CONSUMER FINANCIAL SERVICES INDUSTRY COVID-19 HUB

Tracking the Latest Announcements from Federal and State Governments, Financial Institutions and Trade Associations

The impact of COVID-19 on our lives is a dynamic situation that is evolving with each new day. The flow of new orders, rules, laws, and guidance impacting the Consumer Financial Services industry is constant, and a challenge to monitor. Goodwin’s Consumer Financial Services team is here to help. This hub is updated daily and to serve as the first resource you can check every morning to know the latest announcements from federal and state governments, financial institutions, and industry trade groups that affect the mortgage, student lending, credit card, debt collection, credit reporting, personal loan, banking and consumer lending industries.

Federal Agencies
States
Financial Institutions
Trade Associations

FEDERAL AGENCIES

Consumer Financial Protection Bureau (CFPB)

June 23, 2020
CFPB Issues Interim Final Rule on Loss Mitigation Options for Homeowners Recovering from Pandemic-Related Financial Hardships

June 19, 2020
Remarks by Director Kraninger During Consumer Data Industry Association Webinar

June 3, 2020
CFPB Takes Action to Help Consumers Receive Relief from Credit Card Issuers

May 22, 2020
CFPB Takes Action to Help Struggling Homeowners Seeking Mitigation Efforts; Consumers Seeking Small-Dollar Loans

May 21, 2020
CFPB Issues COVID-19 Consumer Complaint Bulletin

May 19, 2020
CFPB Releases Video on Consumers Receiving Stimulus Payment on Prepaid Debit Card

CFPB to Provide Additional Extension of Comment Period for Supplemental Notice of Proposed Rulemaking on Time Barred Debt

May 15, 2020
CFPB, CSBS Issue Consumer Guidance on Mortgage Relief Options

Director Kraninger Remarks During Financial Stability Oversight Council Meeting

May 13, 2020
CFPB Outlines Responsibilities of Financial Firms During Pandemic

May 12, 2020
CFPB, FHFA, & HUD Launch Joint Mortgage and Housing Assistance Website for Americans Impacted by COVID-19

Director Kraninger Provides Remarks at National Association of Realtors 2020 Legislative Meetings

Director Kraninger Provides Remarks During Financial Literacy and Education Commission Public Meeting

May 11, 2020
CFPB Issues Final Remittance Rule

May 6, 2020
CFPB Issues Clarifications to Support Small Business Applying for PPP Loans

May 1, 2020
CFPB Report Shows Decline in Credit Applications in March

April 29, 2020
CFPB Paves Way for Consumers Facing Financial Emergencies to Obtain Access to Mortgage Credit More Quickly

April 24, 2020
CFPB Outlines Mortgage Loan Transfer Process to Prevent Consumer Harm

April 21, 2020
CFPB Releases Video for Non-Filers on Economic Impact Payments

April 20, 2020
CFPB Announces May 1 Joint Bureau Advisory Committee to Discuss COVID-19 Pandemic Consumer Impact

April 16, 2020
CFPB Issues Final Rule Raising Data Reporting Thresholds Under the Home Mortgage Disclosure Act (HMDA)

April 15, 2020
CFPB and FHFA Announce Borrower Protection Program

April 14, 2020
Federal Banking Agencies to Defer Appraisals and Evaluations for Real Estate Transactions Affected by COVID-19

April 13, 2020
CFPB Taking Steps to Help Consumers Receive Economic Impact Payments Quicker

April 10, 2020
CFPB Announces Guidance on Remittance Transfers During COVID-19 Pandemic

April 7, 2020
Federal Agencies Issue Revised Interagency Statement on Loan Modifications by Financial Institutions Working with Customers Affected by the Coronavirus

April 3, 2020
CFPB Releases Video on How Mortgage Forbearance Works Under CARES Act

Federal Agencies Encourage Mortgage Servicers to Work with Struggling Homeowners Affected by COVID-19

April 1, 2020
CFPB Issues Credit Reporting Guidance During COVID-19 Pandemic

March 26, 2020
Director Kraninger Remarks During Financial Stability Oversight Council Meeting

Federal Agencies Encourage Banks, Savings Associations, and Credit Unions to Offer Responsible Small-Dollar Loans to Consumers and Small Businesses Affected by COVID-19

CFPB Says It Will Provide Flexibility to Financial Companies During COVID-19 Pandemic

March 24, 2020
CFPB Announces Resources for Consumers During COVID-19 Pandemic

March 22, 2020
Federal Financial Institution Regulatory Agencies and State Banking Regulators Issue Interagency Statement re COVID-19 Encouraging Financial Institutions to Work with Impacted Borrowers

March 20, 2020
CFPB Extends FDCPA Comment Period Due to COVID-19 Challenges

March 18, 2020
CFPB Director Statement on Joint HUD-FHFA Foreclosure & Eviction Moratorium

See CFPB Resources for Consumers During Coronavirus Pandemic

Department of Education (DOE)

April 9, 2020
Secretary DeVos Rapidly Delivers More Than $6 Billion in Emergency Cash Grants for College Students Impacted by Coronavirus Outbreak

March 27, 2020
Remarks by Secretary DeVos at the White House Coronavirus Task Force Press Briefing

March 26, 2020
Coalition of 27 State AGs Call on the U.S. DOE to Protect Student Loan Borrowers in Response to COVID-19

March 20, 2020
Secretary DeVos Suspends Federal Student Loan Payments, Waives Interest During National Emergency

Department of Housing and Urban Development (HUD)

June 17, 2020
FHA Extends Foreclosure and Eviction Moratorium for Single Family Homeowners for Additional Two Months

June 4, 2020
Federal Housing Administration Announces Guidance for Insuring Single Family Home Mortgages in Forbearance

May 14, 2020
FHA Extends Foreclosure and Eviction Moratorium for Single Family Homeowners and Remote Work Flexibilities for Lenders and Appraisers

May 12, 2020O
CFPB, FHFA, & HUD Launch Joint Mortgage and Housing Assistance Website for Americans Impacted by COVID-19

May 11, 2020
HUD Allocates Third Wave of CARES Act Funding Providing $1 Billion for Communities to Bolster Coronavirus Response and Relief Efforts

May 5, 2020
HUD Increases and Expands Flexibility of Funds for Public Housing Authorities to Fight COVID-19

May 1, 2020
HUD Allocates Second Wave of Relief Funds, Over Half a Billion Dollars to Help Protect Low-Income Americans

April 13, 2020
HUD Implements New CARES Act Multifamily Mortgage Payment Relief to Maintain and Preserve Affordable Rental Housing

April 2, 2020
HUD Moves to Make $3 Billion of COVID-19 Relief Funding Available to Communities

April 1, 2020
HUD Issues New CARES Act Mortgage Payment Relief For FHA Single Family Homeowners

March 18, 2020
HUD Provides Immediate Relief for Homeowners Amid Nationwide Coronavirus Response – Suspends all foreclosures and evictions for the next 60 days

Department of Justice (DOJ)

June 22, 2020
Massachusetts Man Charged with COVID-Relief Fraud

June 16, 2020
Illinois Business Owner Charged with COVID-Relief Fraud

May 19, 2020
Texas Man Charged with $5 Million COVID-Relief Fraud

May 5, 2020
Two Charged in Rhode Island with SBA PPP Stimulus Fraud

April 13, 2020
DOJ and FTC Jointly Issue Statement on COVID-19 and Competition in U.S. Labor Markets

March 30, 2020
Assistant AG Issues Statement on Servicemembers’ Civil Rights During COVID-19

March 20, 2020
Attorney General Urges Americans to Report COVID-19 Related Fraud

See also DOJ Site re COVID-19 Fraud

Federal Deposit Insurance Company (FDIC)

June 23, 2020
Federal and State Regulatory Agencies Issue Examiner Guidance for Assessing Safety and Soundness Considering the Effect of the COVID-19 Pandemic on Financial Institutions

June 22, 2020
FDIC Issues Final Rule to Mitigate the Deposit Insurance Assessment Effect of Participation in the Paycheck Protection Program (PPP), the PPP Liquidity Facility, and the Money Market Mutual Fund Liquidity Facility

May 15, 2020
Regulators Temporarily Change the Supplementary Leverage Ratio to Increase Banking Organizations’ Ability to Support Credit to Households and Businesses In Light of the Coronavirus Response

May 12, 2020
FDIC Issues Proposed Rule to Mitigate the Deposit Insurance Assessment Effect of Participation in the Paycheck Protection Program (PPP), the PPP Lending Facility, and the Money Market Mutual Fund Liquidity Facility

May 8, 2020
Federal Financial Regulatory Agencies Issue Interagency Policy Statement on Allowances for Credit Losses and Interagency Guidance on Credit Risk Review Systems

May 6, 2020
Federal Banking Agencies Extend Two Resolution Plan Deadlines Due to COVID

May 5, 2020
Federal Bank Regulatory Agencies Modify Liquidity Coverage Ratio for Banks Participating in Money Market Mutual Fund Liquidity Facility and Paycheck Protection Program (PPP) Liquidity Facility

April 25, 2020
Small Business Administration (SBA) and U.S. Department of Treasury Announce Availability of New Paycheck Protection Program Loans

April 22, 2020
Technical Corrections to the Revised Transition of the Current Expected Credit Losses Methodology for Allowances

Federal Regulators to Offer Banker Webinar re How to Become a Paycheck Protection Program (PPP) Lender

April 14, 2020
Federal Banking Agencies to Defer Appraisals and Evaluations for Real Estate Transactions Affected by COVID-19

April 10, 2020
Federal Regulators Issue Supervisory and Enforcement Practices Regarding the Mortgage Servicing Rules in Response to COVID-19 and the CARES Act

April 9, 2020
Federal Bank Regulators Issue Interim Final Rule for Paycheck Protection Program Facility

Federal Bank Regulators Announce Changes to the Regulatory Capital Rule to Accommodate the Paycheck Protection Program

FDIC Issues Capital-Related Revisions to the Consolidated Reports of Condition and Income

April 7, 2020
Revised Interagency Statement on Loan Modifications by Financial Institutions Working with Customers Affected by COVID-19

April 6, 2020
Federal Agencies Announce Changes to Community Banking Leverage Ratio

April 3, 2020
Federal Agencies Encourage Mortgage Servicers to Work with Distressed Homeowners Affected by COVID-19

March 31, 2020
Joint OCC, Federal Reserve, and FDIC Statement on the Interaction of the Revised Transition of the CECL Methodology for Allowances With Section 4014 of the CARES Act

March 27, 2020
FDIC Statement on Part 363 Annual Reports in Response to Coronavirus

FDIC Updates Steps to Protect Banks and Consumers and to Continue Operations

March 26, 2020
FDIC Announces Temporary Alternative Procedures for Sending Supervision-Related Mail and Email to the FDIC

The FDIC Announces a 30-Day Grace Period for the Call Report for the First Quarter of 2020

March 22, 2020
Agencies Provide Additional Information to Encourage Financial Institutions to Work with Borrowers Affected by COVID-19

Interagency Webinar on the Statement on Loan Modifications and Reporting for Institutions Working with Customers Affected by the Coronavirus

March 19, 2020
Joint Statement on CRA Consideration for Activities in Response to the COVID-19

Frequently Asked Questions: For Financial Institutions and Consumers Affected by the Coronavirus

March 17, 2020
Federal Banking Agencies Provide Banks Additional Flexibility to Support Households and Businesses

March 13, 2020
FDIC Regulatory Relief: Working with Customers Affected by the Coronavirus

March 6, 2020
Interagency Statement on Pandemic Planning

Federal Housing Finance Agency (FHFA)

June 17, 2020
FHFA Extends Foreclosure and Eviction Moratorium

May 19, 2020
FHFA Announces Refinance and Home Purchase Eligibility for Borrowers in Forbearance

