CSBS is calling on key federal agencies to clarify the deadline for CARES Act mortgage protections that could expire as soon as yearend 2020. As there is no precise date for the “covered period” of Sec. 4022, state regulators are concerned that confusion around the date could affect consumers’ ability to get relief.
By CSBS Data Scientist Carlos Cordova, Senior Policy Analyst Joey Samowitz, and Senior Economist and Director of Research Thomas F. Siems, Ph.D. Community banks have been at the forefront in providing needed funds to small businesses across the country as the 2020 COVID-19 pandemic and subsequent lockdowns have severely restricted U.S. economic activity. Our analysis of the Paycheck Protection Program
The Conference of State Bank Supervisors added state usury rates to the 50-state Consumer Finance Laws Survey, a tool that gives users a clear look at similarities and differences across state compliance requirements, including applicable allowable interest rates.
Washington, D.C. – Statement from CSBS President and CEO John W. Ryan on the federal housing agencies’ affirmation of mortgage forbearance through Feb. 28, 2021: “State regulators applaud the federal housing agencies for clarifying the deadline for consumers to request forbearance under the CARES Act. This action provides clarity on the appropriate covered period. Importantly, it also gives consumers a
Washington, D.C. – Community bankers’ assessment about future economic and financial conditions improved at the end of 2020 but still indicates a marginally negative outlook that falls well below confidence levels before the COVID-19 pandemic and economic lockdowns, according to the most recent Community Bank Sentiment Index (CBSI). The Conference of State Bank Supervisors publicly released the fourth quarter CBSI
Specialty Certification Certified Data Analytics Specialist (CDAS) The objectives of this credential are to: Recognize the specialized knowledge, skills, and abilities of individuals who perform data analysis for a state regulatory agency and/or provide data analysis as input to the examination process Encourage continued professional development in data analytics emerging issues, trends, and actionable insights Enhance and maintain the quality