Browsing: Policy

Newsbytes

The OCC Friday afternoon proposed a rule stating that banks should provide access to services, capital and credit based on their risk assessment of individual customers and not make broad-based decisions that affect whole categories or classes of customers.

Newsbytes

In a letter to Treasury Secretary Steven Mnuchin late Friday, Federal Reserve Chairman Jerome Powell said his agency would “work out arrangements . . . for returning the unused portions of the funds allocated to the CARES Act facilities in connection with their year-end termination.”

Economy

With several emergency credit facilities created to respond to the COVID-19 emergency scheduled to wind down by year’s end, Treasury Secretary Steven Mnuchin today asked the Federal Reserve to return unused funds in several facilities to the Treasury.

Commercial Lending

A few days shy of a court-ordered Nov. 19 deadline for the Small Business Administration to release the names, addresses and precise loan amounts for all Paycheck Protection Program loan recipients and all COVID-19-related Economic Injury Disaster Loan recipients, the federal judge who issued the order temporarily stayed it.

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