Renae Merle
Washington Post
New York, NY, United States
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Past articles by Renae:
Trump says he’s ‘stopping evictions.’ Here’s why they’re still happening.
Trump’s executive order directed federal regulators to study whether an eviction moratorium was necessary and others to investigate whether they could appropriate money for rental assistance. But it fell short of reinstating the federal eviction ban that expired last month. → Read More
Trump is calling for another moratorium on evictions. Landlords are pushing back.
Reinstating a federal moratorium is a short term fix to a long-term problem, landlords say. When the moratoriums eventually end, millions of renters will owe months of back rent they can’t afford, delaying their eventual eviction while leaving landlords to swallow the shortfall, they say. → Read More
A federal eviction moratorium has ended. Here’s what renters should know.
Of the 110 million Americans living in rental households, 20 percent are at risk of eviction by Sept. 30, according to an analysis by the Covid-19 Eviction Defense Project, a Colorado-based community group. African American and Hispanic renters are expected to be hit hardest. → Read More
Big banks prepare for protracted recession, report significant drop in profits
The banks’ more pessimistic outlooks come as millions of people remain out of work, thousands of small businesses close their doors forever and some states begin to shutdown for a second time to contain the spread of the coronavirus. → Read More
Navy ship catches fire in San Diego, sailors injured
The fire took place aboard the USS Bonhomme Richard, an amphibious assault ship that was docked pier at Naval Base San Diego, Calif. → Read More
As big corporations say ‘black lives matter,’ their track records raise skepticism
Wall Street, tech and retail giants are rushing to convey support for a movement that has galvanized the American public, but their corporate track records raise skepticism. → Read More
What you need to know about paying your June rent or mortgage
Amid record unemployment, millions of Americans are expected to struggle to pay their rent or mortgage in June. Already, more than 8 percent of U.S. homeowners, about 4.7 million households, have signed up for mortgage relief programs, according to the Mortgage Bankers Association. That is up more than 2,000 percent since early March. The crisis facing the country's 40 million renters is even… → Read More
Democrats have proposed $100 billion for struggling renters. It may not be enough.
Local officials are ramping up efforts to prevent a potential rash of evictions among renters as the country’s unemployment rates reach historic highs and eviction moratoriums start to expire. → Read More
The housing market faces its next crisis as May rent and mortgages come due
The speed and broad reach of the disruption is pitting landlords and mortgage companies against homeowners and renters with each side claiming they need more assistance and fueling calls for billions in new aid for the housing sector. → Read More
The country’s workforce will never be the same. Follow 10 Americans as they navigate an uncertain future.
The Post is following the lives of American workers who are navigating the new economic fallout as a result of the coronavirus. → Read More
Small businesses, banks brace for mad dash as $310 billion loan program rolls out
The House voted Thursday to pour an additional $370 billion into the Paycheck Protection Program, setting off a mad dash among thousands of small businesses and bankers to secure loans before the money runs out — again. → Read More
JPMorgan Chase says it has sent $9.3 billion to small businesses as part of emergency program
For more than a week, the Trump administration has touted numbers showing that thousands of people had applied for billions in forgivable loans through the Paycheck Protection Program. But JPMorgan Chase's announcement is the first sign that the troubled program was delivering cash to small-business owners. → Read More
About 70% of small businesses have applied for a Cares Act loan. It’s unclear how many have received them.
The emergency small business lending program got off to a rocky start with most big banks saying they weren’t prepared to start processing applications when the program launched last Friday. → Read More
Small businesses worry $349 billion emergency lending program isn’t big enough
President Trump on Monday acknowledged ‘glitches’ with the program and said it will probably need more funding. → Read More
Investors weather wild markets, coronavirus fears and a broken Robinhood trading app
For mom and pop investors, Robinhood's repeated failures are just one of the challenges of navigating the economic impact of covid-19, which has led to broad closures and disrupted how many people live their daily lives. → Read More
In emails, Wells Fargo executives griped about scrutiny, mulled using charity as leverage
The report by the House Financial Services Committee also found that the bank’s regulators were aware of the bank’s problems for years before acting and that Wells Fargo was slow to address its problems. → Read More
SEC grants regulatory relief to companies affected by coronavirus
Firms that can show they need extra time will be granted a reprieve for documents that should have been filed from March 1 to April 30, the SEC said. → Read More
Big banks want regulation eased because of coronavirus. Experts call it opportunistic.
The Bank Policy Institute, which represents the country’s biggest banks, is recommending, among other things, that the Federal Reserve lower capital requirements so that the industry can continue to lend money. → Read More
Elizabeth Warren wanted ‘blood and teeth left on the floor’ in CFPB fight. Now the battle moves to the U.S. Supreme Court.
The court will be hearing the case of a California law firm that refused to cooperate with a CFPB investigation, arguing the bureau’s leadership structure is unconstitutional. → Read More
Wells Fargo fined $35 million in SEC settlement over investment advice
The fine comes as Wells Fargo struggles to repair its image after admitting to consumer abuses. The company reached a $3 billion settlement with the Justice Department and the SEC last week for opening millions of accounts without customers’ consent. → Read More