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Banks cutting back on branch services — or closing stores outright — to slow spread of coronavirus; Trump administration to halt foreclosures as pandemic worsens; Wells Fargo hires TD's Ellen Patterson as general counsel; and more from this week's most-read stories.
March 20 -
JPMorgan Chase plans to make special payments to lower-paid employees and branch workers who don't have the ability to do their jobs from home.
March 20 -
The Fed must set up a "family financial facility" that sends billions to households and small businesses so banks don’t misdirect relief funds.
March 20 -
Institutions across the country are restricting entrance to their facilities to help curb the spread of COVID-19 but profitability issues could crop up if the pandemic drags on.
March 20 -
The Money Market Mutual Fund Liquidity Facility, established under the central bank’s emergency authority, echoes a version that was set up during the global financial crisis.
March 19 -
High-tech self-service channels can help credit unions effectively and efficiently meet members' needs during a time of social distancing.
March 18Advanced Fraud Solutions -
Customers are increasingly concerned about taking a financial hit from the COVID-19 crisis and want to know more about fee waivers, credit-line increases and other things banks could do for them.
March 17 -
There are several forbearance measures the agencies can take now to keep banks from failing in a downturn triggered by the coronavirus.
March 17 -
Automated and interactive teller machines aren’t germ-free in the best of times, and the pandemic has raised new concerns about the possibility of those devices infecting consumers and staff.
March 17 -
Many institutions said they would close branches, operate drive-throughs only, limit lobby visits to appointments or take other protective steps. Yet others want to stay open to promote public confidence in the banking system.
March 16