ABA Calls for Tax-Related Guidance, Reporting Relief Due to COVID-19
In a letter to IRS officials yesterday, ABA called for additional guidance to help taxpayers and financial institutions comply with...
Newsbytes
ABA Highlights Broad Support for Petition to Facilitate COVID-19-Related Calls
ABA and six other financial trade groups wrote to the Federal Communications Commission yesterday highlighting broad support for an ABA-led...
USDA to Guarantee $1 Billion in Loans for Rural Businesses, Ag Producers
With many rural businesses and agricultural producers facing financial challenges as a result of COVID-19, the Department of Agriculture today...
DOL Finalizes Rule Expanding Use of Electronic Delivery for Plan Documents
As the American Bankers Association has long advocated, the Department of Labor today issued its final rule to modernize retirement...
Otting Announces Departure from OCC; Brooks to Serve as Acting Comptroller
As reported by several media outlets earlier this week, Comptroller of the Currency Joseph Otting today announced that he would...
Existing-Home Sales Plunge 17.8% in April
Existing-home sales dropped by 17.8% in April to a seasonally adjusted annual rate of 4.33 million, according to the National...
SBA Releases Long-Awaited Form 1502 for PPP Processing Fees
The Small Business Administration today issued guidance to Paycheck Protection Program lenders on filing Form 1502, which will trigger the...
FHFA Re-Proposes Regulatory Capital Framework Changes for Fannie, Freddie
In a highly anticipated move today, the Federal Housing Finance Agency re-proposed a 2018 proposal to establish a new regulatory...
Financial Regulators Issue Joint Principles for Responsible Small-Dollar Loan Programs
To encourage banks and other depository institutions to engage in responsible small-dollar lending, federal financial regulators today issued long-awaited joint guidance...
OCC Unilaterally Finalizes Community Reinvestment Act Changes
The OCC today issued its long-awaited final rule making significant changes to the regulations implementing the Community Reinvestment Act—the first...
