Coronavirus

Most PPP loans going to repeat customers

02/10/21

The majority of Paycheck Protection Program loans are being approved for borrowers in industries that have yet to regain their footing.

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How long should small-business, mortgage aid last?

02/10/21

House Financial Services Committee members were at odds over whether to have support for homeowners and the State Small Business Credit Initiative, both included the $1.9 trillion stimulus plan, expire when the pandemic ends or later.

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American Heritage Credit Union to serve as COVID testing site

02/10/21

The Philadelphia-based institution will host free coronavirus screenings for the public this month as part of a partnership with the Greater Bustleton Civic League.

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FHFA will allow borrowers to prolong forbearance plans

02/09/21

Homeowners still deferring payments on federally backed loans as of Feb. 28 will be permitted to request an additional three months of relief.

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Week ahead: CUNA disbands COVID recovery task force

02/08/21

The working group's final report is still forthcoming, but the trade association has already begun assembling a new team focused on the industry's digitization efforts in the wake of the pandemic.

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The cashless Super Bowl is coming three years early

02/05/21

Visa and partners fast-tracked the big game's digital overhaul as the pandemic caused a sharp spike in demand for contactless payments.

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Why so few banks are unloading problem loans

02/03/21

The paucity of distressed-loan sales indicates that most bankers are confident about the underlying health of their portfolios even as the pandemic lingers and loss reserves remain elevated.

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Banks remain wary about releasing reserves

02/02/21

Some big banks trimmed their stockpiles that guard against loan losses in the fourth quarter, but overall allowances fell less than many observers predicted. The trend will likely continue given uncertainties surrounding vaccine distribution and the economy.

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Cullen/Frost takes 'difficult step' of cutting jobs

02/02/21

Chairman and CEO Phillip Green said the decision to lay off 68 employees was "really the last thing" the San Antonio company wanted to do as it wrestles with low interest rates and challenges tied to the coronavirus pandemic.

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