Regulators lower CBLR, offer relief to mortgage servicers
Federal banking agencies temporarily lowered the community bank leverage ratio to 8 percent to provide relief to community banks. [Continue]
Federal banking agencies temporarily lowered the community bank leverage ratio to 8 percent to provide relief to community banks. [Continue]
The SBA and Treasury Department worked with bankers through the weekend to answer questions as lenders provide essential credit to small business customers. [Continue]
The First State Bank, based in Barboursville, W.Va., was closed by state regulators April 3. MVB Bank, Inc., of Fairmont, W.Va., is assuming its deposits. [Continue]
The Small Business Administration modified guidelines for its Paycheck Protection Program in order to encourage community banks to participate in the program. [Continue]
More than 6.65 million people filed new unemployment claims in the week ending March 28. This doubled the record set the previous week of 3.3 million claims. [Continue]
The Small Business Administration and the Treasury Department are mobilizing banks to get $349 billion in capital to small businesses as part of the national stimulus program. [Continue]
Federal agencies are extending grace periods for submitting documents and encouraged small-dollar lending as economic conditions remain uncertain. [Continue]
The White House and the senate reached an agreement on a coronavirus stimulus package on March 25, which aims to keep the nation from falling into a recession due to the COVID-19 crisis. [Continue]
The FDIC Chairman Jelena McWilliams sent a letter March 19 to the Financial Accounting Standards Board urging a delay in the implementation of CECL given the economic environment caused by the COVID-19 pandemic. [Continue]
Federal regulators approved an industrial loan company application from Square, Inc., despite opposition from an FDIC board member and the ICBA. [Continue]