Agencies Encourage Banks to Engage in Responsible Small-Dollar Lending
The federal financial regulators today issued a joint statement urging financial institutions to offer “responsible small-dollar loans to both consumers...
Policy
Senate Clears Massive Coronavirus Stimulus to Support Economic Growth
The Senate unanimously passed a sweeping $2 trillion stimulus package to provide relief to American consumers and businesses struggling as...
ABA Urges SBA to Provide Guidance to Banks on Coronavirus Relief
As the Senate moved closer to passage of a coronavirus relief package today, ABA joined a coalition of financial services...
Fed to Adjust Exam Activities As It Focuses on Coronavirus Response
The Federal Reserve will “temporarily reduce” its bank examination activities as it pivots to focus on responding to the immediate...
IRS Issues FAQs on Filing Date Extension, Clarifies Due Date for IRA, HSA Contributions
The IRS has issued a set of frequently asked questions related to the recently announced delay in filing dates for...
ABA, Industry Groups Call for Unified Approach to Mortgage Relief During Pandemic
ABA joined several financial and mortgage industry trade associations in a letter to the Federal Reserve, HUD, FHFA, the CFPB,...
Reps. Meeks, Luetkemeyer Join Chorus for CECL Suspension, Delay
In a bipartisan letter, Reps. Gregory Meeks (D-N.Y.) and Blaine Luetkemeyer (R-Mo.) today joined the chorus of voices—including FDIC Chairman...
Fed Expands Stimulus Measures, QE; Will Support Corporate Credit
In its most sweeping move yet to prop up the U.S. economy amid the coronavirus pandemic and public health response,...
Fed Revises TLAC Rule to Support Lending
The Federal Reserve Board today issued an interim final rule amending the treatment of the total loss absorbing capacity, or...
ABA, Groups Call for Legislative Action on Retirement Plans Due to Coronavirus
Acknowledging the challenges currently facing American workers and retirees as the coronavirus pandemic continues, ABA joined two dozen other trade...
