Coronavirus Impact
Coronavirus Impact
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BankThink

Few lenders are finding creative ways to provide much-needed financial advice and emergency services online.

April 6
4 Min Read

Ginnie Mae and the FHA provided temporary liquidity relief for mortgage servicers bracing for higher delinquencies, but the industry continues to pressure Treasury and the Fed to provide more comprehensive support.

April 6
9 Min Read
“Our bank cannot be immune to the effects of this kind of stress," JPMorgan Chase CEO Jamie Dimon said in his annual letter to shareholders.

The only current CEO who steered a major U.S. bank through the financial crisis, Dimon said JPMorgan’s earnings will be “down meaningfully” this year as a result of the coronavirus pandemic.

April 6
3 Min Read
Wells Fargo

Wells Fargo said it can't fully meet demand from small businesses rushing to participate in a U.S. relief program because of constraints imposed by the Federal Reserve on the bank's growth.

April 6
2 Min Read
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Car loans make up about a third of credit unions' total lending portfolio, and any drop in that sector could resonate across the entire industry.

April 6
4 Min Read

The potential for fraud fueled by the coronavirus pandemic, coupled with the anticipation of a $2 trillion stimulus, is creating such a lucrative opportunity for scammers that Visa and the Secret Service are predicting a wave of unprecedented levels of fraud.

April 6
4 Min Read
Dennis Michel, senior vice president of customer service and engagement at Discover

Ally, Discover and USAA have made technological, managerial and policy changes to help their centers' employees cope with the rush of calls from customers hurt by the pandemic.

April 5
5 Min Read

Sen. Marco Rubio, R-Fla., said that $349 billion will likely not be enough meet loan demand from small businesses seeking a lifeline to help them weather the economic downturn brought on by the coronavirus outbreak.

April 5
4 Min Read
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