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...
Newsbytes
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...
Fed: Vaccination Progress Continues to Strengthen Economy
Progress on vaccinations has continued to strengthen indicators of economic activity and employment, the Federal Open Market Committee said today,...
CDC Recommends Masks in Public Indoor Settings in High Transmission Areas
As COVID-19 Delta variant transmission rates remain high, the Centers for Disease Control and Prevention updated its guidance to recommend...
TCH Paper Outlines Principles, Concerns for Use of CBDCs
A U.S. central bank digital currency “is unlikely to be an equally effective tool for all of the purposes for...
ABA Supports Libor ‘Tough Legacy’ Contract Act
The American Bankers Association and a coalition of financial trade groups wrote in support today of the Adjustable Interest Rate...
SBA to Accept Direct Forgiveness Applications from PPP Borrowers
The Small Business Administration will tomorrow launch an initiative to accept Paycheck Protection Program loan forgiveness applications directly—bypassing the lending...
CSBS Issues Model Prudential Standards for Nonbank Mortgage Servicers
As advocated by American Bankers Association, the Conference of State Bank Supervisors today published model state regulatory prudential standards for...
