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Lawmakers and regulators opted to delay compliance for banks that have implemented the credit loss standard, sparing them near-term capital hits.March 27
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What banks need to know about the coronavirus stimulus package; tech vendor Finastra hit with ransomware attack; bank CIOs confront challenge of so many employees working at home; and more from this week's most-read stories.March 27
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Many argue the economic turmoil from the pandemic makes the Comprehensive Capital Analysis and Review irrelevant this year, while others say testing banks’ capital strength is crucial now more than ever.March 27
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Founder Brett King will now focus on the enterprise software side of the business, which provides mobile banking software to traditional banks.March 27
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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
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Regulators are allowing banks that implemented the loan-loss standard to forestall any capital hits until 2022.March 27
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Online lenders can help the agency distribute loans faster as it gets set to deploy emergency funding to small businesses.March 27
Head of global policyKabbage Inc.
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Citigroup CEO says it’s a “fine line” between supporting customers and burdening them with debt; Goldman gives away 600,000 N95 masks it had from prior scares.March 27
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