ABA Congratulates Outstanding Bank Workplaces
American Banker Magazine today published its eighth annual list of the best banks to work for, and ABA member banks account for 66 of the 85 honorees.
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SBA Issues Questionnaires to Borrowers for PPP Loans of $2M or More
As part of its review of Paycheck Protection Program loans totaling $2 million or more, the Small Business Administration will begin sending loan necessity questionnaires that will inform SBA’s evaluation of borrowers’ good-faith certification of their economic need.
ABA: Card Market Overregulation Would Harm Credit Access
The credit card market is functioning well, and consumers feel their bank is there for them during the COVID-19 pandemic, ABA said in a letter to the CFPB today.
ABA Works With USDA to Support Credit Needs for New Farmers, Ranchers
ABA and other industry groups met with the U.S. Department of Agriculture and the Farm Service Agency yesterday to discuss ways to support the credit needs of new farmers and ranchers.
OCC Finalizes ‘True Lender’ Rule
The OCC today issued a long-awaited final rule establishing a “clear test” to determine when a bank making a loan is considered the “true lender” in the context of a partnership between a bank and a third party.
ABA Chairman Edwards: COVID-19 Tops Agenda for Year Ahead
As he begins his term as chairman of ABA, Jim Edwards said that helping banks lead customers through the pandemic “rises above all else,” but added that ABA has not lost sight of other industry challenges.
FHFA Releases Strategic Plan for 2021-2024
The Federal Housing Finance Agency today released its strategic plan for fiscal years 2021-2024.
ABA Urges Protection for Banks’ Informational Calls to Customers
In a comment letter this week, the American Bankers Association urged the Federal Communications Commission not to impose additional restrictions on the ability of banks and other businesses to contact their customers with account-related information.
ABA Offers New Certificate for Industry Providers
To help industry providers develop a broad understanding of bank operations, the American Bankers Association has launched a new certificate, the Bank Solutions Provider Certificate.
Durable Goods Orders Rise 1.9% in September
New orders for manufactured durable goods in September increased 4.3 billion or 1.9% to $237.1…