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WASHINGTON–In response to the growing threat from the coronavirus, three federal banking agencies have announced steps they said are designed to provide banks with additional flexibility to support households and businesses.

WASHINGTON—While CUNA said it supports the goal of increasing access to energy efficient housing modifications, the absence of conventional Property Assessed Clean Energy (PACE) loan consumer protections and adequate safeguards have left homeowners vulnerable and could lead to unexpected or unintended effects on the housing market, CUNA wrote to the Federal Housing Finance Administration.

SACRAMENTO, Calif.—California Gov. Gavin Newsom has issued an executive order to help prevent evictions during the coronavirus outbreak. As CUToday.info reported earlier, New Jersey is also fast-tracking similar legislation.

WESTBROOK, Maine–The coronavirus threat has brought the Maine Credit Union League and the Maine Bankers Association together in a message aimed at reassuring  Maine consumers about the safety, security, and reliability of the state’s financial services industry.

NEW YORK–The biggest banks in the U.S. have put their share buybacks on hold and pledged to put their capital to use helping consumers and businesses struggling with the rapid economic slowdown caused by the outbreak of coronavirus.

NEW YORK–Morgan Stanley has issued a warning that the coronavirus pandemic is going to hit the economy hard.

LATHRUP VILLAGE, Mich.–Credit unions across the U.S. are stepping in to help members being affected by the coronavirus outbreak with special loan offers, lowered fees, financial counseling and more. At the same time, numerous CUs have also announced branch closures or limited hours as they attempt to balance the needs of employees with members.

WASHINGTON–While the coronavirus has shut down numerous public gatherings, travel and other day-to-day essentials, four states are moving forward today with their primaries.