May 14, 2020
FHFA Extends Foreclosure and Eviction Moratorium for Enterprise-Backed Mortgages

May 13, 2020
FHFA Announces Payment Deferral as New Repayment Option for Homeowners in COVID-19 Forbearance Plans

May 12, 2020
CFPB, FHFA, & HUD Launch Joint Mortgage and Housing Assistance Website for Americans Impacted by COVID-19

May 5, 2020
FHFA Extends Loan Processing Flexibilities for Fannie Mae and Freddie Mac Customers

May 4, 2020
FHFA Announces Tools to Help Renters Find Out If They Are Protected From Eviction

April 23, 2020
FHFA Supports Small Business by Allowing Federal Home Loan Banks to Accept Paycheck Protection Program Loans as Collateral

April 22, 2020
FHFA Announces That Enterprises Will Purchase Qualified Loans in Forbearance to Keep Lending Flowing

April 21, 2020
FHFA Addresses Servicer Liquidity Concerns, Announces Four Month Advance Obligation Limit for Loans in Forbearance

April 15, 2020
FHFA and CFPB Announce Borrower Protection Program

April 7, 2020
FHFA Director Says He Sees No Evidence of Systemic Crisis Among Nonbank Servicers (from WSJ)

March 31, 2020
FHFA Authorizes Loan Processing Flexibilities for Fannie Mae and Freddie Mac Customers

March 26, 2020
FHFA Director’s Prepared Remarks at Financial Stability Oversight Council Principals Meeting

March 23, 2020
FHFA Directs Enterprises to Grant Flexibilities for Appraisal and Employment Verifications

FHFA Moves to Provide Eviction Suspension Relief for Renters in Multifamily Properties

March 18, 2020
FHFA Suspends Foreclosures and Evictions for Enterprise-Backed Mortgages

March 10, 2020
Statement from FHFA Director on Coronavirus

Federal Reserve System (FRS)

July 7, 2020
Speech by Vice Chair for Supervision Quarles on global in life and orderly in death: post-crisis reforms and the too-big-to-fail question

June 30, 2020
Testimony by Chair Powell on the coronavirus and CARES Act

June 26, 2020
Federal Reserve Board releases results of stress tests for 2020 and additional sensitivity analyses conducted in light of the coronavirus event

June 23, 2020
Federal and state regulatory agencies issue examiner guidance for assessing safety and soundness considering the effect of the COVID-19 pandemic on financial institutions

June 19, 2020
Remarks by Chair Powell at “Building a Resilient Work Force”

Speech by Vice Chair Quarles on the Adaptability of Stress Testing

June 16, 2020
Semiannual Monetary Policy Report to the Congress from Chair Powell

Statement on U.S. Economic Outlook and Monetary Policy from Vice Chair Clarida

June 15, 2020
Federal Reserve Board announces it will resume examination activities for all banks, after previously announcing a reduced focus on exam activity in light of the coronavirus response

Federal Reserve Board announces updates to Secondary Market Corporate Credit Facility (SMCCF), which will begin buying a broad and diversified portfolio of corporate bonds to support market liquidity and the availability of credit for large employers

Federal Reserve Board announces it will be seeking public feedback on proposal to expand its Main Street Lending Program to provide access to credit for nonprofit organizations

May 27, 2020
Federal Reserve Issues Beige Book

May 21, 2020
Introductory Remarks by Governor Brainard for the Fed Listens Panel at “A Fed Listens Event: How Is COVID-19 Affecting Your Community?”

Opening Remarks by Chair Powell at “Fed Listens: How Is COVID-19 Affecting Your Community?”

Speech by Vice Chair Clarida on the U.S. Economic Outlook and Monetary Policy

May 20, 2020
Federal Agencies Share Principles for Offering Responsible Small-Dollar Loans

May 18, 2020
Congressional Testimony by Chair Powell on the Federal Reserve’s Response to the Coronavirus and the CARES Act

May 15, 2020
Federal Reserve Issues Financial Stability Report

Regulators Temporarily Change the Supplementary Leverage Ratio to Increase Banking Organizations’ Ability to Support Credit to Households and Businesses In Light of the Coronavirus Response

May 14, 2020
Federal Reserve Board Issues Report on the Economic Well-Being of U.S. Households

May 13, 2020
Speech by Chairman Powell on Current Economic Issues

May 12, 2020
Federal Reserve Publishes Updates to Term Asset-Backed Securities Loan Facility (TALF) and Announces Information to Be Disclosed Monthly for the TALF and the PPP Liquidity Facility

Vice Chair Quarles Issues Supervision and Regulation Report Before Senate Committee

May 11, 2020
Federal Reserve Publishes Updates to Term Sheet for the Municipal Liquidity Facility

May 8, 2020
Federal Reserve Issues Supervision and Regulation Report

May 6, 2020
Fed and FDIC Extent Two Resolution Plan Deadlines Due to COVID-19

May 5, 2020
Federal Bank Regulatory Agencies Modify Liquidity Coverage Ratio for Banks Participating in Money Market Mutual Fund Liquidity Facility and Paycheck Protection Program Liquidity Facility

April 30, 2020
Federal Reserve Board Announces It Is Expanding the Scope and Eligibility for the Main Street Lending Program

Federal Reserve Expands Access to Its Paycheck Protection Program Liquidity Facility (PPPLF) to Additional Lenders, and Expands the Collateral That Can Be Pledged

April 29, 2020
Federal Reserve Issues FOMC Statement

April 27, 2020
Federal Reserve Board Announces an Expansion of the Scope and Duration of the Municipal Liquidity Facility

April 24, 2020
Federal Reserve Announces Interim Final Rule to Delete Six-Per-Month Limit on Convenient Transfers from the “Savings Deposit” Definition

April 23, 2020
Federal Reserve Board Outlines Public Information It Will Make Available Regarding Its Programs to Support the Flow of Credit to Households and Businesses to Foster Economic Recovery

Federal Reserve Board Announces Temporary Actions Aimed at Increasing the Availability of Intraday Credit Extended by Federal Reserve Banks

Federal Reserve Announces That It Is Working to Expand Access to Paycheck Protection Program Liquidity Facility (PPPLF) for Additional SBA-Qualified Lenders ASAP

April 17, 2020
Federal Reserve Board announces rule change to bolster the effectiveness of the Small Business Administration’s Paycheck Protection Program

April 16, 2020
Federal Reserve Announces Its Paycheck Protection Program (PPP) Liquidity Facility Is Fully Operational and Available for Eligible Financial Institutions

April 15, 2020
Federal Reserve Issues Beige Book

April 14, 2020
Federal Banking Agencies to Defer Appraisals and Evaluations for Real Estate Transactions Affected by COVID-19

April 9, 2020
Federal Reserve to Provide Up to $2.3 Trillion in Loans to Support the Economy

Federal Regulators Issue Interim Final Rule for PPP Facility

Speech by Fed Chair Powell Regarding COVID-19 and the Economy

Fed Housing Chair Raises Concerns About Wave of Missed Mortgage Payments and Impact on Servicers (from WSJ)

April 8, 2020
Federal Reserve Announces Temporarily Modified Growth Restriction on Wells Fargo to Support Small Businesses

April 7, 2020
Federal Financial Institution Regulatory Agencies Issue Revised Interagency Statement on Loan Modifications for Customers Affected by COVID-19

April 6, 2020
Federal Reserve to Establish a Facility to Facilitate Lending to Small Businesses Via the Small Business Administration’s Paycheck Protection Program

Federal Agencies Announce Changes to the Community Bank Leverage Ratio

April 3, 2020
Federal Agencies Encourage Mortgage Servicers to Work with Struggling Homeowners Affected by COVID-19

April 1, 2020
Federal Reserve Announces Temporary Change to Supplementary Leverage Ratio

March 31, 2020
Federal Reserve Announces Establishment of a Temporary FIMA Repo Facility to Help Financial Markets

March 30, 2020
Federal Reserve and Four Other Financial Regulators Issue Joint Statement Encouraging Responsible Small Dollar Lending During COVID-19

March 27, 2020
Federal Reserve, FDIC, and OCC Announce Two Actions to Support Lending to Households and Businesses

March 26, 2020
Federal Reserve Offers Regulatory Reporting Relief to Small Financial Institutions

Federal Agencies Encourage Banks, Savings Associations and Credit Unions to Offer Responsible Small-Dollar Loans to Consumers and Small Businesses Affected by COVID-19

March 25, 2020
Federal Reserve Reports to Congress Concerning COVID-19 Pandemic

March 24, 2020
Federal Reserve Adjusts Supervisory Approach in Light of COVID-19

Federal Reserve Announces Six-Month Delay in Implementation of New Payment System Risk Policy

March 23, 2020
Federal Reserve Announces Technical Change to Allow Banks to Continue Lending to Creditworthy Households and Businesses

March 22, 2020
Federal Reserve, Along with Other Agencies, Issue Joint Statement to Encourage Financial Institutions to Work with COVID-19 Affected Borrowers

March 19, 2020
Federal Reserve, OCC, and FDIC Issue Joint Statement on CRA

March 17, 2020
Federal Reserve Announces Primary Dealer Credit Facility to Support Credit Needs

Federal Reserve Announces Establishment of Commercial Paper Funding Facility to Support Credit Needs

Federal Banking Agencies Announce Actions to Provide Banks with Additional Flexibility to Support Households and Businesses

March 16, 2020
Federal Reserve Encourages Banks to Use Discount Window

March 15, 2020
Federal Reserve Actions to Support Flow of Credit to Households and Businesses

March 9, 2020
Federal Regulators Encourage Financial Institutions to Meet Financial Needs of Customers and Members Affected by Coronavirus

See also Federal Reserve COVID-19 Bank Operations Page

Federal Trade Commission (FTC)

May 18, 2020
FTC and SBA Warn Operator of SBA.com and Lead Generator Lendio to Stop Potentially Misleading Coronavirus Relief Loan Marketing

FTC Business Blog:  Big Concerns About Small Business Loan Pitches

April 29, 2020
FTC Business Blog: New SBA Funding Attracts Scammers

April 17, 2020
FTC Takes Action to Stop Company Posing as SBA Lender and Preying on Small Businesses

April 15, 2020
FTC Business Blog: Small Business Financing Considerations for Borrowers and Lenders

FTC Consumer Blog: Behind on Car Payments Because of the Coronavirus?

