COVID-19 Regulatory Updates and Timeline of Activites
Since the begining of the COVID-19 pandemic, our compliance team has been monitoring government and regulatory agencies for new regulations, updates and changes that could impact our clients and solutions.
In this issue of our compliance bulletin, we provide a full timeline summarizing the almost daily events related to COVID-19 activities published by government and banking agencies from the past four months. We also share a summary of the Cares Act, passed by Congress on March 27, 2020, and outline the key areas that provided temporary relief, including:
- TDR Relief;
- CECL Delay;
- Lower Level Ratio;
- Lending Limit Waiver;
- Debt Guarantee; and
- Economic Stabilization Funding.
Download our compliance support bulletin to stay up to date on the latest regulatory compliance changes impacting your institution today.