Department of Labor to Revisit ESG, Proxy Voting Final Rules
In response to concerns raised by industry stakeholders including the American Bankers Association, the Department of Labor will revisit its...
Policy
ABA Calls for Extension of NCUA CUSO Comment Period
The American Bankers Association today wrote to the National Credit Union Administration seeking a 60-day extension to the 30-day comment...
Banking Agencies to Allow Treasury’s Emergency Capital Investments to Count as Bank Capital
The Federal Reserve, FDIC and OCC today announced an interim final rule allowing Treasury investments made to community development financial...
ABA, Groups Urge Congress to Shield EIPs from Garnishment
As Congress prepares to pass the $1.9 trillion COVID-19 relief bill—which includes another round of $1,400 economic impact payments—the American...
ABA Weighs in on Proposed GSE Liquidity, Resolution Planning Requirements
In two comment letters to the Federal Housing Finance Agency last week, the American Bankers Association weighed in on proposed...
Fed to Extend Paycheck Protection Program Liquidity Facility
The Federal Reserve will extend its Paycheck Protection Program Liquidity Facility until June 30, 2021, the agency announced today.
Fed Clarifies Guidance on MDIs
The Federal Reserve today clarified its guidance on how it defines minority depository institutions, and expanded its definition to include...
Financial Trades Call for PPP Flexibility to Resolve Hold Codes, Process Outstanding Applications
As the Small Business Administration prepares to wind down the Paycheck Protection Program at the end of the month, the...
Treasury Announces $9 Billion Investment in CDFIs, MDIs
The Treasury Department today announced that it will invest $9 billion in community development financial institutions and minority depository institutions...
Nichols Calls for Scrutiny of Chartering ‘Loopholes’ for Nontraditional Financial Firms
In an American Banker op-ed today, ABA President and CEO Rob Nichols urged the Federal Reserve to “take a very...
