FDIC’s Gruenberg Flags Shift in Agency’s 2022 To-Do List
Following the departure of Jelena McWilliams from the FDIC, Acting Chairman Martin Gruenberg today outlined his agency’s shift in priorities...
Newsbytes
J.D. Power: Small Business Satisfaction Rises With Large Bank Merchant Services
In a study evaluating small businesses’ satisfaction with merchant services providers, J.D. Power found that large banks had a significant...
ABA Proposes Changes to FinCEN Beneficial Ownership Registry Rules
In response to the Financial Crimes Enforcement Network’s proposed rule for a beneficial ownership registry, ABA said today in a...
FASB Rejects Further Deferral of CECL
Earlier this week, the Financial Accounting Standards Board considered and rejected further deferral of the current expected credit loss accounting...
ABA Data Bank: International Freight Rates Show Signs of Easing
While the cost of shipping a 40-foot container from China to the U.S. remains elevated year-over-year, it has come down...
House Advances SAFE Banking Act through China Competitiveness Bill
The House today passed the America Competes Act, a bill aimed at boosting American economic competitiveness against China, which included...
467,000 Jobs Added in January, Unemployment Rate at 4.0%
Total nonfarm payroll employment rose by 467,000 in January, according to the Bureau of Labor Statistics. Total unemployed persons rose...
PPP Borrowers May Request Review of Partially Forgiven Loans
The Small Business Administration announced that it will allow Paycheck Protection Program borrowers to request a loan review by SBA...
Researchers Release Initial Findings from Boston Fed, MIT CBDC Research Project
The Federal Reserve Bank of Boston and the Massachusetts Institute of Technology’s Digital Currency Initiative yesterday published a white paper...
ARRC Chairman: Legislations Needed to Address Libor Legacy Contracts
In a Barron’s op-ed today, Tom Wipf, chairman of the Alternative Reference Rates Committee, emphasized the need for legislation to...
