ABA: FDIC Should Set Standards for Disapproval of ILC Transactions
The FDIC should clearly set out the circumstances under which it would be required to disapprove a deposit insurance application or other industrial...
Newsbytes
ADP: Over 2 Million Jobs Gained in June
The non-farm private sector added 2,369,000 jobs in June, according to the ADP National Employment Report. This follows a revised...
State AGs Express Support for Bill to Create Beneficial Owner Registry
Forty-two state attorneys general wrote to Senate Banking Committee leaders today in support of S. 2563, the Illicit Cash Act,...
ARRC Announces Spread Adjustment Methodologies, Issues New Fallback Language
The Alternative Reference Rates Committee today outlined how it will implement its methodologies for calculating spread adjustments on financial products...
Powell: Fed ‘Not Looking to Raise Capital Standards During Crisis’
Testifying before the House Financial Services Committee today, Federal Reserve Chairman Jerome Powell again emphasized the strong position of the...
Mnuchin Discusses Future of PPP At House Committee Hearing
With the Small Business Administration’s Paycheck Protection Program officially winding down tonight, Treasury Secretary Steven Mnuchin told the House Financial...
Financial Trades Call for Equal Treatment of Banks, CUs on Military Bases
In a letter to House and Senate Armed Services Committee leaders today, the American Bankers Association, the Association of Military...
Fed Launches Task Force to Address Coin Shortages During Pandemic
The Federal Reserve announced today that it is forming a task force to address the issue of low coin inventories...
CEOs’ Confidence in Economy Falls Amid COVID-19 Pandemic
Confidence among the nation’s CEOs in the future economic outlook plummeted in the second quarter, reflecting the acute effects of...
Labor Department Re-Proposes Fiduciary Rule, Proposes Class Exemption
The Department of Labor today issued its long-awaited re-proposal to regulate investment advice fiduciaries under the Employee Retirement Income Security...
