CARES Act

Bankers urge extension of CARES Act reg relief

09/18/20

Measures designed to give banks and credit unions more flexibility to help customers weather the coronavirus pandemic are set to expire Dec. 31 unless Congress renews them.

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Fed, Treasury clarify underwriting rules for Main Street loans

09/18/20

The Federal Reserve and the Treasury Department released a set of FAQ's aimed to clearing up misconceptions about the Main Street Lending program and encouraging more bank participation.

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Fed weighs changes to Main Street program to allay banks' concerns

09/16/20

With only a fraction of the funds allocated being used, Federal Reserve Chair Jerome Powell said the central bank is considering tweaks to the middle-market rescue program in an appeal to lenders wary of taking on added risk.

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Changes to NCUA's liquidity tool should sunset at year-end

09/11/20

For all the damage from the pandemic and economic downturn, this crisis has not impacted liquidity. Lawmakers would be foolish to permanently alter the Central Liquidity Facility.

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As Fed helps businesses, Democrats ask: What about consumers?

09/09/20

The Senate Banking Committee met Wednesday to review central bank lending facilities such as the Main Street Lending Program, which provides bank-issued loans to middle-market firms. But some lawmakers on the panel said the focus of pandemic relief has been misplaced.

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Larger credit unions dominated PPP lending

08/27/20

New analysis from S&P shows only two of the top 20 credit unions that made Paycheck Protection Program loans have assets under $1 billion.

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Sharp divide between large and small credit unions in PPP lending

08/27/20

New analysis from S&P found that only two of the of the top 20 credit unions that participated in the Paycheck Protection Program loans had assets of less than $1 billion.

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Agencies extend freeze on foreclosures and evictions to end of year

08/27/20

Both the Federal Housing Finance Agency and Federal Housing Administration are extending relief for homeowners and renters due to the pandemic crisis.

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Regulators finalize rule changes to help banks weather pandemic

08/26/20

The agencies completed steps to ease a community bank capital measure temporarily and to delay a new credit-loss accounting standard.

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Small banks are dominating the Fed's Main Street Lending Program

08/19/20

With big banks largely shunning the program, small banks see an opening to grab more market share in commercial lending.

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