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The Treasury secretary said recent government moves will help the firms get through the risk of millions of borrowers missing their loan payments.
April 24 -
The Federal Housing Administration has provided struggling homeowners with payment flexibility and explored other measures. At the same time, the agency is mindful of protecting itself against downside risks.
April 23 -
The central bank and other agencies have come under pressure to be transparent about their use of funds authorized by the recent pandemic rescue law.
April 23 -
The bipartisan coalition of AGs said homeowners should be allowed to wait until the end of a loan term to make payments they skipped because of the coronavirus.
April 23 -
Bank trade groups from all 50 states have called on Congress not to lift restrictions on member business lending under the guise of aiding with coronavirus relief efforts.
April 23 -
The policy move will allow small institutions participating in the Paycheck Protection Program to pledge business loans as collateral to obtain advances.
April 23 -
Some say the agencies are exacting too high a price to buy loans from the cash-strapped lenders; some small banks hustled in dealing with the Paycheck Protection Program, others are accused of a hustle.
April 23 -
Financial institutions could testify before the bipartisan commission overseeing the unprecedented economic aid for industries hit by the COVID-19 pandemic. But without subpoena authority, the panel’s impact may be limited.
April 22 -
Banks had an opportunity to delay compliance with the new accounting standard, but many opted to move forward to get ahead of credit issues that could arise from the coronavirus outbreak.
April 22 -
The Federal Reserve’s Main Street Lending Program is meant to be a lifeline for midsize businesses, but two weeks after its unveiling, those firms and their lenders remain on edge about what strings will be attached.
April 22