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The reprieve from mortgage data collection was among several changes to the agency’s supervisory and enforcement procedures to help firms responding to the COVID-19 pandemic.March 26
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If the new accounting standard poses too many risks during an economic crisis, then it's probably not a good idea at all.March 24
Consultant
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The central bank's sweeping actions suggest a cash shortage gripping sectors directly hit by the pandemic. Banks were supposed to be protected by Dodd-Frank but are still vulnerable to a funding domino effect.March 23
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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
Managing PartnerFederal Financial Analytics
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Refinancing activity is surging, existing borrowers are inquiring about loan modifications, loan closings are being delayed by more complex credit checks — and banks are short on people to handle it all.March 19
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The agencies said banks could receive Community Reinvestment Act credit for activities addressing the virus fallout, and clarified earlier guidance encouraging banks to dip into their capital buffers.March 19
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Groups often will oppose mergers on Community Reinvestment Act grounds. But the proposal would tighten standards for when the agency includes “adverse comments” in the process.March 19
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Utah bank is expected to launch next year; banks want to hold off regulations that would hamper efforts to keep money flowing during virus crisis.March 19
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There are several forbearance measures the agencies can take now to keep banks from failing in a downturn triggered by the coronavirus.March 17
Consultant
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If banks are unable to weather the economic fallout from the outbreak, calls for more dramatic reforms could get louder.March 13
Chief Content OfficerPromontory Interfinancial Network
