OCC Releases List of Areas Eligible for CRA Credit Under New Framework
The OCC today released the 2021 list of distressed or underserved areas where banks participating in certain revitalization or stabilization...
Newsbytes
Survey: Bankers View Cybersecurity Threats as Top Priority for 2021
Bankers believe that cybersecurity threats will present the greatest challenge to the financial industry in 2021, according to a recent...
ARRC Releases Conventions for SOFR-Based Intercompany Loans
The Alternative Reference Rates Committee today issued recommendations for intercompany loans based on the Secured Overnight Financing Rate, the ARRC’s...
FDIC Proposes Changes to Securities Rules
The FDIC recently proposed several changes to its rules regarding bank securities. Among other things, the FDIC proposed to rescind...
Consumer Sentiment Falls in January
Consumer Sentiment fell in January to 79.0 according to the University of Michigan Consumer Sentiment Index. January’s figure is 20.8...
SBA Issues Updated Guidance on COVID-19 Relief for 7(a), 504, Microloans
The Small Business Administration last night issued several notices providing updated guidance on various COVID-19 relief programs.
Ohio Rep. Joyce Beatty to Keynote ABA Washington Summit
Rep. Joyce Beatty (D-Ohio) will deliver keynote remarks during ABA’s Washington Summit, a free virtual event taking place March 16-17.
ABA’s Martini Calls for Transparency, Clarity around PPP
American Bankers Association VP Dan Martini today participated in an American Institute of Certified Public Accountants webinar on Thursday with...
Former CU Regulator: NCUA Overstepping Congressional Mandate
In an American Banker op-ed today, former National Credit Union Administration Chairman Mark McWatters expressed concern that the agency has...
Acting CFPB Director Pledges Aggressive Approach to Supervision, Enforcement
The Consumer Financial Protection Bureau will increase its supervision and enforcement efforts to ensure that companies delivering COVID-19 relief are...
