Fed Extends Paycheck Protection Program Liquidity Facility for Final Time
The Federal Reserve will extend for a final time its Paycheck Protection Program Liquidity Facility until July 30, the agency...
Policy
ABA Report: Credit Card Rewards Valued by Consumers of All Income Levels
Credit card rewards are accessible, valuable and well-understood by consumers across all income levels, according to a new report released...
Accessing the PPP: How Equitable Was the Paycheck Protection Program?
Lessons learned from the biggest small business rescue in U.S. history.
CFPB Issues Statement on Juneteenth Mortgage Closing Delays, Signals Further Guidance
After advocacy by ABA, the Consumer Financial Protection Bureau issued a statement last night on mortgage closing delays that might...
ABA Urges CFPB to Provide Guidance on Last-Minute Holiday’s Effects on Mortgage Closing
Despite urgent requests from ABA and others, the Consumer Financial Protection Bureau has thus far indicated to ABA staff that...
FHFA Calls on Congress for Authority to Examine Third-Party Service Providers
In the Federal Housing Finance Agency’s annual report to Congress, the agency requested the authority to examine third-party service providers...
OCC’s Hsu: Addressing Appraisal Bias Requires ‘Collective Effort’
Acting Comptroller of the Currency Michael Hsu told attendees at a CFPB roundtable today that banks are being held accountable...
Eliminating TDR Accounting: Finally a Carrot for Adopting CECL?
By Josh Stein ABA’s position that troubled debt restructurings are outdated and unnecessary is gaining steam, demonstrated by the recent...
FDIC Proposes to Align Real Estate Lending Standards with CBLR
The FDIC proposed changes to its guidelines for real estate lending policies in order to align standards with the community...
FDIC Votes Not to Raise Assessments
The FDIC board today voted not to raise deposit insurance assessments on banks in order to recapitalize its insurance fund.
