FFIEC, SEC Grant Extensions for Required Filings
Acknowledging the significant burdens that banks are currently facing as they provide assistance to customers during the coronavirus pandemic, the...
Senate Clears Massive Coronavirus Stimulus to Support Economic Growth
The Senate unanimously passed a sweeping $2 trillion stimulus package to provide relief to American consumers and businesses struggling as...
ABA Urges SBA to Provide Guidance to Banks on Coronavirus Relief
As the Senate moved closer to passage of a coronavirus relief package today, ABA joined a coalition of financial services...
Podcast: Red Flags for ‘Money Mule’ Scams
Amid the coronavirus pandemic, cybersecurity and fraud analysts have noted an uptick in "money mule" scams. Banks increasingly need to...
GSEs Announce Payment Deferral Option for Borrowers Exiting Forbearance
In communications to lenders today, Fannie Mae and Freddie Mac announced a new home retention workout option that would allow...
Fed to Adjust Exam Activities As It Focuses on Coronavirus Response
The Federal Reserve will “temporarily reduce” its bank examination activities as it pivots to focus on responding to the immediate...
IRS Issues FAQs on Filing Date Extension, Clarifies Due Date for IRA, HSA Contributions
The IRS has issued a set of frequently asked questions related to the recently announced delay in filing dates for...
CFPB Extends Comment Period on Time-Barred Debt Disclosure Proposal
The CFPB last week announced that it will extend until June 5 the comment deadline for its proposal on time-barred...
ABA, Industry Groups Call for Unified Approach to Mortgage Relief During Pandemic
ABA joined several financial and mortgage industry trade associations in a letter to the Federal Reserve, HUD, FHFA, the CFPB,...
Reps. Meeks, Luetkemeyer Join Chorus for CECL Suspension, Delay
In a bipartisan letter, Reps. Gregory Meeks (D-N.Y.) and Blaine Luetkemeyer (R-Mo.) today joined the chorus of voices—including FDIC Chairman...
