ABA, Financial Trade Groups Urge IRS to Improve ‘Get My Payment’ Website
The American Bankers Association and six other financial trade groups today requested that the Internal Revenue Service improve its Get...
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Fed to Automate Non-Merger-Related Adjustments to Capital Stock Subscriptions
In a move that would significantly reduce the annual reporting burden on banks, the Federal Reserve today proposed to automate...
Consumer Credit Growth Increased in February
In February, consumer credit increased at a seasonally adjusted annual rate of 7.9%. Revolving credit increased at an annual rate...
Cuomo Signs ARRC-Backed Libor Transition Legislation
New York Gov. Andrew Cuomo yesterday signed a bill developed by the Alternative Reference Rates Committee that will facilitate the...
ABA, Financial Trades Raise Concerns About Proposed Call Report Changes
The American Bankers Association joined the Bank Policy Institute and the Securities Industry and Financial Markets Association in a letter...
FOMC Projects ‘Substantial’ GDP Growth This Year
Real gross domestic product growth is projected to be substantial this year and the unemployment rate is expected to decline...
Treasury Releases Details on Proposed Tax Changes
The Treasury Department today provided additional details on the Biden administration’s proposed changes to the U.S. tax code.
CFPB Proposes Delay to Effective Date of Debt Collection Rules
The Consumer Financial Protection Bureau will propose to extend the effective date of its two recent debt collection rules from...
U.S. International Trade Balance Widened in February
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was...
Libor Change: ‘Law of Physics’ Prompting Examination Focus, Self-Assessment Tool
With Libor slated to sunset by the end of 2021, banks need to identify and mitigate their Libor transition risks....
