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...
Policy
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.
Congress to Vote on COVID-19 Relief Bill Tonight
With Congress poised to cast final votes on a $900 billion bipartisan coronavirus relief package later this evening, ABA staff...
CFPB Provides ABA-Advocated ECOA Guidance
The Consumer Financial Protection Bureau today issued guidance on Regulation B—which implements the Equal Credit Opportunity Act—as it applies to...
Congressional Leaders Announce Deal on Bipartisan COVID-19 Relief Package
After weeks of negotiations, congressional leaders tonight announced a deal for a $900 billion bipartisan coronavirus relief package.
