SBA Issues Guidance on PPP Borrower Changes of Ownership
The Small Business Administration today issued a notice explaining required procedures when an entity that has received a Paycheck Protection...
Newsbytes
ABA Data Bank: COVID-19 Vaccine Would Have Greatest Impact on Americans’ Spending
Would the following events have a major impact, minor impact, or no impact on your willingness to return to your...
Mortgage Lenders Say Staff Safety, Supply Chain Disruption Are Biggest Pandemic Challenges
Mortgage lenders said their biggest challenges due to the pandemic include the health and safety of their staff, supply chain...
ABA Advocates for Removal of Physical Presence Requirement for Spousal Consent
In a letter to the Internal Revenue Service yesterday, the American Bankers Association and several insurance trade groups requested that...
ABA Supports New Proposed QM Category
In a comment letter to the CFPB today, ABA supported a recent proposal to create a new category of “seasoned”...
Factory Orders Up Slightly in August
New orders for manufactured goods in August, up four consecutive months, increased 0.7% to $470.1 billion, according to the U.S....
661,000 Jobs Added in September, Unemployment at 7.9%
Total nonfarm payroll employment rose by 661,000 in September, according to the Bureau of Labor Statistics. Total unemployed persons fell...
CFPB Assessment Finds TRID Rule Imposed ‘Sizable’ Costs for Lenders
The Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosure Rule “appears to have created sizable implementation costs for lenders,” the bureau...
Gary Cohn Added to Unconventional Convention Speaker Lineup
The American Bankers Association today announced that Gary Cohn has been added to the speaker lineup for the upcoming Unconventional...
As CRA Rule Takes Effect, OCC Issues Compliance Resources
As the OCC’s revised Community Reinvestment Act rules took effect today, the OCC issued several compliance resources including a small...
