Coronavirus

JPMorgan says most consumer staff to work from home until 2021

09/28/20

JPMorgan Chase told thousands of office workers across its consumer unit they can plan to continue working remotely until next year, breaking with the firm’s Wall Street operations.

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The pandemic isn't over. Some credit union events are back anyway.

09/28/20

While most industry conferences have gone online, a handful of groups are moving ahead with on-site meetings with an understanding that COVID is likely to reduce attendance.

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Why credit union shared branching matters more than ever

09/24/20

A nationwide branch network remains a calling card for the entire industry, while also exemplifying the movement's cooperative spirit.

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Powell, Mnuchin urge more congressional action to deliver pandemic aid

09/24/20

Capping a series of appearances on Capitol Hill this week, the Federal Reserve chair and Treasury secretary emphasized that they don’t have the authority to reallocate CARES Act funds to assist small businesses on their own.

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How a New York bank merger came together during the pandemic

09/24/20

A deal between Dime Community and Bridge Bancorp was delayed, and nearly derailed, by the coronavirus outbreak. Here’s how the two sides kept it on track.

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Armored trucks stand ready for cash-carrying consumers to return

09/24/20

Brink's has seen a 20% increase since January in the amount of cash processed in its own systems, signaling that as users return to stores they’re choosing to pay with cash.

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OCC reports surge in 'seriously delinquent' mortgages

09/23/20

The agency reported signs of stress on the credit quality in residential loans serviced by seven large banks as a result of the COVID-19 pandemic.

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CRE concerns intensify as stimulus programs expire

09/23/20

Commercial real estate loans are vulnerable as financial assistance for tenants winds down and might not be fully renewed. Late rent payments could rise, leading lenders to press landlords to pay up.

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Lawmakers urge Fed, Treasury to let CRE borrowers tap Main Street loans

09/22/20

Commercial real estate companies are among those left out of the Federal Reserve’s middle-market relief program, but House members said they need government-backed financing to navigate the pandemic as much as anyone.

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New PPP angst: Waiting for SBA to sign off on loan forgiveness

09/22/20

It's been six weeks since the Paycheck Protection Program expired and banks started filing forgiveness applications on behalf of borrowers. So why isn't the Small Business Administration responding?

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