Regulators: Modifying Loans Not Considered Troubled Debt
Banks and credit unions can modify loans for borrowers affected by the coronavirus crisis without having to classify the concessions as troubled debt restructurings.
In Wake Of Wells Fargo, US Regulator Mulls Tougher Bank Sanctions
A U.S. banking regulator is considering whether to harden sanctions against lenders that abuse their clients or violate banking laws, according to a draft plan seen by Reuters that was drawn up in the wake of a scandal at Wells Fargo.
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