ARRC Releases ‘Best Practices’ for Libor Transition
The Alternative Reference Rates Committee today issued a set of best practices to help market participants complete preparations for the...
Newsbytes
CFPB Study Examines Trends in Retiree Spending Levels
A new study by the Consumer Financial Protection Bureau today found that just over half of retired Americans who retired...
IRS Reminds Consumers They May Receive EIPs Via Prepaid Debit Cards
The IRS today issued a reminder to consumers still awaiting their CARES Act economic impact payment that they may be...
New Industry Coalition to Support Banks’ Cyber Risk, Compliance Efforts
A coalition of 31 financial institutions and trade associations—including the American Bankers Association and led by the Bank Policy Institute—today...
ABA Joins Coalition Calling for Liability Relief Legislation
As states begin to slowly reopen local economies and businesses begin to resume normal operations, ABA joined a broad coalition...
Agencies Issue FAQs on Coronavirus, Community Reinvestment Act Activities
The OCC today released a list of 13 interagency frequently asked questions related to the Community Reinvestment Act and the...
FinCEN to Update Methodology for Calculating Regulatory Burden of SARs
Bank Secrecy Act reporting institutions annually spend roughly $206 million and 5.4 million hours of work investigating, evaluating cases and...
ABA Joins Consumer, Banking Groups in Support for Bill to Prevent Garnishment of Economic Impact Payments
The American Bankers Association today joined with twelve consumer groups and banking industry organizations in supporting a bipartisan bill that...
New Home Sales Rise Slightly in April
New single-family home sales rose to a seasonally adjusted annual rate of 623,000 in April, according to the U.S. Census...
SBA Issues Rules on PPP Loan Forgiveness, Lender Responsibilities
The Small Business Administration late last night released much-anticipated interim final rules describing the loan forgiveness process, as well as...
