Government shutdown

The fintech SpringFour has partnered with financial institutions to connect individuals to community resources in a record-long U.S. government shutdown.

As the political dispute drags on, there are implications beyond government disbursements, potentially harming corporate cash positions and the larger economy, according to payment experts from Billtrust and research firms.

Bank of America has a playbook for government shutdowns, which includes providing fee and payment waivers as well as loan deferrals and forbearance programs, CEO Brian Moynihan said at the American Bankers Association's annual convention.

As the government shutdown stalls key housing programs, lenders are shifting tactics to keep loans moving and preparing for bigger challenges ahead.

Department officials pushed back on criticism that a banner on its homepage violated a statute meant to curb partisanship in government operations.

The shutdown started with a flight into treasury bonds, putting downward pressure on financing costs, but several other developments slowed mortgage activity.

The stopgap funding bill paves the way for Republican lawmakers to pivot to signature border and tax bills they seek to pass in the coming months.

Frequent federal budget impasses increase insurance concerns and threaten to jack up financing costs that are already straining lenders.

The National Credit Union Administration will meet this week to discuss its proposed budget while the Senate and House work to avoid a government shutdown.

The House Financial Services Committee passed a bill that would exclude adverse credit information for consumers impacted by a government shutdown.

Lending at credit unions in the Peach State increased by just 0.2%, down from 0.8% growth recorded a quarter earlier.

Events like the recent government shutdown present opportunities for banks to help customers when they need it most.

Events like the recent government shutdown present opportunities for banks to help customers when they need it most.

While payments firms must navigate political and regulatory waters, consumers and merchants are best served by a competitive free market free of politics, with minimalist regulators playing the role of the night watchman, writes Eric Grover, a principal at Intrepid Ventures.

Readers weigh the BB&T-SunTrust deal, consider how a new accounting standard could affect Fannie Mae and Freddie Mac, debate the impact of the government shutdown on credit histories and more.

The agency's update is good news for banks digesting data suggesting that nonbanks cut into their share of small-business loans during the partial government shutdown.

As another possible shutdown looms, concerns about furloughed workers’ credit histories have shifted the reform discussion away from data security.

A potential government shutdoown looms over a busy week in Washington that includes the National Credit Union Administration's monthly board meeting.

If the government insists on forcing another shutdown, business owners are intent on letting Congress know how much the last one hurt.

Lenders are glad the agency worked swiftly through a backlog of paperwork, but they're worried funds will get cut off if the government closes again.