are increasingly concerned about taking a financial hit from the COVID-19 crisis and want to know more about fee waivers, credit-line increases and other things banks could do for them.

March 17
2 Min Read
Fed Chairman Jerome Powell has suggested that the central bank could issue more forward guidance and direct more asset purchases. But Powell has also urged the White House and Congress to take actions on their own.

The Federal Reserve's support for the commercial paper market made clear that it was willing to go beyond cutting interest rates, but the central bank may feel pressure to do even more as the crisis worsens.

March 17
6 Min Read
The capital buffers “were designed to provide banking organizations with the means to support the economy in adverse situations," the OCC, Fed and FDIC said in a joint statement.

Regulators issued a rule that gives banks the OK to dip into capital to help households and businesses cope with the economic impact of the coronavirus.

March 17
2 Min Read
The letter from Senate Banking Committee members Elizabeth Warren, D-Mass., and Sherrod Brown, D-Ohio, noted that auto loan debt is the second largest category of non-housing debt behind student loans.

Sens. Sherrod Brown and Elizabeth Warren criticized Director Kathy Kraninger for not issuing any public enforcement actions against auto lenders during her tenure.

March 17
1 Min Read
The Fed's latest action came amid calls from several market observers for the central bank to do more to prop up markets in the face of the virus scare.

The central bank said it was establishing the Commercial Paper Funding Facility to "support the flow of credit to households and businesses."

March 17
2 Min Read
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BankThink

There are several forbearance measures the agencies can take now to keep banks from failing in a downturn triggered by the coronavirus.

March 17
4 Min Read

Automated and interactive teller machines aren’t germ-free in the best of times, and the pandemic has raised new concerns about the possibility of those devices infecting consumers and staff.

March 17
4 Min Read
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