IRS Issues Updated Guidance on Deductibility of PPP Qualified Expenses
The Internal Revenue Service has issued guidance implementing changes included in the latest COVID-19 relief package—which was signed into law...
Newsbytes
Factory Orders Rise 1.0% in November
New orders for manufactured goods in November, up seven consecutive months, increased 1.0% to $487.2 billion, according to the U.S....
ADP: 123,000 Jobs Lost in December
The non-farm private sector lost 123,000 jobs in December, according to the ADP National Employment Report. This follows a revised...
IRS Addresses EIP Processing Issue in Updated FAQs
The Internal Revenue Service tonight clarified that economic impact payment recipients who had their ACH payments erroneously sent to an...
ABA Supports Rule to Clarify the Role of Supervisory Guidance
The American Bankers Association submitted a comment letter on Monday supporting a proposed rule by the federal banking regulators to...
CFPB Task Force Releases Report on Improving Consumer Protection in Financial Marketplace
The Consumer Financial Protection Bureau’s Task Force on Federal Consumer Financial law today issued an extensive, two-volume report providing an...
OCC Greenlights Use of Stablecoins for Payments Activities
In an interpretive letter yesterday, the OCC verified that national banks and federal savings associations may use independent node verification...
GSEs Release ‘Duty to Serve’ Plans
The Federal Housing Finance Agency today outlined how Fannie Mae and Freddie Mac will work to improve the distribution and...
Manufacturing Sector Growth Continues in December
The ISM Manufacturing Index registered 60.7 points in December, an increase of 3.2 percentage points from the November reading of...
ABA Urges OCC to Withdraw Fair Access Proposal
The American Bankers Association yesterday called for the withdrawal of a controversial OCC proposal stating that banks should provide access...
SPONSORED CONTENT
