OSHA Updates COVID Guidance for Non-Healthcare Industries
The Occupational Safety and Health Administration on Friday updated its guidance on mitigating and preventing the spread of COVID-19 in the workplace.
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IRS Unveils Online Tool for Non-Filers to Facilitate Monthly Child Tax Credit
The Internal Revenue Service has created a new online tool for families that are normally not required to file an income tax return to register for the expanded Child Tax Credit payments, which were authorized by the American Rescue Plan and which will begin to be distributed on July 15.
ABA Stonier School Graduates 178
The ABA Stonier Graduate School of Banking recognized 178 graduates on Friday, awarding Stonier diplomas and Wharton leadership certificates.
Agencies Update Regulatory Agendas
Federal agencies on Friday announced updates to their rulemaking agendas. Items on the agendas and…
Top Policymakers Emphasize Need for ‘Robust’ Alternate Reference Rates
Acting Comptroller of the Currency Michael Hsu today said that it is “imperative that banks continue careful planning” for the transition away from Libor to an alternate reference rate, such as the Secured Overnight Financing Rate, the Alternate Reference Rates Committee’s preferred Libor alternative.
ABA Data Bank: Business and Consumer Credit Markets to Experience Sustained Recovery
The chief economists of North America’s largest banks expect a sustained rebound in both consumer and business credit market conditions over the next six months, according to ABA’s latest Credit Conditions Index.
ABA Calls for Expanded Safe Harbor for SEC Climate Disclosures, Flexibility for Community Banks
The American Bankers Association urged the Securities and Exchange Commission today to provide a wide safe harbor for information and statements made in disclosures addressing climate risk.
BIS Working Paper Examines Architecture and Rationale of CBDC Technology
The Bank for International Settlements released a working paper to discuss the range of central bank digital currencies, including addressing their architectures, how they could complement existing payment options and what they imply for the financial system and central banks in the future.
ABA Urges Additional Clarity on Model Risk Management for BSA/AML Compliance
The American Bankers Association filed comments today urging the federal banking agencies and the Financial Crimes Enforcement Network to provide additional guidance on how the 2011 “Supervisory Guidance on Model Risk Management,” or MRMG, works in conjunction with Bank Secrecy Act/anti-money laundering and Office of Foreign Assets Control compliance.
ABA Report: Business, Consumer Credit Markets to Experience Sustained Rebound
Top economists from the largest U.S. banks anticipate a sustained rebound in consumer and business credit market conditions over the next six months, according to ABA’s Credit Conditions Outlook released today.