Senate Sends PPP Flexibility Bill to President
The Senate tonight unanimously passed a bipartisan bill that would provide greater flexibility for Paycheck Protection Program borrowers.
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Powell: Ameribor ‘Fully Appropriate’ for Banks When It Reflects Cost of Funding
While the Federal Reserve continues to support the Secured Overnight Financing Rate as the Alternative Reference Rates Committee’s preferred alternative...
FHFA Finalizes Changes to FHLB Housing Goals
The Federal Housing Finance Agency today finalized several changes to the housing goals for the Federal Home Loan Banks.
ADP: Over 2 Million Jobs Lost in May
The non-farm private sector lost 2,760,000 jobs in May, according to the ADP National Employment Report. This follows a revised...
Factory Orders Declined 13% in April
New orders for manufactured goods in April, down three of the last four months, decreased 13.0% to $384.3 billion, the...
ISM: Non-Manufacturing Sector Contracts Again in May
The ISM Non-Manufacturing Index contracted in May for the second consecutive month. The index registered 45.4% in May, 3.6 percentage...
OCC’s Brooks to Keynote ABA Risk and Compliance Virtual Conference
Acting Comptroller of the Currency Brian Brooks will deliver a live keynote address during ABA’s Risk and Compliance Virtual Conference, to...
FHFA: Fannie, Freddie Sold More than 126,000 Nonperforming Loans Since 2014
Fannie Mae and Freddie Mac have sold 126,757 nonperforming loans as of Dec. 31, 2019, with a total unpaid balance...
OCC’s Brooks Warns Governors, Mayors on Risks to Banks of Long-Term ‘Lockdowns’
As governors and municipal officials make decisions on reopening local economies in the wake of the coronavirus pandemic, Acting Comptroller...
ABA Foundation Launches New Housing Relief Resource Page
As the nation observes American Housing Month in June—and as millions of Americans are now struggling to make monthly housing...