April 14, 2020
FTC Consumer Blog: Coronavirus and Your Mortgage

April 13, 2020
FTC and DOJ Issue Joint Statement Announcing They Are on Alert for Collusion in U.S. Labor Markets

April 2, 2020
FTC Business Blog:  Where Small Businesses Can Turn for Accurate Information About Financial Relief

FTC Consumer Blog:  Where to Go for Small Business Financial Relief

March 30, 2020
FTC Consumer Blog: Got Student Debt? Read This

March 26, 2020
FTC Chairman Outlines Agency Steps to Safeguard Consumer During Pandemic

March 17, 2020
FTC Outlines Response to Coronavirus Challenges

See FTC COVID-19 Consumer Complaint Tracker

National Credit Union Administration (NCUA)

June 23, 2020
Federal and State Regulatory Agencies Issue Examiner Guidance for Assessing Safety and Soundness Considering the Effect of the COVID-19 Pandemic on Financial Institutions

May 22, 2020
NCUA Principles for Making Responsible Small-Dollar Loans

May 20, 2020
Federal Agencies Share Principles for Offering Responsible Small-Dollar Loans

May 11, 2020
NCUA Letter to Credit Unions Regarding CFPB Interpretive Rule on Waiver of TRID and TILA Waiting Periods

NCUA Establishes Central Liquidity Facility (CLF) Agent Memberships

May 1, 2020
Federal Reserve Board Issues Rule Allowing Credit Unions to Remove the Monthly Limit on Savings Withdrawals

April 30, 2020
NCUA Letter to Credit Unions Regarding Working with Borrowers Affected by COVID-19

April 29, 2020
NCUA Letter to Credit Unions on COVID-Related Outreach

April 28, 2020
NCUA Letter to Credit Unions on Regulatory Treatment for Paycheck Protection Program Loans

April 27, 2020
NCUA: Credit Unions Are Strong, But COVID-19 Presents Challenges

NCUA: Mentoring Grants Available to Help MDIs

April 24, 2020
NCUA Chairman: Paycheck Protection Program and Health Care Enhancement Act Will Support Local Communities

April 22, 2020
NCUA Board Approves Changes to Capital; Business Lending Regulations

NCUA Letter to Credit Unions on Residential Appraisals Threshold Increase and Other COVID-19 Related Relief Measures

April 17, 2020
NCUA Letter to Credit Unions on Temporary Regulatory Relief in Response to the COVID-19 Pandemic

April 16, 2020
NCUA Board Approves Regulatory Relief Measures in Response to COVID-19

April 14, 2020
Federal Banking Agencies to Defer Appraisals and Evaluations for Real Estate Transactions Affected by COVID-19

April 13, 2020
NCUA Increases Funding for COVID-19 Emergency Response Grants

NCUA Board Approves Changes to Central Liquidity Facility

April 8, 2020
NCUA Chairman Hood’s Remarks During a Call with the CEO’s of the Nation’s Corporate Credit Unions

April 7, 2020
Agencies Issue Revised Interagency Statement on Loan Modifications by Financial Institutions Working with Customers Affected by the Coronavirus

NCUA Summary of the Coronavirus Aid, Relief, and Economic Security (CARES) Act

NCUA Letter Regarding Small Business Administration Loan Programs to Help Small Businesses and Members During the COVID-19 Pandemic

April 3, 2020
Federal and State Agencies Encourage Mortgage Servicers to Work With Struggling Homeowners Affected by COVID-19

March 31, 2020
NCUA Outlines Grants, Loans Available to Low-Income Credit Unions for COVID-19 Response

March 30, 2020
NCUA Offsite Examination and Supervision Approach for COVID-19

March 27, 2020
NCUA’s COVID-19 Emergency Fund Initiative Guidelines

NCUA Chairman Hood: Coronavirus Aid, Relief, and Economic Security Act Will Provide Needed Relief

NCUA Hosts March 31 Webinar on COVID-19 Response

March 26, 2020
Responsible Small-Dollar Lending in Response to COVID-19

March 25, 2020
FAQs regarding COVID-19, NCUA, and Credit Union Operations FAQS and Resources

March 23, 2020
Urgent Needs Grants Available to Help Credit Unions Affected by COVID-19

See also NCUA Provides FAQs for Federally-Insured Credit Unions

Office of the Comptroller of the Currency (OCC)

July 1, 2020
OCC Bulletin 2020-67: Extension of the Swap Margin Rule Compliance Dates: Interim Final Rule

June 23, 2020
Federal and State Regulatory Agencies Issue Examiner Guidance for Assessing Safety and Soundness Considering the Effect of the COVID-19 Response on Financial Institutions

OCC Bulletin 2020-64: Examinations: Interagency Examiner Guidance for Assessing Safety and Soundness While Considering the Effect of COVID-19 on Institutions

June 22, 2020
OCC Interim Final Rule Reduces Assessments in Response to COVID-19

OCC Bulletin 2020-63: Assessments: Interim Final Rule

June 17, 2020
COVID-19 Relief Programs: Preemption

June 1, 2020
OCC Sounds Warning About Effects of COVID-19 ‘Lockdowns’ on Banking System

May 26, 2020
OCC Posts Interagency FAQs re Community Reinvestment Act (CRA)

OCC Bulletin 2020-55: Director, Shareholder, and Member Meetings: Interim Final Rule

May 20, 2020
Small-Dollar Lending: Interagency Lending Principles for Offering Responsible Small-Dollar Loans

May 15, 2020
Regulators Temporarily Change the Supplementary Leverage Ratio to Increase Banking Organizations’ Ability to Support Credit to Households and Businesses in Light of the Coronavirus Response

May 12, 2020
OCC Bulletin 2020-51:  Corporate Governance: Annual Meetings and the COVID-19 Emergency

May 7, 2020
Notes from OCC Paycheck Protection Program (PPP) Listening Sessions

May 6, 2020
OCC Liquidity Coverage Ratio: Interim Final Rule Addressing Treatment of Certain Emergency Facilities

May 5, 2020
Federal Bank Regulatory Agencies Modify Liquidity Coverage Ratio For Banks Participating in Money Market Mutual Fund Liquidity Facility and Paycheck Protection Program Liquidity Facility

May 1, 2020
OCC and Fed Joint Response About the Effect of Recent Financial Market Volatility on the Market Risk Capital Rule

April 27, 2020
OCC Issues Bulletin to Clarify Its Statement in OCC Bulletin 2020-44 Regarding Documentation of SBA Paycheck Protection Program (PPP) Loans

April 25, 2020
OCC Encouraging Banks to Prudently Document SBA Paycheck Protection Program (PPP) Loans

April 24, 2020
OCC Issues COVID-19 Financial Support Programs Bulletin Reasserting Its Exclusive Visitorial Authority

April 22, 2020
OCC, Fed, and FDIC Issue Final Rule with Technical Changes to Interim Rule Concerning Current Expected Credit Losses 

Federal Banking Agencies to Host Ask the Regulators Webinar re How to Become a Paycheck Protection Program (PPP) Lender

April 20, 2020
OCC Providing Awareness to Federal Reserve Lending Programs: COVID-19-Related Programs to Support Households, Employers, and Communities

April 17, 2020
Federal Financial Institution Regulatory Agencies to Offer April 24 Ask the Regulator Webinar on Loan Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus

April 16, 2020
OCC Consumer Compliance: FFIEC Federal Disclosure Computational Tools

April 15, 2020
Federal Banking Agencies Issue Interim Final Rule and Interagency Statement on Appraisals and Evaluations for Real Estate-Related Financial Transactions Affected by the Coronavirus

April 14, 2020
Federal Banking Agencies to Defer Appraisals and Evaluations for Real Estate Transactions Affected by COVID-19

OCC Announces Paycheck Protection Program Listening Sessions

April 10, 2020
Consolidated Reports of Condition and Income: Revisions to the FFIEC Call Reports and FFIEC 101 for the March 31, 2020, Report Date

April 9, 2020
Federal Bank Regulators Issue Interim Final Rule for Paycheck Protection Program Facility

Capital Treatment for Paycheck Protection Program: Interim Final Rule

OCC Says It Won’t Halt Community Lending Overhaul for Pandemic (from Law360)

April 7, 2020
Agencies Issue Revised Interagency Statement on Loan Modifications by Financial Institutions Working with Customers Affected by COVID-19

Troubled Debt Restructurings: Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working With Customers Affected by COVID-19 (Revised)

Bank Secrecy Act/Anti-Money Laundering: OCC Supports FinCEN’s Regulatory Relief and Risk-Based Approach for Financial Institution Compliance in Response to COVID-19

April 6, 2020
Federal Agencies Announce Changes to Community Banking Leverage Ratio

OCC Issues Community Banking Leverage Ratio Interim Final Rules

April 3, 2020
Mortgage Servicing: Joint Statement on Supervisory and Enforcement Practices Related to Provisions of the CARES Act

Federal Agencies Encourage Mortgage Servicers to Work With Struggling Homeowners Affected by COVID-19

April 2, 2020
OCC Issues Information Bulletin for Banks Regarding New Programs for Small Business Relief

March 31, 2020
Joint OCC, Federal Reserve, and FDIC Statement on the Interaction of the Revised Transition of the CECL Methodology for Allowances With Section 4014 of the CARES Act

March 27, 2020
Statement of the Comptroller of the Currency on the Enactment of the Nation’s Stimulus Package

OCC Bulletin – Standardized Approach for Counterparty Credit Risk: Notice to Allow Early Adoption

OCC Announces Interim Final Rule to Delay Estimated Impact on Regulatory Capital

Federal Reserve, FDIC, and OCC Announce Two Actions to Support Lending to Households and Businesses

OCC to Hold March 27 “Ask the Regulator Webinar: Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus

March 26, 2020
Statement of the Comptroller of the Currency on the Condition of the Federal Banking System and the Response to COVID-19

Federal Agencies Encourage Banks, Savings Associations and Credit Unions to Offer Responsible Small-Dollar Loans to Consumers and Small Businesses Affected by COVID-19

Small-Dollar Lending: Joint Statement Encouraging Responsible Small-Dollar Lending in Response to COVID-19

March 25, 2020
OCC Offers Guidance re Essential Critical Infrastructure Workers in the Financial Services Sector

Consolidated Reports of Condition and Income: 30-Day Grace Period for the March 31, 2020, Call Report Date

March 23, 2020
Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working With Customers Affected by COVID-19

March 22, 2020
Agencies Provide Additional Information to Encourage Financial Institutions to Work with Borrowers Affected by COVID-19

OCC Frequently Asked Questions for Banks Regarding COVID-19

March 19, 2020
OCC Bulletin 2020-19: Pandemic Planning: Joint Statement on Community Reinvestment Act Consideration for Activities in Response to COVID-19

OCC Bulletin 2020-17: Pandemic Planning: Joint Questions and Answers Regarding Statement About the Use of Capital and Liquidity Buffers

March 17, 2020
Federal Banking Agencies Provide Banks Additional Flexibility to Support Households and Businesses

March 16, 2020
Federal Banking Agencies Encourage Banks to Use Federal Reserve Discount Window

March 13, 2020
OCC Bulletin 2020-15: Pandemic Planning: Working With Customers Affected by Coronavirus and Regulatory Assistance

March 9, 2020
Agencies Encourage Financial Institutions to Meet Financial Needs of Communities Affected by Coronavirus

See also OCC COVID-19 Reference and Updates Page

See also COVID-19 Questions and Answers for National Banks and Federal Savings Associations

See also COVID-19 Questions and Answers for Bank Customers

Veteran’s Administration (VA)

April 3, 2020
VA Extends Financial, Benefits and Claims Relief to Veterans

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STATES

Alaska

March 26, 2020
Alaska Legislature Proposes Bills to Temporarily Suspend Foreclosures and Evictions and Encourage Forbearance on Certain State Loans

March 25, 2020
Alaska Senate Proposes Bill to Provide Relief to State Borrowers

March 23, 2020
Senate Passes 2X PFD, COVID-19 Fighting Budget

March 21, 2020
Alaska Businesses Now Eligible for SBA Economic Injury Disaster Loans

March 20, 2020
Alaska COVID-19 Economic Stabilization Plan

See also Alaska COVID-19 Update

See also Alaska Department of Commerce COVID-19 Economic Recovery Resource Portal

Alabama

See Alabama COVID-19 Relief Guide

Arkansas

May 18, 2020
Arkansas State Bank Department: Consumer Guide on Mortgage Relief Options

April 28, 2020
Arkansas Supreme Court Adds Temporary Pleading Requirement to New Eviction Complaints

April 18, 2020
Arkansas AG Announces New Economic Recovery Task Force

April 13, 2020
Arkansas Economic Development Commission Quick Action Loan Program Summary

Arkansas Bankers Association: Banking Industry Response to Coronavirus

April 7, 2020
Arkansas State Bank Department Update on Federal Financial Institution Regulatory Agencies’ Revised Interagency Statement

April 3, 2020
Arkansas Supreme Court Extends Suspension of All In-Person Proceedings in State Appellate, Circuit, and District Courts to May 1, 2020

April 1, 2020
Arkansas Legislature Creates COVID-19 Reserve Fund, Encourages Banks to Restructure Loans to Troubled Businesses

