Coronavirus stimulus package: What do banks need to know?

The $2 trillion deal passed by the Senate late Wednesday would aim to put banks and consumers alike on stronger financial footing as they weather the coronavirus pandemic.

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Bank tech vendor Finastra hit with ransomware attack

The attack knocked out core and mobile banking systems at several U.S. banks, and Finastra is working to get them up and running.

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Big banks offer relief to California homeowners affected by COVID-19

JPMorgan Chase, Wells Fargo, Citigroup and U.S. Bancorp, along with 200 state-chartered banks and credit unions, have agreed to let borrowers skip payments for 90 days if their finances have been upended by the pandemic.

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Banks supplement benefits to help employees affected by coronavirus

From paying $1,000 bonuses to branch employees to subsidizing child care expenses, banks are offering a slew of new perks for front-line employees still working and more paid leave for those who are ill or caring for sick family members.

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April wave of missed payments could upend mortgage servicers

With economists fearing high unemployment stemming from the pandemic, the housing finance system is grappling with how it will recoup lost revenue from delinquencies, forbearance plans and other tremors.

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Will coronavirus lead to a wave of bank failures?

An uptick in closings is likely, but how many institutions go under and how fast will depend on a variety of factors, including the duration of the pandemic.

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Banks get break they needed on loan workouts

Regulators' decision to delay reporting for troubled-debt restructurings should allow banks and credit unions to be more nimble modifying loans impaired by the coronavirus outbreak.

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Bank CIOs confront challenge of so many employees working at home

As companies move work off-site because of the pandemic, a host of issues have arisen around remote access, network monitoring and cybersecurity.

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Emergency coronavirus program gives fintechs a shot at SBA lending

No online lenders are approved for the agency's traditional programs, but they could make loans under the COVID-19 stimulus package if they get special approval.

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Dems' bid to pause negative credit reporting gets pushback from industry

Congressional Democrats want forceful action to prevent damage to millions of Americans' credit scores during the COVID-19 pandemic. But the credit bureaus argue that the tools needed to protect consumers are already in place.

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