ABA, Industry Groups Comment on DOL Rulemaking
Littler Mendelson, a law firm specializing in employment issues, on Sunday wrote to the Department of Labor to convey feedback...
Newsbytes
Ginnie Mae Announces Plans to Intervene in Agency MBS Market
With many borrowers now taking advantage of nationwide forbearance programs as they struggle to make their monthly mortgage payments, Ginnie...
CISA Expands Roster of ‘Critical Infrastructure’ Jobs
The Cybersecurity and Infrastructure Security Agency on Saturday updated guidance, broadening the list of jobs deemed to be “essential critical...
Student Debt Repayment Benefits Tax-Free Under CARES Act
Employers will be able to make tax-free contributions to their employees' student debt, according to one provision of the recently...
Trump Signs Coronavirus Aid Package Into Law
On Friday, the House passed—and President Trump signed into law—the CARES Act, a $2 trillion stimulus package to provide relief...
Draft Libor Transition Language Released for Variable-Rate Private Student Loans
The Alternative Reference Rates Committee today issued a consultation on draft fallback language for variable-rate private student loans that reference...
Implementation of Basel IV Standards Delayed
The Basel Committee on Banking Supervision today announced that it will delay the implementation of outstanding capital standards—commonly referred to...
Agencies Approve Early Adoption of SA-CCR, Delay of CECL Capital Phase-In
The federal banking agencies today announced two actions intended to help banks ensure the continued flow of credit to households...
ABA Data Bank: FDIC Insurance Fund at Record-High Balance
Since 2007, banks have more than doubled the balance of the FDIC insurance fund that protects deposits to a record...
CFPB to Postpone Certain Data Collections Due to Coronavirus
To help banks focus on responding to their customers’ needs during the coronavirus pandemic, the Consumer Financial Protection Bureau today...
