National Taxpayers Union Calls for Broad Credit Union Industry Reforms
In a letter to House Financial Services Committee and Senate Banking Committee leaders today, the nonpartisan National Taxpayers Union expressed concerns about...
Policy
ABA, Trade Groups Urge SBA, Treasury: Create One-Page Form for PPP Loan Forgiveness
ABA, the Bank Policy Institute and the Consumer Bankers Association today urged the Small Business Administration and the Treasury Department...
FSB ‘Post-Mortem’ of COVID-19 Crisis to Study Vulnerabilities of Nonbank Financial Sector
The Financial Stability Board will undertake a holistic review of the market volatility that followed the initial outbreak of COVID-19...
Fed’s Brainard Warns of Continued Economic Uncertainty as COVID-19 Cases Spike
Federal Reserve Governor Lael Brainard today warned of heightened uncertainty “as long as the pandemic hangs over the economy.”
SBA Provides Guidance on Monthly PPP Form 1502 Filings; First Report Due July 17
In a procedural notice tonight, the Small Business Administration provided guidance on the monthly Form 1502 reports that lenders must...
Agencies Propose Rule to Increase Flexibility for Grandfathered Group Health Plans
The Departments of Treasury, Labor, and Health and Human Services on Friday issued a proposed rule to amend the requirements for grandfathered...
A Short History of Economic Rescues
There would be no hesitancy in 2020, when the pandemic closed the American economy. In just three months, the federal...
ABA, Groups Support Automatic Forgiveness for PPP Loans under $150K
The American Bankers Association joined a broad coalition of nearly 150 trade associations and advocacy groups today in strong support...
ABA Condemns NCUA’s Subordinated Debt Proposal
In a comment letter to the National Credit Union Administration on Wednesday, the American Bankers Association called for the withdrawal...
