One of the primary measures under discussion is extending regulatory bonus points to banks that assist struggling borrowers through the Community Reinvestment Act — a fair lending law which dictates a score for banks based on how effectively they meet the credit needs of low- and moderate-income American communities, among other factors.
These deliberations further indicate that banks have a chance to improve their standing with the government as a result of their actions during the coronavirus crisis. Last week, we that one effect of the pandemic could be an opportunity for banks to earn a heightened level of trust from financial regulatory bodies by stepping up and cushioning the blow to consumers.
A decision by the US Federal Reserve and the Office of the Comptroller of the Currency to award tangible bonus points to banks that take steps to assist mid- and low-income consumers would make that goodwill quantifiable — and ultimately could incentivize banks to help mitigate the economic impact of the coronavirus pandemic.Business Insider Intelligence analyzes the banking industry and provides in-depth analyst reports, proprietary forecasts, customizable charts, and more.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Tech supply-chain expert: Asian companies are worred about US demand - Business Insider'Everybody's holding their breath': Coronavirus concerns about the global tech supply chain have reversed — with recovering Asian suppliers now worried about US demand The U.S. can manufacture ANYTHING, if they cut the crap and stop making everything overseas. (because of freaking greed). This is interesting, I wonder if the supply chain will balance out in the next upcoming weeks Everyone's at home. Production halt.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »
Bank of America says coronavirus has already pushed the US into recession - Business Insider'We believe that the US economy has fallen into recession, joining the rest of the world, and it is a deep plunge,' said Michelle Meyer of BofA. Then suspend all current interest on mortgages to help BankofAmerica
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »
US jobless claims surge to 2-year high as unemployment spikes on coronavirus - Business InsiderUS jobless claims rose to 281,000 for the week ending March 14, exceeding economist estimates for a 220,000 increase.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »
Coronavirus: Rest stops in US closing, and truckers have few options - Business InsiderTruck drivers have a big problem: Rest stops are shuttering across the US, leaving them to scramble for places to sleep, eat, and use the restroom the parking lots are not closed and we can still get take out. AStuttaford The Coronavirus is revealing the idiocy and shortsightedness of most governments. It is ALWAYS a problem, this is just making it worse.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »
Flying home to the US during coronavirus was surreal, anxiety-inducing - Business InsiderI just flew home to New York City from South Africa after cutting my vacation short because of the explosion of the coronavirus pandemic, and it was a completely surreal experience
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »
Wartime economy: What the US will look like amid coronavirus outbreak - Business InsiderWartime economies created the wristwatch, aviator sunglasses, and Jeeps. Ford once made tanks for WWII, now it could make ventilators for hospitals.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »