DOL Finalizes Rule Expanding Use of Electronic Delivery for Plan Documents
As the American Bankers Association has long advocated, the Department of Labor today issued its final rule to modernize retirement...
Otting Announces Departure from OCC; Brooks to Serve as Acting Comptroller
As reported by several media outlets earlier this week, Comptroller of the Currency Joseph Otting today announced that he would...
SBA Releases Long-Awaited Form 1502 for PPP Processing Fees
The Small Business Administration today issued guidance to Paycheck Protection Program lenders on filing Form 1502, which will trigger the...
FHFA Re-Proposes Regulatory Capital Framework Changes for Fannie, Freddie
In a highly anticipated move today, the Federal Housing Finance Agency re-proposed a 2018 proposal to establish a new regulatory...
Financial Regulators Issue Joint Principles for Responsible Small-Dollar Loan Programs
To encourage banks and other depository institutions to engage in responsible small-dollar lending, federal financial regulators today issued long-awaited joint guidance...
OCC Unilaterally Finalizes Community Reinvestment Act Changes
The OCC today issued its long-awaited final rule making significant changes to the regulations implementing the Community Reinvestment Act—the first...
FOMC Minutes: Members See Economic Activity Declining at ‘Unprecedented Rate’ in Q2
Members of the Federal Reserve Open Market Committee said they expect economic activity in the second quarter to “decline at...
Podcast: How Asset-Based Lending Appeals to Commercial Clients Amid COVID-19
As the coronavirus pandemic and the policy response to it affect businesses and commercial credit, many borrowers are converting revolving...
New Video Highlights Banking Industry Response to COVID-19
A new video released by the American Bankers Association today highlights the many ways America’s banks have stepped up to support...
As Bankers Await Release of PPP Form 1502, SBA Extends Submission Deadline
In updates to its Paycheck Protection Program FAQs tonight, the Small Business Administration announced that it will extend the deadline...