March 31, 2020
Arkansas Secretary of State Temporarily Waives Franchise Tax Late Fees and Interest Charges

March 27, 2020
Arkansas State Bank Department Updated Coronavirus Contingency Plan: Financial Services Industry Designation as Critical Infrastructure Sector

March 23, 2020
Arkansas State Bank Department COVID-19 Contingency Plan

Arizona

April 29, 2020
Arizona Governor Releases Updated Guidance for Businesses

April 6, 2020
Arizona Governor Expands Eviction Protections to Small Businesses and Nonprofits

April 1, 2020
Arizona Governor Announces Protections for Renters

March 30, 2020
Arizona Governor Announces Foreclosure Suspensions and Other Relief

March 24, 2020
Arizona Governor announces postponement of eviction actions

March 23, 2020
Arizona announces financial assistance to prevent eviction or foreclosure

California

May 11, 2020
California Legislature Considers Homeowner and Consumer Relief Legislation 

May 5, 2020
California Senator Proposes Senate Bill Amendment Proving That Certain Actions by Attorneys Relating to Negotiating or Arranging Mortgage Modifications or Other Mortgage Loan Forbearances for a Fee Violate the State Bar Act and Expanding the Definition of Foreclosure Consultant

May 1, 2020
California AG Urges Secretary Ben Carson to Further Protect Senior Homeowners with Reverse Mortgages Affected by COVID-19

April 28, 2020
California AG Reminds Credit Reporting Agencies to Comply with the Fair Credit Reporting Act and Protect Consumers During the COVID-19 Pandemic

April 23, 2020
California AG Calls on Federal Government to Increase Protections for Homeowners During COVID-19

California Governor Announces Additional Relief for Californians Impacted by COVID-19

April 13, 2020
California AG Joins Multistate Letter Opposing the CFPB’s Decision to Scale Back Enforcement of the Fair Credit Reporting Act

California AG Joins Coalition Urging the Department of the Treasury to Immediately Exempt COVID-19 Emergency Monetary Relief from Garnishment

California Insurance Commissioner Orders Insurance Companies to Refund Premiums to Drivers and Businesses Affected by the COVID-19 Emergency

California Insurance Commissioner Issues Bulletin Regarding Premium Refunds, Credits, and Reductions in Response to COVID-19 Pandemic

April 9, 2020
California AG Leads Effort to Defend Federal Regulations Protecting Underserved Communities from Banking Discrimination

April 3, 2020
California AG Leads Multistate Coalition Urging the VA to Suspend Deadlines and Collection Activities for Veterans During COVID-19 Pandemic

March 30, 2020
California AG Urges U.S. Department of Education to Provide Promised Student Debt Relief to Public Servants

March 26, 2020
California AG Joins Multistate Letter Urging Secretary DeVos to Protect Student Loan Borrowers During COVID-19 Public Health Crisis

California DBO Coronavirus Updates

March 25, 2020
Governor Gavin Newsom Announces Major Financial Relief Package: 90-Day Mortgage Payment Relief During COVID-19 Crisis

March 23, 2020
California Releases Guidance to Help Californians Experiencing Financial Hardship Because of COVID-19 Pandemic

March 22, 2020
Guidance for Lenders During the COVID-19 Pandemic

Guidance to Financial Institutions During the COVID-19 Pandemic

March 16, 2020
California Governor Issues Executive Order to Protect Renters and Homeowners During COVID-19 Pandemic

Colorado

May 15, 2020
Colorado Banking and Financial Services Commissioners Provide Additional Guidance for State-Chartered Financial Institutions

May 12, 2020
Colorado Issues Additional Guidance for Critical Financial Institution Operations

April 23, 2020
Colorado Announces Additional Payment Relief for Student Loan Borrowers

April 17, 2020
Colorado Issues Guidance on Credit Reporting and the CARES Act Amendment

March 30, 2020
Colorado Enacts Remote Notarization Emergency Rules

March 27, 2020
Colorado DORA Issues Appraisal Guidance for State Chartered Banks and Credit Unions

Colorado DORA Issues Guidance to Money Transmitters

March 20, 2020
Colorado Limits Evictions and Foreclosures until April 30, 2020

March 18, 2020
Colorado Urges Creditors to Cease Debt Collection

March 16, 2020
Colorado Mortgage Loan Originators May Perform Licensed Activities from Anywhere

Colorado Division of Banking Issues Guidance for State-Chartered Financial Institutions

Connecticut

April 10, 2020
Connecticut Governor Signs Executive Order Providing Residential Rent Protections

March 31, 2020
Connecticut Governor Announces Mortgage Payment Relied During COVID-19 Crisis

March 26, 2020
Connecticut Governor Launches Emergency No Interest Loan Program for Small Businesses and Nonprofits

Connecticut AG  Joins Multistate Coalition Urging Emergency Relief for Federal Student Loan Borrowers in Response to Coronavirus Pandemic

March 20, 2020
Connecticut Housing Finance Authority Issues Guidance for Lenders

Connecticut Housing Finance Authority Issues Guidance for Homeowners

March 19, 2020
Connecticut Courts Issue 60-Day Foreclosure and Eviction Moratorium

March 18, 2020
Connecticut Department of Banking Issues Guidance for Mortgage Servicers

See also Connecticut State Resources for Homeowners and Renters

District of Columbia

May 18, 2020
DC Council Enacts Tenant Protections During COVID-19 Crisis

May 6, 2020
DC Council Unanimously Passes Fourth COVID Response Measure, Including Further Eviction Restrictions

April 30, 2020
DC AG Racine Alerts District Residents About Debt Collection Protections During COVID-19 Emergency

April 29, 2020
Mayor Bowser Expands Funding for DC Small Business Recovery Microgrants Program

April 17, 2020
DC Councilmember Proposes Mortgage Relief Emergency Act

April 8, 2020
DC Council Passes Wide-Ranging Second COVID Emergency Response Bill

April 7, 2020
DC AG to Enforce Additional Slate of COVID-19 Emergency Protections for District Residents, Including Prohibition of Certain Debt Collection Practices

March 19, 2020
DC AG Vows to Enforce COVID-19 Response Act, Including Eviction Prohibition

DC Department of Consumer and Regulatory Affairs Extends Deadlines for Business Licensing

Delaware

March 26, 2020
Delaware Governor and Housing Authority Announce Housing Assistance Program

Florida

April 23, 2020
Florida AG Seeks Help for Homeowners Affected by COVID-19

April 2, 2020
Florida Governor Suspends Foreclosures and Evictions for 45 Days

March 25, 2020
Florida Governor considers a moratorium on evictions as rent deadline nears

Georgia

April 17, 2020
Georgia Governor Urges Congress to Fund Paycheck Protection Program

March 27, 2020
Georgia Court Issues Order Regarding Real Estate Transactions by Video Conference

March 13, 2020
Georgia Department of Banking and Finance: Memo on Emergency Closing Notification Procedures

Hawaii

May 18, 2020
Hawaii Governor Signs Executive Order Extending Eviction Moratorium Until June 30

May 11, 2020
DHHL, Aloha United Way Launch Beneficiary Rental Relief Program

April 17, 2020
Hawaii Judiciary Postpones Trials Until End of May

Hawaii Governor Orders Eviction Moratorium

April 3, 2020
Hawaii AG Connors Joins Multistate Coalition Urging VA to Suspend Deadlines and Collection Activities

March 17, 2020
Hawaii Department of Public Safety Sherriff Division Suspends All Eviction Activities

March 16, 2020
Hawaii Supreme Court Suspends Civil Hearings, Including Landlord-Tenant and Small Claims Until April 30

Idaho

April 14, 2020
Idaho Lenders Now Processing Payroll Protection Program (PPP) Applications for Small Businesses

See Idaho COVID-19 Resources Page

Illinois

May 27, 2020
Illinois Announces $7.3 Million Investment for Illinois Small Business Development Centers

May 22, 2020
Illinois Supreme Court Issues Pandemic-Related Temporary Order for Eviction Cases

May 14, 2020
Illinois Department of Financial and Professional Regulation Announces Enforcement Actions Taken During March 2020

Illinois Governor Extends Home Energy Assistance to August 31, 2020

May 6, 2020
Illinois AG Urges Congress to Strengthen Paycheck Protection Program by Fairly and Equitably Distributing Funds to Small Businesses

May 1, 2020
Illinois Department of Professional and Financial Regulation Provides Options for Unbanked Residents to Cash Stimulus Checks

Illinois AG Calls Urges HUD to Protect Senior Citizens with Reverse Mortgages from Foreclosure

April 28, 2020
Chicago Mayor, Department of Business Affairs and Consumer Protection Announce $5M Microbusiness Recovery Program

April 24, 2020
Illinois Supreme Court Issues Order Limiting Freezes on Personal Bank Accounts

April 16, 2020
Chicago Mayor, Department of Finance Defer Business Tax Remittance, Extend Suspension on Late Fees and Default on Payment Plans, and Suspend Debt Collection Efforts

April 15, 2020
Illinois Governor Provides Updated Revenue Projections, Plans Issuance of $1.2B in Short-Term Borrowing

April 14, 2020
Illinois Governor Suspends Laws Permitting Service of Garnishment, Wage Deduction, Citation to Discover Assets Summonses for Consumer Debt Collection Proceedings

Illinois Department of Financial and Professional Regulation Issues Best Practices to Illinois Licensed Lenders, Encourages Extending Payments, Waiving Late Charges, Deferring Collection for Struggling Borrowers

April 13, 2020
Illinois Housing Development Authority COVID-19 Housing Resources Information

Illinois Department of Commerce & Economic Opportunity Emergency Resources for Businesses

April 7, 2020
Chicago Mayor Issues Executive Order Ensuring Economic Assistance Provided by City Extends to Immigrants, Refugees

March 30, 2020
Illinois Department of Financial and Professional Regulation Announces Series of Actions for Consumers Struggling to Pay Debt and Guidance for Regulated Financial Sectors

Illinois Department of Financial and Professional Regulation Guidance to Illinois Banks and Credit Unions Regarding Support for Consumers and Businesses

Illinois Department of Financial and Professional Regulation Guidance to Illinois-Licensed Mortgage Servicers and Exempt Mortgage Servicers Urging Support for Borrowers, Including 90-Day Forbearance and Offering Loss Mitigation Options

Illinois Department of Financial and Professional Regulation Guidance to Illinois-Licensed Student Loan Servicers Regarding Federal Student Loan Interest Waivers and Administrative Forbearances

Illinois Department of Financial and Professional Regulation Guidance to Illinois-Licensed Debt Collection Agencies and Debt Buyers

Illinois Department of Financial and Professional Regulation Credit Union Questions and Answers

March 27, 2020
Chicago Mayor Lightfoot, Department of Housing and Family Independence Initiative Launch COVID-19 Housing Assistance Grant Program

March 18, 2020
Chicago Mayor Announces Temporary Suspension of Debt Collection

See also Illinois Department of Financial and Profession Regulation List of Resources for Illinois Residents and Licensees Impacted by Coronavirus Disease 2019

Indiana

April 3, 2020
Indiana State Depository Division Suspends All New Examination Activity until April 26

March 20, 2020
Indiana Announces Foreclosure and Eviction Moratorium

Indiana AG Encourages Consumers to File Foreclosure Complaints

Iowa

April 2, 2020
Iowa Governor Extends Foreclosure and Eviction Suspension

March 23, 2020
Iowa Division of Banking announces suspension of various banking regulations

March 22, 2020
Iowa Governor announces suspension of foreclosures on residential, commercial, and agricultural real property

Kansas

March 23, 2020
Kansas Executive Order to temporarily prohibit evictions and foreclosures

See also Kansas Insurance Department COVID-19 FAQs

Kentucky

March 25, 2020
Kentucky Governor Issues Executive Order Suspending Evictions

March 20, 2020
Kentucky Governor Halts Evictions

March 13, 2020
Kentucky Supreme Court issues emergency order restricting court activity

