Advanced search

WASHINGTON—The Treasury Department and Small Business Administration have released information for the $349 billion paycheck protection program included in the Phase 3 coronavirus relief package, also known as the CARES Act.

TAMPA, Fla.—It going to require “talent and tools” to comply with the wide range of new consumer privacy laws appearing both nationally and in states across the country, according to Trellance.

The $2-trillion stimulus measure approved by Congress and signed by President Trump on March 27 aims to relieve the severe economic agony brought on by the COVID-19 pandemic.

ST. PAUL, Minn.–April of 2020 may prove to be the most critical Financial Literacy Month in history, as millions of Americans struggle with bills and lost paychecks resulting from the coronavirus pandemic.

WASHINGTON —When will Americans start receiving checks of approximately $1,200 (or more depending on the number of children) from the government? The Treasury Department and the Internal Revenue Service said distribution of the so-called “economic impact payments” included in the recently enacted CARES Act will begin in the next three weeks and will be distributed automatically, with no action required for most people.

WASHINGTON — The Consumer Financial Protection Bureau has released a policy statement outlining the responsibility of credit reporting companies and furnishers during the COVID-19 pandemic.

NEW YORK–In a new report Moody’s is raising concerns around an emerging challenge facing residential mortgage services, including credit unions, over the “extraordinary increase in servicer advances likely to materialize because of the establishment of borrower forbearance arrangements” being mandated by a number of government entities.

WASHINGTON—As Congress and the Federal Housing Finance Agency (FHFA) continue to work through mortgage forbearance options during the coronavirus pandemic, NAFCU President and CEO Dan Berger has raised concerns with FHFA Director Dr. Mark Calabria over the consequences of these forbearances on credit unions and the mortgage industry as a whole.

BOSTON–A consumer group is blasting a new statement from the CFPB on responsibilities of credit reporting companies during the coronavirus pandemic, saying the Bureau may even lack the legal authority to take the position it has.