Weekly Regulatory Deadlines | Aug 05 to Aug 11
Federal government pauses Kodak loan pending probes
The Hill: Finance Policy 08/10/2020
Shares of Eastman Kodak Co. plummeted Monday after a federal agency blocked a $765 million government loan to the company following the deal, which was touted by President Trump, coming under congressional scrutiny.The U.S. International Development...
Real-Time Gets More Real By The Day
Money is getting faster, because it must. Many millions are sweating out the COVID-19 summer jobless and facing uncertainties about maintaining their way of life much longer. Instant payments are one solution that financial institutions (FIs) must offer customers to counter this, but “instant” doesn’t necessarily mean the same thing everywhere. PYMNTS’ August 2020 Disbursements...
S&P 500 nears record high as investors rally on vaccine hopes
The Hill 08/11/2020
The S&P 500 opened near a new record high on Tuesday with gains driven by investor confidence in coronavirus vaccine development...
Serious delinquencies will soar in 2021 without more borrower aid
National Mortgage News 08/11/2020
If there is no further government support for Americans whose income has been impacted by the coronavirus, the seriously delinquent mortgage rate will quadruple by the end of next year, CoreLogic predicted...
Banks, consumers groups to CFPB: Don’t rush overhaul of redlining law
American Banker 08/10/2020
Banks are joining consumer groups to urge the Consumer Financial Protection Bureau not to rush potential changes to the Equal Credit Opportunity Act...