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...
Newsbytes
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...
Orders for Durable Goods Increase in June
New orders for manufactured durable goods in June increased 0.8% or $2.1 billion to $257.6 billion, the U.S. Census Bureau...
CFPB: Credit Applications Rebound to Pre-Pandemic Levels
Credit applications have largely rebounded to their pre-pandemic levels after a significant drop during the crisis, though there was substantial...
BAFT, Trade Finance Groups Publish Report on Effects of Libor Transition
With the transition away from Libor now well underway, BAFT, the American Bankers Association subsidiary association for international transaction banking,...
Department of Labor Issues Temporary FAQs for Lifetime Income Illustrations
The Department of Labor on Monday issued temporary implementing frequently asked questions in connection with an interim final rule that...
OCC Names Climate Change Risk Officer, Joins Network for Greening Financial System
The OCC today announced that Darrin Benhart has been tapped to serve as climate change risk officer at the agency,...
ABA Supports Bill to Study Challenges Faced by Prospective De Novos
In a letter sent ahead of a House Committee on Financial Services markup tomorrow, the American Bankers Association expressed support...