Louisiana

April 1, 2020
Louisiana Governor Announces Financing Assistance Programs

March 26, 2020
Louisiana Governor announces suspension of provisions of Business Corporation Act

March 18, 2020
Louisiana Governor suspends all legal deadlines

Maine

April 16, 2020
Maine Governor Unveils Actions to Protect Housing for Maine People Amidst COVID-19 Pandemic

April 6, 2020
Maine Governor Encourages Maine Small Businesses to Apply to Federal Paycheck Protection Program

March 19, 2020
The Finance Authority of Maine (FAME) is partnering with the U.S. Small Business Administration (SBA) and local Maine lenders to offer special, limited time loans and loan insurance to eligible Maine businesses affected by COVID-19

Finance Authority of Maine COVID-19 Relief Lender Insurance Program

Finance Authority of Maine COVID-19 Relief Loan Programs

Massachusetts

June 11, 2020
Community Banks and Credit Unions Step Up to Help Small Businesses

May 27, 2020
Massachusetts AG’s Office Awards $500,000 to Provide Relief to Small Businesses During COVID-19 Pandemic

May 14, 2020
Massachusetts AG Calls on Division of Insurance to Lower Auto Insurance Rates for Businesses During COVID-19 Pandemic

April 24, 2020
Massachusetts AG Announces New Efforts to Protect Small Businesses

April 23, 2020
Massachusetts AG Calls on Federal Government to Provide a Long-Term Solution for Homeowners Affected by COVID-19

April 22, 2020
Baker-Polito Administration Division of Banks Joins Multistate Initiative to Provide Relief to Massachusetts Student Loan Borrowers

April 21, 2020
News Consumer Advisory: Private Student Loan Relief Announced for Massachusetts Borrowers

April 20, 2020
Massachusetts Gov. Baker Signs Law Providing for Moratorium on Evictions and Foreclosures

April 16, 2020
Massachusetts AG’s Office Announces New Grant Program and Partnership to Provide Relief for Small Businesses During COVID-19 Pandemic

April 14, 2020
Massachusetts AG Calls on Division of Insurance to Lower Auto-Insurance Premiums

April 13, 2020
Massachusetts AG to Debt Collectors: COVID-19 Stimulus Payments Are Off Limits

April 11, 2020
Massachusetts Governor Hopes for Eviction Moratorium Bill in Days

April 6, 2020
Massachusetts DOB Industry Guidance Re: SBA’s Paycheck Protection Program and Legal Lending Limits

April 3, 2020
Massachusetts AG Healey Calls on U.S. Department of Veterans Affairs to Suspend All Claims Deadlines and Debt Collection During COVID-19 Pandemic

March 31, 2020
Massachusetts Senate Passes Housing Security Bill to Provide Temporary Security to Homeowners and Renters

March 27, 2020
AG’s Office Issues Emergency Regulation to Protect Consumers from Harmful Debt Collection Practices During Covid-19 Emergency

March 26, 2020
Massachusetts AG Healey Calls on U.S. Department of Education to Implement Additional Protections for Students During COVID-19 Emergency

March 25, 2020
Massachusetts State Senate Proposes COVID-19 Homeowner Protection Act

March 16, 2020
Massachusetts DOB Statement on Financial Institutions Working with Customers Affected by the Coronavirus and Regulatory Assistance

Massachusetts Legislature Issues Declaration Providing a Moratorium on Evictions and Foreclosures

March 9, 2020
FFIEC Highlights Pandemic Preparedness Guidance

Maryland

May 18, 2020
Maryland Issues Guidance On Furnishing Student Loan Information During COVID-19

May 11, 2020
Maryland Permits Collection Agencies to Cease Operations

April 30, 2020
Maryland Advises That Debt Collectors Cannot Seize CARES Act Stimulus Payments

April 28, 2020
Maryland AG Joins Multistate Coalition for Consumer Credit Protection

April 23, 2020
Maryland AG Urges Federal Officials to Help Affected Homeowners

April 17, 2020
Maryland Issues Guidance Concerning Legal Lending Limits for Banks and Credit Unions

April 13, 2020
Maryland Introduces New System to Submit Notices of Intent to Foreclose

April 6, 2020
Maryland Suspends Residential Foreclosures

Maryland Orders Suspension of All Self-Help Repossessions

March 30, 2020
Maryland Authorizes Remote Notarization

March 27, 2020
Maryland Encourages Consumer Creditors to Mitigate Impact of COVID-19 on Borrowers

March 26, 2020
Maryland Joins Coalition of 27 Attorneys General Calling on DOE for Emergency Student Debt Relief

March 24, 2020
Maryland Encourages Mortgage Servicers to Mitigate Impact of COVID-19 on Borrowers

March 19, 2020
Maryland Encourages Financial Institutions to Mitigate Impact of COVID-19 on Consumers

March 18, 2020
Maryland Courts Place New and Pending Foreclosures on Hold

March 13, 2020
Maryland Provides Emergency Preparation Guidance to Mortgage Brokers, Lenders and Servicers

Maryland County Recording Offices Impacted by COVID-19

Michigan

May 1, 2020
Michigan AG Fighting to Protect Michiganders’ Credit During Coronavirus Pandemic

April 29, 2020
Michigan AG Calls on Feds to Help Homeowners Affected by COVID-19 

April 23, 2020
Michigan Governor and Michigan’s Financial Institutions Agree to Partnership for Providing Borrowers 90-day Mortgage-Payment Forbearance

April 16, 2020
Court Order Supports Compliance with Federal Ban on Evictions and Foreclosures

April 14, 2020
Michigan AG and Coalition of Attorneys General Call on CFPB to Protect Consumers’ Credit During COVID-19 Pandemic

April 13, 2020
Michigan Offers Insurer Flexibility Due to COVID-19

Michigan Requiring Auto Insurance Refunds Due to COVID-19

April 9, 2020
Michigan Governor issues executive order encouraging the use of electronic signatures and remote notarization, witnessing, and visitation during the coronavirus pandemic.

March 18, 2020
Michigan Governor Signs Executive Order Extending Tax Foreclosure Deadline

Minnesota

May 18, 2020
Minnesota Commerce Commissioner Shares Consumer Guide on Mortgage Relief Options

May 4, 2020
Minnesota Governor Signs Executive Order on COVID-19 Exempting COVID-19 Relief Funds from Being Automatically Intercepted by Creditors and Debt Collectors

April 30, 2020
Minnesota Commerce Department Encourages Additional Safeguards for Property and Casualty Insurance Customers

April 29, 2020
Minnesota AG Sues to Protect Tenant from Illegal Eviction

April 22, 2020
Minnesota House Division Advances $100 Million in Emergency Housing Assistance

April 17, 2020
Minnesota AG Files Another Lawsuit to Protect Tenants from Forced Removal During COVID-19 Pandemic

April 10, 2020
Minnesota AG Sues Landlord for Illegally Forcing Tenant to Vacate During COVID-19 Pandemic

April 7, 2020
Minnesota AG Wins Halt to Illegal Removal of Tenants During Emergency

April 3, 2020
Minnesota AG Enforces Executive Order Prohibiting Eviction During COVID-19 Pandemic

March 26, 2020
Minnesota Department of Commerce Clarifies that Financial Institutions Are Labeled as Critical

Minnesota House Passes COVID-19 Relief Bill with Student Debt Relief

March 24, 2020
Minnesota AG Announces the State will Enforce Executive Order Suspending Evictions during COVID-19

March 23, 2020
Minnesota Governor Signs Executive Order Suspending All Evictions

Mississippi

 

Missouri

April 30, 2020
Missouri Governor Highlights Housing Assistance Programs

March 18, 2020
Missouri Governor Announces Access to SBA loans

Montana

May 22, 2020
Montana Governor Announces Montana Unemployment Rate of 11.3% in April

Montana Supreme Court Issues Changes to Residential Eviction Limitations under May 19 Directive

May 15, 2020
Montana AG Announces New Mortgage Payment Deferral Option for Homeowners

May 5, 2020
Montana Governor Announces $123 Million Available in Emergency Grants to Support Homeowners, Renters, Small Businesses, Public Services

April 23, 2020
Montana AG Recommends Actions to Help Homeowners to FHFA and HUD

April 13, 2020
Montana Governor Announces Emergency Rental Assistance Program for Households Experiencing Substantial Financial Hardship

Montana Department of Commerce Business Assistance Recovery Resources

April 13, 2020
Montana Governor Extends Limits on Evictions, Foreclosures, and Disconnections from Services, Authorizes Low-Income Housing Assistance Fund

April 10, 2020
Montana Association of Realtors’ COVID-19 Guidance on Home Showings, Evictions, Foreclosures

April 9, 2020
Montana AG Urges Federal Government to Include Small Businesses with Gambling Revenue in CARES Act Relief

April 7, 2020
Montana Governor Extends Directive Providing Measures to Limit Foreclosures, Evictions, and Disconnections from Service through April 24, 2020

Montana Department of Administration Division of Banking and Financial Institutions’ FAQ Regarding Measures to Limit Foreclosures

April 6, 2020
Montana Governor Coronavirus Issues FAQs

April 1, 2020
Montana Governor Announces Protections to Lessen Financial Hardships on Consumers by Stopping Evictions and Foreclosures

Montana Bankers Association Statement in Support of Governor’s Efforts to Stop Evictions and Foreclosures

March 24, 2020
Montana Department of Administration Adopts Temporary Emergency Rule Extending Time for Mortgage Servicers to File Quarterly Report

March 20, 2020
Montana Department of Commerce Issues Guidance on Mortgage Servicing

Montana Department of Administration: Division of Banking & Financial Institutions Statement on Credit Unions Working with Members Affected by Coronavirus

March 16, 2020
Montana Department of Administration: Division of Banking & Financial Institutions Statement on Financial Institutions Working with Customers Affected by Coronavirus

See also Montana Department of Administration Division of Banking & Financial Institutions Resources and Response to COVID-19

See also Montana Division of Banking and Financial Institutions COVID-19 Financial Resources

Nebraska

March 25, 2020
Nebraska Governor Ricketts’ order postpones evictions for residents impacted by COVID-19

Nevada

May 1, 2020
Nevada Governor Signs Directive to Protect Nevadans from Garnishment of COVID-19 Related Funds

April 14, 2020
Nevada AG Joins 24 Other AGs to Urge Treasury Department to Protect Stimulus Funds from Creditors

April 8, 2020
Nevada Governor Announces Expansion of Social Distancing Emergency Directives, Including Real Estate Open Houses

April 7, 2020
Nevada AG Announces $2 Million in Funding for Emergency Rental Assistance

March 20, 2020
Nevada Department of Business and Industry Financial Institutions Division Finds Collection Agencies to Be Non-Essential

March 17, 2020
Nevada Governor Announces Las Vegas Justice Court Is Suspending All Evictions

Nevada Department of Business and Industry Financial Institutions Division Issues Guidance on Working with Customers Affected by the Coronavirus

New Hampshire

May 15, 2020
New Hampshire Governor Announces $595 Million in New Recovery Funds, Including $30 Million Business Finance Authority Safe Harbor Forgivable Loans

May 1, 2020
New Hampshire Governor Extends Closure of Non-Essential Businesses, Stay-At-Home Order

New Hampshire Governor Announces Modified Stay-at-Home Order in Effect Until May 31

April 20, 2020
New Hampshire Governor Announces Economic Re-Opening Task Force

April 7, 2020
New Hampshire Insurance Department Approves Plan Submitted by Allstate to Reduce Auto Insurance Premiums for State Policyholders by 15%

April 3, 2020
New Hampshire Governor Issues Clarification on Temporary Prohibition on Evictions and Foreclosures Emergency Order

