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29 Apr 2020, 1:05 pm
Therefore, of this $310 billion, the SBA will direct $60 billion to smaller lenders, credit unions, and community banks: $30 billion to lenders with assets valued at less than $10 billion, and $30 billion for lenders with assets between $10 and $50 billion. [read post]
24 Apr 2020, 12:35 pm
Here are the main components of CARES 2.0: $310 billion to replenish the PPP After the SBA was criticized for favoring larger lenders and financially robust business borrowers, $60 billion of the $310 billion must be allocated to federally insured banks and credit unions. [read post]
20 Apr 2020, 9:05 pm
To their credit, human rights activists are striving to organize. [read post]
16 Apr 2020, 12:01 pm
Her heir presumptive, Defense Minister Annegret Kramp-Karrenbauer, resigned suddenly as leader of Merkel’s Christian Democratic Union (CDU) in February. [read post]
16 Apr 2020, 7:56 am
If successful, this could be the catalyst for a national digital identity system. [read post]
8 Apr 2020, 10:52 am
On March 22, the Board of Governors of the FRB, FDIC, the National Credit Union Administration, OCC, CFPB and the State Banking Regulators issued an interagency statement encouraging financial institution cooperation with borrowers during the COVID-19 pandemic. [read post]
6 Apr 2020, 10:37 am
On April 3, 2020 Consumer Financial Protection Bureau (Bureau), Board of Governors of the Federal Reserve System (Federal Reserve), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), the Office of the Comptroller of the Currency (OCC), and the State Banking Regulators (collectively, “the agencies”) issued a policy statement detailing how they will conduct supervisory and enforcement practices in response… [read post]
4 Apr 2020, 9:01 am
The loans, which will be administered at the local level by a national network of banks and credit unions, are designed to maintain the viability of millions of small businesses struggling to meet payroll and day-to-day operating expenses. [read post]
2 Apr 2020, 6:19 am
The stakeholders joining the petition are financial services associations including the American Bankers Association (ABA), American Financial Services Association (AFSA), Consumer Bankers Association (CBA), Credit Union National Association (CUNA), Independent Community Bankers of America (ICBA), Mortgage Bankers Association (MBA), and National Association of Federally-Insured Credit Unions (NAFCU). [read post]
31 Mar 2020, 9:55 am
Enlarge (credit: Aurich Lawson / Getty) If proof were needed that the Trump administration never met an environmental regulation it didn't want to eviscerate, on Tuesday morning the Environmental Protection Agency and the National Highway Traffic Safety Administration published final fuel efficiency rules for new passenger cars and light trucks for model years 2021 through 2026. [read post]
30 Mar 2020, 2:14 pm
This section further extends to the National Credit Union Administration (NCUA) the authority to increase to unlimited the share insurance coverage it provides on any noninterest-bearing transaction accounts to federally insured credit unions. [read post]
27 Mar 2020, 1:47 pm
Small Business Administration (the “SBA”) to make loans to certain small business under the Paycheck Protection Program. [read post]
26 Mar 2020, 12:54 pm
Federal banking agencies and the National Credit Union Administration must defer to a financial institution to make a suspension. [read post]
24 Mar 2020, 9:26 am
Drawings can be rolled while the CCFF is open, subject to eligibility; 2.3.1.2.where available, a minimum short-term credit rating of A-3 / P-3 / F-3 from at least one of Standard & Poor’s, Moody’s and Fitch as at 1 March 2020. [read post]
24 Mar 2020, 4:15 am
A Senate Republican aide says that Democrats are pushing to insert new collective bargaining powers for unions, increased fuel emissions standards for airlines, and expansion of wind and solar tax credits into the emergency bill. [read post]
23 Mar 2020, 8:52 pm
On March 9, the Federal Reserve Board, FDIC, OCC, Consumer Financial Protection Bureau (CFPB), National Credit Union Administration (NCUA) and Conference of State Bank Supervisors (CSBS) issued a joint statement encouraging financial institutions to work constructively with borrowers and other customers in communities affected by the coronavirus. [read post]
The Coronavirus in the International Workplace – How do Multinational Employers React Appropriately?
18 Mar 2020, 12:55 pm
This updated overview provides multinational employers practical advice to develop their coronavirus response strategy on an international level and to ensure a safe working environment for their employees under local employment and labor laws of UK, France, Germany, Italy, and Japan. [read post]
18 Mar 2020, 10:54 am
The great fights among the nations locked within post imperial borders in Africa. [read post]
17 Mar 2020, 11:30 am
The administration also supports a request for $50 billion in economic relief for the airline industry. [read post]
17 Mar 2020, 11:01 am
The organizations joining in the joint comment letter are the California Mortgage Bankers Association, Credit Union National Association, Housing Policy Council, Leading Builders of America, Mortgage Bankers Association, Mortgage Bankers Association of Florida, Mortgage Bankers Association of Missouri, National Association of Federally-Insured Credit Unions, National Association of REALTORS®, Real Estate Services Providers Council,… [read post]
