Coronavirus: Regulators release pandemic planning guidance, urge FIs to support consumers

first_imgIn the wake of the coronavirus, the Federal Financial Institutions Examination Council (FFIEC) last week released pandemic preparedness guidance to help financial institutions address risks and minimize negative impacts of a pandemic. In addition, federal and state regulators Monday encouraged financial institutions to support consumers who may face financial hardships as a result of the virus.Democrat members of the Senate Banking Committee had sent letters to financial regulators, including the NCUA, earlier Monday urging guidance to allow financial institutions to provide consumers that could face financial hardships as a result of the coronavirus with loan and credit relief.In a statement yesterday afternoon from the Federal Reserve, CFPB, FDIC, NCUA, Office of the Comptroller of the Currency, and Conference of State Bank Supervisors, the agencies said they would “provide appropriate regulatory assistance to affected institutions subject to their supervision.” continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Booze to blame for youth violent crime – judge 27 June 2012While youth crime overall is steadily declining, serious violent offending has increased and the principal youth court judge says alcohol is to blame. Statistics released yesterday show that 3582 offences were recorded in the Youth Court last year compared to 3939 in 2010. However, the statistics were only “part of the picture,” principal youth court judge Andrew Becroft said. The number of youths apprehended by police has steadily declined in the past five years, whereas apprehension rates for those aged over 17 had generally increased.However, what was hidden within the statistics was an increase in offences intended to cause injury and sexual assaults. “Alcohol availability is certainly a big factor in [violent] offending,” Becroft said. “If you took alcohol out of the youth court you’d take 80 per cent of violent offences out of the youth court.” Beer and cannabis appeared to be the most common drugs used by young offenders in New Zealand, Becroft told an international drug symposium in 2009. He hoped the Alcohol Reform Bill, which is yet to be passed in parliament, would go someway towards curbing the pattern.TOTAL APPREHENSIONS BY AGE:      0 – 9-year-olds<a target=”_blank” href=”;254871674;78583274;b”><img src=”” border=”0″ alt=”” ></a>    1994 – 15962010 – 8722011 – 67810 – 13-year-olds1994 – 11,8812010- 80832011 – 755814 – 16-year-olds1994 – 28,6792010 – 29,0262011 – 25,928 read more