New Hampshire Governor Issues Emergency Order Giving Municipalities Option to Offer Blanket Abatement of Interest for Late Property Tax Payments, Applying Temporary Prohibition on Foreclosures to Late Payment of Property Taxes

New Hampshire Banking Department: Guidance on Paycheck Protection and Legal Lending Limit

March 31, 2020
New Hampshire Banking Department FAQ’s on Mortgage Foreclosures

March 17, 2020
New Hampshire Department of Health Temporarily Prohibits Evictions and Foreclosures

March 13, 2020
New Hampshire Banking Department Letter to Licensed Financial Service Institutions

New Hampshire Banking Department Letter to Chartered Banks, Credit Unions, Trust Companies

See also New Hampshire Banking Department FAQs on Mortgage Foreclosures during COVID-19

New Jersey

April 21, 2020
New Jersey Announces Expansion of Payment Relief for Student Loan Borrowers

March 20, 2020
New Jersey Banking Division Encourages Industry to Assist Affected Consumers

March 19, 2020
New Jersey DBI Announces No-Action Position Regarding Mortgage Lenders Temporarily Working Remotely

New Mexico

April 6, 2020
New Mexico Announces Licensed Small Loan Companies Are Not Essential Businesses

March 26, 2020
New Mexico Encourages Business to Donate to New Statewide Fund in Response to COVID-19

March 24, 2020
New Mexico Announces Eviction Moratorium

New York

June 17, 2020
New York Offers Free Credit Reports to Impacted Consumers

June 12, 2020
New York Extends Affected Mortgage Servicers’ Obligation to Provide Periodic Statements Pursuant to State Law

April 24, 2020
New York Urges 35 Mortgage Servicers to Provide Substantial COVID-19 Relief for Homeowners

April 17, 2020
New York Issues Renewed Guidance Suspending State Debt Collection

April 16, 2020
New York DFS Announces Temporary Regulatory Relief for Financial Institutions

April 13, 2020
New York DFS Issues Cybersecurity Guidance

April 8, 2020
New York DFS Criticizes OCC Proposal to Revise CRA

April 7, 2020
New York DFS Obtains Relief for 300,000 NY Student Loan Borrowers, Including COVID-19-Specific Relief

New York Issues Guidance to Student Loan Servicers Regarding Affected Borrower Support

April 5, 2020
New York Issues Community Development Financial Institution Guidance

March 30, 2020
New York Mandates Deferrals of Insurance Premium Payments

March 26, 2020
New York Joins Coalition of 27 Attorneys General Calling on DOE for Emergency Student Debt Relief

March 24, 2020
New York Requires 90-Day Mortgage Forbearance for COVID-19 Hardship

March 20, 2020
New York Halts Foreclosures and Evictions for 90 Days

March 19, 2020
New York Urges Financial Institutions to Take “Reasonable and Prudent Actions” to Assist Consumers Affected by COVID-19

New York Urges Mortgage Servicers to Take Assist Borrowers Affected by COVID-19

March 17, 2020
New York Temporarily Suspends State Debt Collection

March 12, 2020
New York DFS Grants Temporary Relief to Financial Institutions Affected by COVID-19

March 10, 2020
New York Issues Emergency Preparedness Guidance to Financial Institutions

New York Urges Banks, Credit Unions, and Lenders to Assist Affected Small Businesses

New York Issues Guidance Regarding Potential Financial Risks to Financial Institutions

New York Issues Guidance Regarding Virtual Currency

North Carolina

May 30, 2020
North Carolina Implements a Moratorium on Evictions

May 7, 2020
North Carolina AG Joins 23 State AGs Urging Congress to Strengthen Paycheck Protection Program (PPP)

May 6, 2020
North Carolina AG Shares COVID-Related Student Lending Resources

May 4, 2020
North Carolina Passes COVID-19 Bill that Includes $125 Million in Small Business Loans

May 1, 2020
North Carolina AG Joins Coalition of 26 State AGs Urging HUD to Protect Seniors Homes During COVID-19 Pandemic

April 28, 2020
North Carolina AG Joins Coalition of 22 State AGs Outlining Commitment to Enforce Consumer Credit Protections During COVID-19 Crisis

April 23, 2020
North Carolina AG Joins Coalition of 35 State AGs Urging FHFA and HUD to Take Additional Steps to Protect Homeowners

April 20, 2020
North Carolina AG Issues Statement Urging Debt Collectors not to Garnish COVID-19 Recovery Checks

April 13, 2020
North Carolina Joins Coalition of State AGs Urging the CFPB to Enforce FCRA Amendment

North Carolina Joins Coalition of State AGs Urging the Treasury Department to Prevent Garnishment of CARES Act Relief

March 31, 2020
North Carolina Halts New Eviction Proceedings until April 17 and Urges Banks and Lenders to Mitigate Consumer Hardships Caused by COVID-19

March 26, 2020
North Carolina Suspends Collection Efforts of State Debts

March 13, 2020
North Carolina Postpones Non-Essential Court Proceedings Including Evictions and Foreclosures

North Dakota

March 26, 2020
North Dakota Supreme Court halts eviction proceedings in response to Coronavirus

March 24, 2020
North Dakota Announces Student Loan Debt Relief

See North Dakota Resources for Businesses and Employers

See North Dakota COVID-19 FAQs

Ohio

April 23, 2020
Ohio AG, Other AGs Recommend Help for Homeowners Affected by COVID-19 Pandemic

April 21, 2020
COVID-19 Update: FDA Reagent Approval, Testing Strike Team, Fair Wavier, JobsOhio Banking Partnership, Dividend Checks

April 13, 2020
Ohio AG Warns Debt Collectors: Stimulus Checks Protected by Ohio Law

March 22, 2020
Ohio State Legislature Introduces Eviction and Foreclosure Moratorium Bill

March 19, 2020
Ohio Chief Justice Urges Local Courts To Put Evictions On Hold

Oklahoma

May 13, 2020
Oklahoma Governor Vetoes Legislature’s Proposed FY2021 Budget

May 1, 2020
Oklahoma Supreme Court Issues Order Regarding Temporary Pleading Requirement for Residential Evictions

April 13, 2020
Oklahoma Employment Security Commission Employer FAQs on Unemployment Insurance and COVID-19

April 9, 2020
Oklahoma Governor Signs Two Bills Authorizing Use of Treasury’s Revenue Stabilization Fund to Fund State Government Through April 2020

April 6, 2020
Oklahoma Housing Finance Agency Announces Resumption of Down Payment Assistance Programs and Housing Choice Voucher Program

March 27, 2020
Oklahoma AG’s Consumer Protection Unit to Work with US AG to Combat Consumer Fraud

See also Oklahoma Banking Department FAQ from Financial Institutions Affected by COVID-19

Oregon

April 24, 2020
Oregon Governor Statement on Coronavirus Relief Fund Guidelines

Oregon Department of Consumer and Business Services Extends Emergency Order for Insurance Deadlines

April 17, 2020
Oregon Governor Issues Order Exempting CARES Act Funds from Garnishment

April 1, 2020
Oregon Governor Brown Issues 90-day Commercial Eviction Moratorium

March 25, 2020
Oregon Department of Consumer and Business Services Orders Insurance Companies to Extend Deadlines

March 22, 2020
Oregon Governor Issues Executive Order Placing Moratorium on Residential Evictions for 90 Days

Pennsylvania

March 18, 2020
Pennsylvania Supreme Court declares judicial emergency, suspends evictions

Rhode Island

March 19, 2020
Rhode Island Governor Suspends Eviction Processing During Crisis

South Carolina

May 12, 2020
South Carolina Supreme Court Certification of Compliance with CARES Act for Foreclosures

May 6, 2020
South Carolina Supreme Court Orders Any Party Pursuing Eviction or Foreclosure to Submit CARES Act Certification of Compliance

May 1, 2020
South Carolina Governor to Lift Work-or-Home Order May 4

South Carolina Supreme Court Issues Order Regarding Attorney Participation in Closings of Real Estate Transactions

April 30, 2020
South Carolina Supreme Court Orders All Currently Scheduled Evictions to Resume May 15

April 20, 2020
South Carolina Governor Announces Creation of Coordinated Economic Revitalization Plan: accelerateSC

April 15, 2020
South Carolina Department of Commerce Small Business Resources

April 13, 2020
South Carolina Department of Consumer Affairs Guidance on COVID-19 Student Loan Relief

South Carolina Department of Consumer Affairs Guidance on COVID-19 Mortgage Relief Options

April 9, 2020
South Carolina Department of Consumer Affairs Guidance on Mortgage Relief Options

South Carolina Department of Consumer Affairs Guidance on Reservation Refunds

South Carolina Department of Consumer Affairs Guidance on Student Loan Relief

April 3, 2020
South Carolina State Board of Financial Institutions Issues Temporary Operational Instruction Allowing 30-Day Grace Period for 2020 Call Report Submissions

March 31, 2020
South Carolina Judicial Branch Establishes Website for Coronavirus-Related Updates

March 23, 2020
South Carolina Department of Consumer Affairs Modified Deadlines for Mortgage Log Filing, Credit Counseling Annual Report

March 20, 2020
South Carolina Supreme Court Issues Order Temporarily Prohibiting Evictions and Foreclosures

March 18, 2020
SC State Board of Financial Institutions: Consumer Finance Division Interim Regulatory Guidance Extending Mortgage Origination and Servicing Company 2019 Mortgage Log Filing Deadline to June 1

March 13, 2020
SC Department of Consumer Affairs Interim Regulatory Guidance Extending Mortgage Origination and Servicing Company 2019 Mortgage Log Filing Deadline to June 1

South Dakota

March 24, 2020
SD Bankers Association Message to Member Banks Regarding COVID-19 Developments

March 26, 2020
South Dakota Bankers Association Announce Member COVID-19 Conference Call to Take Place on Friday March 27

March 12, 2020
South Dakota Division of Banking Issues Pandemic Planning Memo to State Chartered Banks

Tennessee

March 26, 2020
Tennessee Courts Halt Evictions Through April 30, 2020

March 17, 2020
Pandemic Planning for State Banks, Credit Unions, and Public Trust Companies

March 17, 2020
Deputies won’t serve eviction notices in Nashville until further notice

Texas

March 30, 2020
Texas Issues Business Continuity Guidance to Banks

March 20, 2020
Texas Permits Licensed Mortgage Loan Originators Working Remotely

March 16, 2020
Texas Advises Financial Institutions to Help Impacted Borrowers Repay Debts

March 13, 2020
Texas Issues Temporary No-Action Guidance Regarding Certain Licensed Activity at Unlicensed Locations

Utah

April 3, 2020
Utah AG Urges the VA to Suspend Deadline & Collection Activities for Veterans During COVID-19 Pandemic

April 1, 2020
Utah Governor Issues Executive Order Temporarily Banning Residential Evictions

Virginia

April 28, 2020
Virginia AG Fights to Protect Consumer Credit During COVID-19

April 23, 2020
Virginia AG Calls on Trump Administration to Further Help Homeowners Affected by Covid-19

April 22, 2020
Virginia General Assembly Approves Accelerated Effective Date for Consumer Lending Reforms

April 13, 2020
Virginia AG Calls on CFPB to Protect Consumers’ Credit During COVID-19 Pandemic

Virginia AG Urges Trump Administration to Ensure Emergency Stimulus Payments Go to Families, Not Debt Collectors

March 26, 2020
Virginia AG Fights for Emergency Relief for Federal Student Loan Borrowers in Response to Coronavirus Pandemic

March 17, 2020
Virginia Supreme Court Issues Temporary Eviction Moratorium

Vermont

April 21, 2020
Vermont AG Issues Directive Protecting Stimulus Checks from Debt Collection and Urging Banking Community to Suspend Collection Activity

Vermont Governor and Department of Financial Regulation Announce Student Loan Relief for Borrowers Not Covered by CARES Act

April 14, 2020
Vermont Agency of Commerce and Community Development Establishes Economic Mitigation and Recovery Task Force

April 10, 2020
Vermont Department of Financial Regulation Issues Clarifications on Paycheck Protection Program Loans

Vermont Senate Passes Moratorium on Evictions and Foreclosures During COVID-19 Emergency

April 7, 2020
Vermont DFR Approves Allstate’s Plan to Refund Auto Insurance Premiums During Stay-at-Home Stay-Safe Order

March 26, 2020
Vermont Department of Financial Regulation Encourages Financial Institutions to Promote Remote Transactions

March 16, 2020
Vermont Department of Financial Regulation Urges Vermont Financial Institutions to Work with Customers Affected by COVID-19

Washington

April 29, 2020
Washington’s DFI Releases Spring 2020 Update

April 16, 2020
Washington Governor Expands Eviction Moratorium

Washington’s DFI Recommends Liquidity Support for Mortgage Servicers

April 7, 2020
Washington Governor Announces Additional Small Business Assistance

March 31, 2020
Washington Governor and DFI announce mortgage payment assistance

March 20, 2020
Washington’s DFI urging mortgage servicers to help homeowners

March 14, 2020
Seattle Issues Temporary Eviction Moratorium

Wisconsin

March 27, 2020
Wisconsin Governor Issues Temporary Ban on Evictions and Foreclosures

West Virginia

March 13, 2020
West Virginia Division of Financial Institutions Temporary Work-From-Home Guidance

Wyoming

April 1, 2020
Wyoming State Banking Commission Issues Statement: Wyoming Banks Remain Strong

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FINANCIAL INSTITUTIONS

American Express

See American Express COVID-19 Support and Financial Hardship pages.

