SBA Outlines Procedures for PPP ‘Loan Necessity’ Questionnaires
The Small Business Administration on Wednesday outlined procedures for lenders in handling the loan necessity questionnaires that SBA is requesting...
Policy
OCC Issues Proposal on CRA Performance Standards
The OCC today proposed its approach to determining Community Reinvestment Act evaluation measure benchmarks, retail lending distribution test thresholds and...
ABA Urges Withdrawal of Proposed Rule Lowering Reporting Threshold for Funds Transfers
ABA urged the Federal Reserve and the Financial Crimes Enforcement Network today to withdraw a proposed rule that would reduce...
FDIC Floats Changes to Deposit Insurance Rules to Accommodate CECL Transition
The FDIC on Friday proposed changes to the risk-based deposit insurance system that applies to banks with more than $10...
OCC Proposes Rule to Ensure Fair Access to Banking Services
The OCC Friday afternoon proposed a rule stating that banks should provide access to services, capital and credit based on...
Powell: Fed to Return Unspent COVID-19 Relief Funds at Year-End
In a letter to Treasury Secretary Steven Mnuchin late Friday, Federal Reserve Chairman Jerome Powell said his agency would “work...
ABA, Trade Groups Urge OCC for Additional Time to Evaluate Novel Charter Applications
ABA and a coalition of financial trade associations urged the OCC today to provide more time for stakeholders and the...
Treasury Seeks to Wind Down Emergency Credit Facilities
With several emergency credit facilities created to respond to the COVID-19 emergency scheduled to wind down by year’s end, Treasury...
PPP, EIDL Data Release Temporarily Delayed
A few days shy of a court-ordered Nov. 19 deadline for the Small Business Administration to release the names, addresses...
Brooks: OCC Continuing Effort to Clarify Regulatory Treatment of Stablecoins
The OCC is continuing its efforts, working with other agencies, to facilitate banks’ ability to engage with digital currencies, Acting...
