Banking

Echoing the decisions of several major US banks that have moved out of the reverse mortgage business in recent years, a number of banks in Australia are now doing the same, including the country’s largest lender, the Commonwealth Bank. This could pave the way for the Australian government to enter …

The writer, a former US controller of the currency, is managing director of Promontory Financial Group, a consultancy firm Despite calls from Federal Reserve Chairman Jay Powell for more robust support for the US economy, President Donald Trump has abandoned negotiations with Congress. With no fiscal stimulus in sight, this …

On June 30, 2020, Oregon Governor Kate Brown signed Bill 4204 titled “Relating to Strategies to Protect the Residents of Oregon from the Effects of the COVID-19 Pandemic; and declare an emergency ”(the“Oregon Status“). In response to the COVID-19 pandemic, Oregon law establishes temporary limitations on the ability of lenders …