ABSTRACT

Bank and Credit Union Regulators' Response to COVID-19 [Updated April 20, 2020]   [open pdf - 647KB]

From the Document: "Once it became clear that the coronavirus (COVID-19) outbreak would have serious financial ramifications, the federal agencies that regulate banks and credit unions--the Federal Reserve, the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), and Consumer Financial Protection Bureau (CFPB) (collectively referred to as the bank regulators), and the National Credit Union Administration (NCUA)--responded using existing authorities in two broad ways: [1] taking measures to encourage banks to work with customers affected by COVID-19; and [2] making adjustments to bank regulation."

Report Number:
CRS Insight, IN11278
Author:
Publisher:
Date:
2020-04-20
Series:
Copyright:
Public Domain
Retrieved From:
Congressional Research Service: https://crsreports.congress.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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