ABA Condemns Capitol Riots on ‘Dark Day for Our Democracy’
ABA President and CEO Rob Nichols today condemned the violent intrusions into the U.S. Capitol seeking to halt the certification...
Policy
IRS Issues Updated Guidance on Deductibility of PPP Qualified Expenses
The Internal Revenue Service has issued guidance implementing changes included in the latest COVID-19 relief package—which was signed into law...
ABA Supports Rule to Clarify the Role of Supervisory Guidance
The American Bankers Association submitted a comment letter on Monday supporting a proposed rule by the federal banking regulators to...
ABA Urges CSBS to Align Standards for Nonbank Mortgage Servicers With Federal Regulators
The American Bankers Association submitted comments to the Conference of State Bank Supervisors last week urging that state regulators align...
Congress Overturns Trump’s NDAA Veto, Enacting AML/BSA Reform
The House and Senate this week voted to overturn President Trump’s veto of the National Defense Authorization Act for fiscal...
Treasury: Latest COVID-19 Economic Impact Payments Being Processed Tonight
The Internal Revenue Service has begun processing ACH files for the $600-per-person economic impact payments, with a value date of...
COVID-19 EIP Transactions Expected to Land As Soon as Tomorrow
After President Trump signed the COVID-19 economic relief bill Sunday night, bankers should expect to see ACH transactions for the...
CSBS Files Complaint Against OCC Challenging Fintech Charter
The Conference of State Bank Supervisors yesterday filed a complaint in the U.S. District Court for the District of Columbia...
FHFA Proposes Rule Requiring GSE Resolution Planning
A new rule proposed by the Federal Housing Finance Agency today would require Fannie Mae and Freddie Mac to develop...
Fed Proposes Reg D Changes
The Federal Reserve today proposed changes to Regulation D, which addresses reserve requirements of depository institutions.
