CFPB: No Extension for Effective Date of Debt Collection Final Rules
The Consumer Financial Protection Bureau today said it would not delay the effective date of two final rules issued under...
Newsbytes
ABA Data Bank: Libor Replacement Rates Banks Plan to Use
Half or more of banks surveyed plan to use the SOFR daily, SOFR term structure, SOFR arrears compounding, and/or BSBY...
Financial Services Committee Passes Several ABA-Backed Bills
By a voice vote on Thursday, the House Financial Services Committee passed H.R. 4590, the Promoting New and Diverse Depository...
Consumer Sentiment Drops in July
Consumer Sentiment was 81.2 in July according to the University of Michigan Consumer Sentiment Index. July’s figure was 4.3 points...
Treasury Expands Paid Leave Tax Credit for COVID-19 Vaccinations
To encourage more Americans to get vaccinated against COVID-19, the Treasury Department today announced that it will allow certain eligible...
J.D. Power: Consumer Satisfaction with Mortgage Servicers Rises
Customer satisfaction with mortgage servicers industrywide increased six points to 787 on a scale of 1,000 during the pandemic, according...
ARRC Completes Key Milestone in Libor Transition, Recommends SOFR Term Rates
In a highly anticipated move today, the Alternative Reference Rates Committee formally recommended CME Group as the administrator for a...
Second Quarter GDP Grew 6.5%
Real GDP increased at a seasonally adjusted annual rate of 6.5% during the second quarter of 2021, according to the...
Umpqua Survey: Optimism Rises among Small, Middle-Market Firms
Despite persistent pandemic-related uncertainties, optimism among small and middle market businesses is on the rebound, according to Umpqua Bank’s 2021...
SBA Issues Guidance on Direct PPP Loan Forgiveness
The Small Business Administration today released guidance on how it will accept Paycheck Protection Program loan forgiveness applications directly from...
