Commentary on new developments that seem particularly significant, as well as resources that we believe can be helpful to others who are tasked with anticipating, understanding and addressing these developments.
Articles: 1-10 of 106
Reactions to CFPB's COVID-19 Response and Canada's Alternative Response
Canada, USA - April 28 2020 The U.S. government - through the CARES Act and the actions of myriad federal agencies including the Federal Reserve, FDIC, and CFPB - has acted to…
AI Meets the Paycheck Protection Program: FinCEN FAQs Underscore How the Regulatory Response to the Pandemic Is Accelerating the Adoption of FinTech
USA - April 17 2020 The COVID-19 pandemic provides a stark reminder about the importance of responding to rapid changes in a timely and expeditious manner. In the span…
Best Practices for Merchants Managing COVID-19-Related Cardholder Disputes
USA - April 14 2020 Lightning never strikes twice, as the saying goes. But as many merchants are finding out these days, misfortune, in fact, strikes in threes. Not only…
Federal Reserve Board of Governors Announces $600 Billion Main Street Lending Program
USA - April 9 2020 On April 9, 2020, the Federal Reserve Board of Governors announced several extraordinary measures to support the national economy during COVID-19…
Agencies Promise Flexibility, but the Rules Still Apply: Key Takeaways from Joint Agency and CFPB Guidance Regarding Mortgage Servicing Rules and COVID-19-Related Relief
USA - April 7 2020 Even before the CARES Act was signed into law on March 27, 2020, mortgage servicers have been inundated with requests for COVID-19-related relief…
The SBA COVID-19 Response: Lenders Needed
USA - April 3 2020 The Small Business Administration (SBA) issued an Interim Final Rule (IFR) earlier today implementing the Paycheck Protection Program…
Balancing Credit Reporting and Compassion In Light of COVID-19
USA - April 1 2020 Following the passage of the CARES Act, the CFPB issued a Policy Statement that is intended to afford furnishers "flexibility" in…
Mortgage Servicers Must Provide Substantial Forbearance Relief to COVID-19 Affected Borrowers of Federally Backed Loans
USA - March 26 2020 With the federal Government’s $2 trillion emergency relief bill passed by the Senate and expected to be speedily approved by the House and signed by…
Governor Cuomo Orders COVID-19 Credit Relief
USA - March 24 2020 For the past few weeks, federal administrative, legislative, and regulatory bodies have been pushing financial institutions to offer far-reaching…
Federal and State Agencies to Mortgage Servicers: Slow Down, Be Flexible, and Be Compassionate With Borrowers Affected by COVID-19
USA - March 19 2020 As the COVID-19 pandemic unfolds, new emergency measures and policies to deal with the economic repercussions are being proposed, announced and…
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