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Five Democrats on the Senate Banking Committee sent a letter to Director Kathy Kraninger calling the agency's response to COVID-19 “tepid and ineffectual at best.”
April 7
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Curve has launched a new metal card without personal account numbers, which it hopes will better manage the balance between fraud risk and ease of use.
April 7 -
The share of borrowers seeking payment relief rose more than tenfold as COVID-19 concerns grew and authorities encouraged the practice, according to the Mortgage Bankers Association.
April 7
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Soaring demand for loans from firms hard hit by the coronavirus pandemic has led to predictions that the program could soon run out of funds.
April 7
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The coronavirus pandemic has halted nearly all spending on travel, leading Airbnb to the private equity market to shore up operations and mitigate a slump in rental revenue.
April 7 -
The regulator must speed up its capital reform efforts while taking immediate steps to reduce the examination burden.
April 7
National Association of Federally-Insured Credit Unions -
The acquisition would give SoFi control of a technology platform that is currently used by some of its competitors in digital banking.
April 7
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The government should encourage community lenders to offer six-month loan repayment forbearances to struggling businesses before it’s too late.
April 7
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After considering requests from competition agencies in six nations, the European Commission says Mastercard's acquisition of a majority of Denmark payments provider Nets last summer may violate antitrust rules.
April 7 -
TrueAccord has expanded a platform, originally designed for banks, to assist borrowers hurt by the coronavirus pandemic.
April 7
