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OCC Releases CRA Evaluations for 16 National Banks and Federal Savings Associations

Perficient

The reviews, which can take weeks for small banks and months for large banks, assess an institution’s performance in helping to meet the credit needs of communities, including those of low or moderate-income within its assessment area. Capital One, National Association. Guaranty Bank & Trust, National Association.

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EU Ministers To Meet Via Video On Virus’ Financial Hit

PYMNTS

Mario Centeno, head of the Eurogroup of eurozone finance ministers, will head up a video conference meeting of European Union officials Monday (March 16) in an attempt to assess how to steer the economy back on track amid the coronavirus outbreak, Reuters reported. Originally, the meeting was supposed to take place in person in Brussels.

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SBA Struggling To Meet Demand For Relief Loans

PYMNTS

An old computer system and too few employees are making it hard for the Small Business Administration (SBA) to meet the high demand for coronavirus relief loans, according to a report in the New York Times on Tuesday (April 7). The daily demand for loans is more than the SBA processes in a typical year.

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Blockchain Lending Firm Figure Seeks National Bank Charter

PYMNTS

has sought a national bank charter from the Office of the Controller of the Currency (OCC), which will let it meet “promises of efficiency, affordability and financial inclusion,” according to a Friday (Nov. Financial services firm Figure Technologies, Inc. 6) announcement.

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Deadline To Return PPP Loans Is May 14 For SMBs That Don’t Meet Updated Rules

PYMNTS

That’s how much time Paycheck Protection Program (PPP) loan recipients have to return their loan if they can’t meet the updated rules from the U.S. Christopher Carlozzi, Massachusetts state director of the National Federation of Independent Business ( NFIB ), a small business trade group, told PYMNTS the government keeps moving the goalpost.

Meeting 198
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OCC Rule Clarifies Virtual Meeting Options for National Banks, Federal Thrifts

ABA Community Banking

To facilitate banks’ needs to hold meetings during the coronavirus pandemic, the OCC is issuing an interim final rule clarifying that national banks and federal thrifts may hold virtual board, shareholder and (as applicable) member meetings using remote communication tools.

Meeting 59
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Mastercard General Counsel Tapped To Chair National Urban League

PYMNTS

The world of payments has provided a new leader to the National Urban League. Murphy was elected to the post during the National Urban League’s Board of Trustees quarterly meeting in New York City. I’m honored to be a part of that mission,” Murphy said as part of the National Urban League’s announcement.

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