Summary of Senate Omnibus CARES Act Posted on 2020-03-27 On March 25, 2020, the U.S. Senate voted unanimously to advance legislation entitled the “Coronavirus Aid, Relief, and Economic Security Act” (CARES Act). Read More
Employment Issues During the Fast-Changing COVID-19 Response Posted on 2020-03-26 Since March 11, U.S. employers have gone from planning for a possible pandemic to widespread voluntary self-isolation, and an increase in mandatory government restrictions to try to limit the spread of COVID-19. Read More
Agencies to Hold Interagency Webinar to Address COVID-19 Questions Posted on 2020-03-25 The federal banking agencies and state regulators have announced that they will host an interagency webinar on Friday, March 27, 2020 at 2:00 PM ET to address questions and concerns related to the March 22, 2020 interagency statement. Read More
How to Employ AI in Credit Decisioning Posted on 2020-03-24 Just as it will transform all corners of the economy, AI promises to revolutionize risk management. Read More
Weekly Update from the RMA Coronavirus Blog – March 23, 2020 Posted on 2020-03-23 The following includes information from RMA’s Coronavirus Blog, which provides market intelligence on how financial institutions are managing coronavirus risks in various ways. Read More
Moving to Dual Risk Ratings Posted on 2020-03-17 Despite the advantages of dual risk ratings, the industry has been slow to adopt them due to cost and a lack of resources. Read More
How a Pandemic Can Affect Credit Risk Posted on 2020-03-12 In a follow-up to RMA’s Risk Readiness Webinar that addressed the operational risks presented by pandemics, Joe Breeden of Prescient Models recently addressed how pandemics can affect your financial institution’s portfolio. Read More
Agencies Urge Institutions to Meet Financial Needs of Customers Affected by Coronavirus Posted on 2020-03-10 On March 9, 2020, federal financial institution regulators, along with state regulators, encouraged financial institutions to meet the financial needs of customers affected by the coronavirus. Read More
Washington, The Week Ahead - March 9-13, 2020 Posted on 2020-03-09 March 10, 2020 At 10:00 AM, the Senate Committee on Banking, Housing, and Urban Affairs will hold a hearing entitled: “The Consumer Financial Protection Bureau’s Semi-Annual Report to Congress.” Read More
Washington, The Week Ahead - March 2-6, 2020 Posted on 2020-03-02 March 4, 2020 At 10:00 AM the House Committee on Financial Services will hold a hearing entitled: “The Traffickers’ Roadmap: How Bad Actors Exploit Financial Systems to Facilitate the Illicit Trade in People, Animals, Drugs, and Weapons.” Read More