Bank of America

March 19, 2020
BANA Offers Assistance to Consumer and Small Business Clients Impacted by COVID-19

March 17, 2020
BANA Commits $100 Million to Communities Impacted by COVID-19

BNY Melon

March 27, 2020
BNY Mellon Message re COVID-19 – Your Steadfast Partner Amid Unprecedented Disruption

March 23, 2020
BNY Mellon Message re COVID-19 – Leading Through Adversity

March 13, 2020
BNY Mellon Message to Clients re COVID-19

March 8, 2020
BNY Mellon Company News re COVID-19:  Support Through COVID-19

Capital One

See Capital One:  Assistance for Customers Impacted by the COVID-19 Virus Situation

Citibank/Citigroup

April 20, 2020
Citi’s COVID-19 Community Relief Efforts Reach Over $65 Million Globally

March 15, 2020
Citi Joins Major U.S. Banks in Suspending Stock Repurchases to Support Clients Through COVID-19

March 6, 2020
Citi Assists U.S. Customers and Small Businesses Impacted by COVID-19

Discover

May 7, 2020
Discover: Survey Finds Americans Worried About Retirement and “Rainy Day” Funds

April 3, 2020
BPI: Discover Spokesperson on Company’s COVID-19 Response

See Discover COVID-19 Response

See Discover CARES Act Overview

Goldman Sachs

April 7, 2020
David Solomon, Top Financial Services Executives, Participate in White House Conference on Small Businesses

April 3, 2020
Goldman Sachs Extends Waiver for Apple Card Payments And Interest Through April for Those Affected by COVID-19

April 2, 2020
Goldman Sachs Commits $300 Million to Support Communities and Small Business

March 16, 2020
Goldman Sachs to Let Customers Defer Apple Card, Marcus Payments

See Goldman Sachs COVID-19 Updates

JPMorgan Chase

March 23, 2020
Chase COVID-19 Update

March 18, 2020
JPMorgan Makes $50M Investment to Help Address COVID-19 Impact

March 12, 2020
Measures JPMorgan Is Taking Amidst COVID-19

MasterCard

March 30, 2020
Mastercard-sponsored Therapeutics Accelerator Awards $20 Million Grants for Covid-19 Research

March 10, 2020
Gates Foundation, Wellcome, and MasterCard Commit $125 Million to Assist in Response to COVID-19

See Mastercard COVID-19 Information for Customers

Morgan Stanley

See Morgan Stanley Perspectives on Coronavirus – Economic Risk and Response

April 6, 2020
Morgan Stanley Announces Grant to the Child Mind Institute to Support Children’s Mental Health During the COVID-19 Crisis

March 19, 2020
Morgan Stanley Announces $10M Commitment to Support COVID-19 Relief Efforts

Navient

April 24, 2020
Navient Statement on Supporting Federal and Private Student Loan Borrowers Nationwide During COVID-19 Pandemic

April 2, 2020
Navient Announces FFELP and Private Education Refinance Loan Facility Expansions

March 20, 2020
Navient Announces Programs Including Option to Postpone Payments

See also Navient Updates on COVID-19 and Your Student Loans

PNC Bank

March 25, 2020
COVID-19 Update (including hardship assistance measures)

State Street

April 14, 2020
State Street to Provide Central Banks with PriceStats Inflation Indicators to Assess Economic Impact of COVID-19 Pandemic

March 25, 2020
Global Investor Confidence Decreased in March by 4.0 Points to 74.5 Due to Covid-19

See State Street COVID-19 Resource Center

TD Bank

March 25, 2020
COVID-19 Update (including branch closings)

US Bank/US Bancorp

June 18, 2020
U.S. Bank Instant Card provides a solution for companies with remote employees needing to make purchases

June 12, 2020
U.S. Bank accepting Paycheck Protection Program applications from customers and non-customers through June 19

May 7, 2020
USBCDC finances $50 million in capital to CDFIs to help small businesses impacted by COVID-19

May 5, 2020
More than 75,000 small businesses secure Paycheck Protection Program loans through U.S. Bank

April 13, 2020
U.S. Bank transforms and expedites annual Market Impact Fund to help local nonprofits respond to immediate COVID-19 needs

April 9, 2020
US Bank Update on SBA Paycheck Protection Program

April 8, 2020
A Message from US Bank Chairman, President and CEO Andy Cecere

April 3, 2020
Statement on SBA Paycheck Protection Program

March 31, 2020
US Bank Offers to Suspend Mortgage Payments for 180 Days

March 28, 2020
US Bank and others offer mortgage-payment forbearances of up to 90 days for New Jersey homeowners

March 26, 2020
Four Big Banks Have Agreed to 90-Day Grace Period for Mortgage Payments for Californians

March 23, 2020
US Bank announces 20% Premium Pay Program for Employees and $30M Commitment to Support Individual and Small Business Recovery

March 14, 2020
US Bank COVID-19 Information

Wells Fargo

May 14, 2020
Wells Fargo Announces Efforts to Keep People Housed in Response to COVID-19

April 16, 2020
Statement from Wells Fargo on the Paycheck Protection Program

April 5, 2020
Wells Fargo Receives Strong Interest in the Paycheck Protection Program (PPP)

March 20, 2020
Wells Fargo Announces Aid for Customers and Communities Impacted by COVID-19

Visa

April 23, 2020
Managing Disputes Through COVID-19: Government Prohibition and Dispute Processing Guidelines

April 14, 2020
Visa Guidance and Information on Programs and Support for Managing Disputes through COVID-19

Visa Frequently Asked Questions for Managing Disputes through COVID-19

Visa Updated Acceptance, Disclosure, and Dispute Policies for Transactions at Merchants Offering Free Trials or Discounted Introductory Promotions

April 10, 2020
Visa’s 2020 Visa Everywhere Challenge Asks: How Would Your Startup Help Small Businesses Recover from COVID-19?

April 7, 2020
Visa Back to Business Database: COVID-19 Business Locator

Visa: Overview on Merchant Options for Reducing Cardholder Interaction During COVID-19

Visa Foundation Doubles Down on Efforts to Advance Small Businesses and Women Entrepreneurs During COVID-19

April 6, 2020
Visa COVID-19 Response Webpage

March 27, 2020
Visa: Managing Disputes Through COVID-19: Programs, Best Practices and FAQs to Help Clients

March 26, 2020
Visa Operational Business Response to COVID-19

March 24, 2020
Visa Infographic: How to Spot Phishing Scams During COVID-19

March 22, 2020
Visa Voices Support for Raising Contactless Payments Limits in Europe

February 19, 2020
Visa: 2020 U.S. Economic Forecast and Coronavirus

See Visa Concierge Update

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TRADE ASSOCIATIONS

American Bankers Association (ABA)

June 18, 2020
Powell: COVID-19 Affecting Availability of Coins for Banks

June 17, 2020
FHFA Extends Foreclosure, Eviction Moratorium for GSE-Backed Mortgages

SBA Streamlines PPP Forgiveness Application for Many PPP Borrowers

June 16 ,2020
Powell: Main Street Lending Facility to Open ‘Within a Week or So’

June 12, 2020
ABA Data Bank: 7 in 10 Small Businesses Nationally Have Received PPP Loans

May 29, 2020
House Republicans Call for Streamlined PPP Forgiveness Application

May 28, 2020
House Advances Bill Providing Flexibility for PPP Borrowers

May 27, 2020
OCC Rule Clarifies Virtual Meeting Options for National Banks, Federal Thrifts

May 26, 2020
ABA Joins Consumer, Banking Groups in Support for Bill to Prevent Garnishment of Economic Impact Payments

May 20, 2020
As Bankers Await Release of PPP Form 1502, SBA Extends Submission Deadline

May 19, 2020
Powell, Mnuchin: MSLP to Be Operational by End of May

Atlanta Fed’s Bostic: Examiners Will Not Second-Guess Banks’ Emergency Actions

May 18, 2020
Powell: Fed Could Further Tweak Main Street Lending Program ‘As We Learn More’

Agencies Allow Temporary SLR Exclusion for Treasury Securities, Reserve Bank Deposits

May 15, 2020
SBA Releases Borrower Application, Instructions for PPP Loan Forgiveness

May 14, 2020
SBA: Lender Review May Be Required for Certain PPP Loans

FHFA Extends Foreclosure, Eviction Moratoriums for GSE-Backed Mortgages

May 13, 2020
GSEs to Offer New Payment Deferral Option for Mortgage Borrowers

CFPB to Offer Flexibility for Creditors Working to Resolve Billing Errors During Pandemic

May 12, 2020
SBA Announces Safe Harbor for PPP Borrowers with Loans for Less than $2M

FDIC Proposes Rule to Facilitate Bank Participation in PPP, Money Market Facilities

McWilliams: Banks Should Rely on Borrower Certifications When Making PPP Loans

May 8, 2020
SBA Codifies Extensions for PPP Safe Harbor, Form 1502 Filing

ABA Data Bank: PPP Loans Reach Nearly Half of all Small Business Establishments in each State

Banking in the Time of Coronavirus

May 7, 2020
ABA Urgently Calls for PPP Loan Forgiveness Guidance

May 6, 2020
Agencies Extend Resolution Plan Deadlines for Certain Firms

CFPB Compliance Aid Clarifies ECOA Notification Obligations for PPP Loans

SBA: Paycheck Protection Program Round Two Lending Tops $181B

May 5, 2020
Agencies Provide Relief for Banks Participating in PPP, Money Market Liquidity Facilities

FHFA to Provide Additional Loan Origination Flexibility

May 3, 2020
SBA: $175 Million in Loans Made in Second Round of PPP Funding

ABA Data Bank: Banks of All Sizes Continue Making PPP Loans in Second Round of Funding

Senators: PPP Borrowers Need Information on Loan Forgiveness

SBA Issues Procedures for PPP Whole Loan Sales

May 1, 2020
ABA, State Associations to Congress: Include ECORA Act in Next Relief Package

April 30, 2020
Fed Expands PPP Liquidity Facility’s Eligible Participants, Collateral

