CDC Recommends Bank Workers Be in Third Phase of Vaccinations
A panel of the Centers for Disease Control and Prevention today voted to include financial services workers in Phase 1c...
Policy
CFPB Finalizes Rule on Consumer Disclosures Related to Debt Collection
The Consumer Financial Protection Bureau today finalized the second part of its debt collection rule, which covers disclosures that debt...
Treasury Officials Call for Additional Round of PPP Funding
In a Wall Street Journal op-ed this week, two Treasury Department officials made the case for an additional round of...
NCUA Finalizes Controversial Rule Allowing CUs to Issue Subordinated Debt
In a move strongly condemned by ABA, the National Credit Union Administration today approved a final rule that would allow...
ABA’s Nichols Firmly Opposes NCUA Subordinated Debt Proposal
A move by the National Credit Union Administration to allow large credit unions to issue subordinated debt for regulatory capital...
Basel: Shadow Banking Sector Outpaces Banks in 2019
Bank-like activity by nonbanks that poses financial stability risks grew by 11.1% to total $57.1 trillion in 2019, according to...
Small Biz Panel to CFPB: Prioritize Simplicity, Consistency in Section 1071 Rules
Small entities expected to be affected by the Consumer Financial Protection Bureau’s Dodd-Frank Section 1071 rulemaking recommended that the CFPB...
Labor Department Finalizes Fiduciary Investment Advice Exemption
The Department of Labor today finalized its proposed class exemption on fiduciary investment advice.
ABA, Groups Urge Locking in Reforms Before GSE Conservatorships End
The American Bankers Association and several housing industry groups urged the Department of Treasury yesterday to ensure that reforms for...
FDIC Finalizes Changes to Brokered Deposit Rules
The FDIC today finalized long-awaited changes to modernize its existing brokered deposit rules and foster greater innovation by financial institutions.
