Fed Revises TLAC Rule to Support Lending Newsbytes March 23, 2020 The Federal Reserve Board today issued an interim final rule amending the treatment of the total loss absorbing capacity, or...
ABA, Groups Call for Legislative Action on Retirement Plans Due to Coronavirus Newsbytes March 23, 2020 Acknowledging the challenges currently facing American workers and retirees as the coronavirus pandemic continues, ABA joined two dozen other trade...
Loans Modified Due to COVID-19 Generally Not Treated as TDRs, Agencies Clarify Compliance and Risk March 22, 2020 Loan modifications for borrowers affected by the coronavirus pandemic will not generally be required to be treated as troubled debt...
Amid Local Lockdowns, Treasury Issues Documentation for Bankers Cybersecurity March 22, 2020 With more localities implementing stay-at-home or shelter-in-place orders to combat the spread of COVID-19, the Treasury Department has issued documentation...
ABA Emphasizes Promoting Loan Growth, Protecting Borrowers in Coronavirus Relief Bill Ag Banking March 22, 2020 As negotiations continued on Capitol Hill this weekend over the latest coronavirus aid package, a group of financial services trade...
ABA, Financial Groups Ask SEC to Exercise Authority with CECL Delay Economy March 22, 2020 Amid the growing economic fallout from the coronavirus pandemic and public health response, ABA and several other financial trade groups...
Nichols Highlights Bank Response to Coronavirus in Letter to Rep. Waters Newsbytes March 20, 2020 In a letter to House Financial Services Committee Chairwoman Maxine Waters (D-Calif.) today, American Bankers Association President and CEO Rob...
FHLBs Issue Guidance for Mortgage Partnership Finance Program Participants Mortgage March 20, 2020 The Federal Home Loan Banks’ Mortgage Partnership Finance program today released a statement outlining temporary policies to enable servicers to...
Mnuchin: IRS to Move Tax Filing Deadline to July 15 Newsbytes March 20, 2020 Treasury Secretary Steven Mnuchin today announced that at the direction of President Trump, the IRS will extend the tax filing...
CFPB Final Rule on Debt Collection Expected This Year Compliance and Risk March 20, 2020 After a proposal last year that generated 14,000 comments, the Consumer Financial Protection Bureau expects to issue a final rule...