Bipartisan Letter Urges SBA to Reserve Funds for Regular 7(a) Loans

Fed Expands Scope of ‘Main Street’ Program with ABA-Urged Changes

SBA Limits PPP Funds for Corporate Groups to $20 Million

SBA to Audit PPP Loans Above $2 Million

CFPB Announces Relief From TRID, Reg Z Waiting Periods

960,000 PPP Loans Made Through Wednesday Afternoon

April 29, 2020
Fed to Hold Rates Near Zero; ‘Very Close’ to MSLP Term Sheet Release

SBA to Reserve PPP Loan Processing Time Today for Smaller Banks

SBA Clarifies PPP’s 10-Day Disbursement Window, Fee Payments

Bank, Credit Union Groups Call for SBA to Resolve E-Tran Problems

April 28, 2020
Mnuchin: SBA to Review PPP Loans Over $2M

CFPB Asks FCC to Facilitate COVID-19-Related Calls

April 26, 2020
SBA Announces Measures Aimed at Smoothing Operations Ahead of Paycheck Protection Program (PPP) Restart

April 25, 2020
SBA Issues Guidance on Calculating Max PPP Loan Size

April 24, 2020
SBA to Resume Taking PPP Applications on Monday at 10:30 a.m. EDT

ABA, Consumer Group Ask FCC to Provide Immediate Relief to Facilitate COVID-19-Related Calls

New SBA Rule Clarifies PPP Borrower Eligibility

April 23, 2020
FHFA: FHLBs May Purchase PPP Loans as Collateral for Advances

SBA Addresses PPP Applications from Companies with Access to Capital

April 22, 2020
ABA Urges House Leaders to Approve Additional Paycheck Protection Program Funding

OFAC Encourages Banks to Communicate Promptly About COVID-19 Reporting Delays

FHFA to Purchase Qualified Loans in Forbearance

April 21, 2020
Senate Clears $320B in Additional Funding for Paycheck Protection Program

FHFA to Limit Servicers’ Payment Advancement Obligations to MBS Investors Due to Pandemic

ABA Joins Broad Coalition Seeking Clarity on Garnishment of Economic Impact Payments

April 20, 2020
Fed Officials Provide Additional Clarity on Paycheck Protection Program Liquidity Facility 

Senators Urge SBA to Allow E-Tran Submissions for PPP Loans During Funding Lapse

April 19, 2020
Nichols: Delaying More PPP Funds Risks ‘Irreparable’ Harm to Small Businesses

SBA: PPP Loan Sales Retain Guaranty, Do Not Require SBA Approval

April 17, 2020
Fed Makes Temporary Rule Change to Facilitate PPP Loans to Bank Directors, Shareholders

SBA Report: 1.66 Million PPP Loans Made As of April 16

April 16, 2020
Crapo Seeks Clarity from Fed, Treasury on Several Coronavirus Relief Initiatives

PPP Funds Exhausted; SBA No Longer Accepting Loan Applications

Fed’s Paycheck Protection Program Facility Is Up and Running

ABA, Groups Call on Congress to Shield Economic Impact Payments from Garnishment

SBA to Stop Accepting PPP Applications Once $349B Limit Reached

April 15, 2020
State Bankers Associations Urge Congress to Increase PPP Funding

FHFA, CFPB Announce Information Sharing to Facilitate COVID-19 Mortgage Relief

April 14, 2020
ABA, Banking Trades Urge Congress to Increase PPP Funding

SBA Report: $248B of PPP Funds Allocated as of April 13

SBA Provides Much-Sought Guidance on PPP Loans for Self-Employed, Independent Contractors

April 13, 2020
SBA, Treasury Clarify Beneficial Ownership Requirements for PPP Loans

CNBC Story Spotlights Banks’ Efforts to Complete PPP Loans

ABA Asks FCC to Provide Immediate Relief to Facilitate COVID-19-Related Calls

Lawmakers Call for Flexibility on PPP’s 10-Day Disbursement Rule

April 12, 2020
ABA Data Bank: Paycheck Protection Program Loans Total $205 Billion

Ginnie Mae Expands Pass-Through Assistance Program to Prevent Liquidity Shortfalls

Nichols to Small Businesses: Reach Out to Your Lender for Coronavirus Assistance

April 11, 2020
SBA, Treasury Provide Guidance on Final Authorization of PPP Loans

April 10, 2020
CFPB Provides Remittance Rule Relief Through 2020

April 9, 2020
Fannie, Freddie Revise Coronavirus Servicing Guidance to Reflect CARES Act Changes

Fed Unveils $2.3 Trillion More in Lending Capacity, Details ‘Main Street’ Program

April 8, 2020
Fed to Create Lending Facility for PPP; Agencies Provide Regulatory Capital Relief

Latest SBA Guidance Clarifies PPP Funding Period, Use of Promissory Notes

Industry Groups Call for CDFI Funding in Next Stimulus Package

April 7, 2020
SBA Unveils New Lender Gateway to Facilitate PPP Loans

Agencies Update Guidance on COVID-19 Loan Modifications

Congress Moving to Allocate More Funds for PPP Loans

April 6, 2020
Regulators Offer Flexibility to Servicers Offering Mortgage Forbearance Options

April 4, 2020
Key SBA Form, Plus New ABA Resources on Paycheck Protection Program, Now Available

April 2, 2020
SBA Increases Rate, Clarifies Terms on Paycheck Protection Program Loans

FHA Announces COVID-19 Relief for Borrowers

April 1, 2020
CFPB Policy Statement Addresses Reporting of Consumer Credit Data During Pandemic

March 30, 2020
Student Debt Repayment Benefits Tax-Free Under CARES Act

March 27, 2020
Agencies Approve Early Adoption of SA-CCR, Delay of CECL Capital Phase-In

March 26, 2020
CFPB to Postpone Certain Data Collections Due to Coronavirus

Agencies Encourage Banks to Engage in Responsible Small-Dollar Lending

March 25, 2020
ABA Urges SBA to Provide Guidance to Banks on Coronavirus Relief

March 25, 2020
GSEs Announce Payment Deferral Option for Borrowers Exiting Forbearance

March 23, 2020
Coronavirus Response: Common Practices for Community Banks

March 22, 2020
ABA Emphasizes Promoting Loan Growth, Protecting Borrowers in Coronavirus Relief Bill

March 19, 2020
ABA Releases New Coronavirus Resources for Banks

FDIC Issues Coronavirus-Related FAQs for Banks, Consumers

March 17, 2020
Banking Associations’ Letter to Senate on COVID-19 Response

American Financial Services Association (AFSA)

May 14, 2020
AFSA Efforts on Next COVID-19 Relief Package

April 24, 2020
AFSA Advocates for Expansion of SBA PPP Increases

April 22, 2020
AFSA Submits Comments to Massachusetts on Emergency Financial Hardship Legislation Urging Limitation to Situations Caused by COVID-19

April 9, 2020
AFSA Submits Comment Letter to SBA Asking that Paycheck Protection Program Permit Vehicle-Finance Lenders to Make PPP Loans

GM Financial Offers Resources to Help Consumers, Communities

April 7, 2020
AFSA to Offer May 13 Webinar on Virtual Auto Retailing in Today’s Marketplace: Economic Outlook & Digital Strategies for Lenders

April 6, 2020
AFSA Announces TD Offering Consumer Assistance and SBA and CARES Loans to Businesses

April 2, 2020
AFSA Announces Toyota Financial Services Offering Consumer Relief

April 1, 2020
AFSA Supports Fed Steps to Keep Credit Flowing

Citi Providing a Variety of Relief to Consumers

March 30, 2020
Truist Pledges $25 Million, Relief Services to Support Communities

March 25, 2020
Wells Fargo Provides Aid for Communities & Consumers

March 21, 2020
Ally Introduces Relief Package for Consumers & Communities

March 18, 2020
AFSA Member Companies Stand with Their Communities in Time of Need

Bank Policy Institution (BPI)

May 27, 2020
BPI: What Next for Capital Requirements? An Unprecedented But Not Impossible Challenge

BPI: Operational Risk and the Federal Reserve’s Stress Test: Time for a Reality Check?

BPI: Would a Serious Second Wave of COVID-19 Require Banks to Reduce Their Dividends?

May 26, 2020
BPI: Financial Times: A Ban on US Banks Issuing Dividends Would Be Bad Policy

May 22, 2020
BPI: Banks Receive ‘Go Ahead’ to Meet Consumer Small-Dollar Lending Needs

May 15, 2020
BPI: Some Thoughts on the Bank Regulatory Picture: Dividends, CECL, Buffers and the Rest

May 14, 2020
Bank Policy Institute: The Paycheck Protection Programs: Will Facts Overcome Myth?

May 13, 2020
Bank Policy Institute: Advancing Cash to Small Businesses through Banks: An Assessment of the SBA’s PPP Program to Date

May 7, 2020
Bank Policy Institute: Majority of PPP Loans Processed by Large Banks Went to Small Businesses with Fewer than 5 Employees

May 4, 2020
Bank Policy Institute: A New Path to Offering Small-Dollar Loans

May 2, 2020
May 2020 Newsletter: Relief Arrives for Small Businesses as SBA Overcomes Challenges to Clear Loan Backlog

April 25, 2020
Bank Policy Institute: April 25, 2020 COVID-19 Newsletter

April 21, 2020
Consumer, Banking Groups to Congress: Exempt Economic Impact Payments From Garnishment

April 15, 2020
Bank Policy Institute Asks Congress to Clarify Treatment of Stimulus Payments as Benefits Subject to Federal Exemption from Garnishment

April 14, 2020
Bank Policy Institute Urges Congress to Increase Paycheck Protection Program Funding

April 11, 2020
Bank Policy Institute: April 11, 2020 Newsletter

April 1, 2020
Bank Policy Institute: American Banks Have Increased Lending to American Business by $400 Billion Thus Far During COVID-19 Crisis

March 17, 2020
Banking Associations’ Letter to Senate on COVID-19 Response

March 12, 2020
Foreign Central Banks Respond to COVID-19

March 1, 2020
Actions the Fed Could Take in Response to COVID-19

See also BPI Member COVID-19 Resources

Consumer Bankers Association (CBA)

April 16, 2020
CBA Statement on Depletion of PPP Funds

April 14, 2020
CBA: Additional PPP Funds Needed for Small Businesses

March 30, 2020
Banks Working with Customers During Pandemic

March 26, 2020
CBA: Consumers Need Small-Dollar Loans, Banks Need Clarity on Rules

CBA analysis on the COVID-19 stimulus package

CBA’s COVID-19 Resource Hub

March 23, 2020
Coronavirus Resources for Banks

March 19, 2020
CBA Convid-19 CRA Consideration

March 17, 2020
Banking Associations’ Letter to Senate on COVID-19 Response

Independent Community Bankers of America (ICBA)

See ICBA Crisis Response & Preparedness

March 17, 2020
Banking Associations’ Letter to Senate on COVID-19 Response

Mortgage Bankers Association (MBA)

April 22, 2020
MBA’s President and CEO Bob Broeksmit, CMB sent a letter to members today providing an update on the latest policy developments related to COVID-19 and how the association is continuing to help its members.

March 26, 2020
MBA’s President & CEO Bob Broeksmit, CMB today sent members an update on the stimulus bill that passed the Senate on Wednesday night and is expected to be passed by the House on Friday.

March 20, 2020
MBA’s President and CEO Bob Broeksmit sent a letter to members today providing an update on recent MBA activities around the coronavirus.

March 11, 2020
MBA has created a resource page to assist our member companies as they plan and prepare for the potential impact of the coronavirus disease.

National Association of Mortgage Brokers (NAMB)

May 5, 2020
NAMB Develops Campaign to Support Financial Burden of Mortgage Brokers Due to COVID-19

March 25, 2020
NAMB Coronavirus Resources for Small Businesses

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