WASHINGTON—Approximately one-million homeowners have fallen through a safety net created by Congress early in the coronavirus pandemic to protect borrowers from losing their homes, according to a new analysis. The result: those homeowners are vulnerable to foreclosure and eviction.
WASHINGTON–American families fared better in July than April, but many still faced uncertainty regarding layoffs and prospects for returning to work, according to the Federal Reserve Board's seventh annual Survey of Household Economics and Decisionmaking.
WASHINGTON—It is not possible right now to accurately assess the effect of CECL on regulatory capital, according to a new report from Treasury.
NEW YORK—Malicious JavaScript skimming code was recently injected into nearly 2,000 e-commerce sites that were running an older version of Adobe's Magento software, possibly resulting in the theft of payment card data, according to Sanguine Security.
O’FALLEN, Mo.–Mastercard said it is pledging $500 million over the next five years to expand financial inclusion for Black individuals and businesses.
MADISON, Wis.— CUES said credit union board members will have the opportunity to learn from top-rated speakers and connect with their colleagues during Directors & Dialogue December, happening over the course of three afternoons in December.
CHICAGO—Stores aren’t the only ones scrambling to keep up with COVID-19 changes.
WASHINGTON—The Consumer Financial Protection Bureau has issued a consent order against ClearPath Lending, a California corporation licensed as a mortgage broker or lender in about 22 states.
CARDIFF, Wales–The Welsh government said it will provide as much as £1 million in funding to be invested in credit unions to ensure they can provide access to fair and affordable credit for people affected by the coronavirus pandemic.
WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) has issued two notices related to anti-money laundering (AML) programs: One is a final rule to remove an AML program exemption for certain banks that lack a federal function regulator, and the other is an advance notice of proposed rulemaking (ANPRM) to gather public feedback on potential improvements to AML programs.
