CSBS Announces New Executive Leadership Team, 2021 Priorities
As part of an organizational restructure, the Conference of State Bank Supervisors today announced its executive leadership team.
Browsing: Policy
Two Firms Submit New ILC Applications
Two firms—Thrivent Financial and Brex—have submitted applications in recent days to the Utah Department of Financial Institutions and the FDIC to operate industrial loan company subsidiaries.
FDIC Chairman Jelena McWilliams to Speak at ABA Washington Summit
FDIC Chairman Jelena McWilliams has been added to the speaker lineup for ABA’s Washington Summit,…
CFPB Issues Statement on QM Rule Compliance Deadlines
As the Consumer Financial Protection Bureau considers whether to revisit its recent final rules regarding the definition of Qualified Mortgage and the establishment of a “seasoned QM” category of loans, it issued a statement today addressing the compliance deadlines associated with these rules.
Financial Trades Urge Congress to Shield EIPs from Garnishment
As Congress considers an additional COVID-19 rescue bill, ABA today joined a coalition of 17 other financial trade groups calling on lawmakers to include language in the bill to ensure that any economic impact payments will be protected from assignment or garnishment.
Corporate Diversity Bill Reintroduced in Senate
Sen. Bob Menendez (D-N.J.) this week reintroduced the Improving Corporate Governance through Diversity Act, a bill that would require public companies to disclose annually the self-reported racial, ethnic and gender composition and veteran status of their board members, board nominees and executive officers, as well as whether they have adopted policies or strategies to promote board and executive diversity.
Powell: Fed Weighing Pros and Cons of Digital Dollar
The Federal Reserve is “looking very carefully” at whether and how it might issue a digital dollar, Fed Chairman Jerome Powell told members of Congress today.
Biden Administration Announces Measures to Target PPP Loans to Smallest Firms
The White House today announced several measures to ensure the smallest firms have access to Paycheck Protection Program loans, including an exclusive application window for firms with fewer than 20 employees, a revised loan calculation and funding set-aside for sole proprietors and self-employed individuals and new eligibility for businesses owned by those with certain felony convictions.
Amid Rising Uncertainty, a Path Forward
A look at ABA’s government relations agenda for 2021
ABA Unveils 2021 ‘Blueprint for Growth’
With the 117th Congress preparing to tackle additional coronavirus relief, as well as a broad range of other policy items, the American Bankers Association on Friday released its 2021 Blueprint for Growth.