Agencies Finalize Three Rules Issued as Part of Pandemic Response
The federal banking agencies today finalized several rules originally issued as interim final rules during the spring weeks of the...
Policy
McWilliams Emphasizes Innovation’s Role in Financial Inclusion
Financial innovation can deliver “tremendous benefits” to consumers and help minority depository institutions enhance participation in the mainstream financial system,...
SEC Expands Accredited Investor and QIB Definitions
The Securities and Exchange Commission today approved amendments to the definitions of “accredited investor” under Regulation D and “qualified institutional...
CFPB Launches Latest CARD Act Review; Seeks Feedback on Regulations
The Consumer Financial Protection Bureau is beginning its biennial review of the consumer credit card market, as mandated by the...
FHFA Delays GSE Refinance Fee to Dec. 1
The Federal Housing Finance Agency today delayed a 50 basis point fee it had planned to start imposing on Fannie...
SBA Rule Addresses PPP Forgiveness Questions for Business Owners, Non-Payroll Costs
The Small Business Administration today issued an interim final rule addressing certain technical issues of Paycheck Protection Program loan forgiveness...
ABA, FBA Unveil New Ads Highlighting Rep. Murphy’s Support for Small Biz
ABA and the Florida Bankers Association today began running new voter education ads thanking Rep. Stephanie Murphy (D-Fla.) for her...
State Associations Urge FHFA Director to Rescind “Ill-Advised” Refi Fee
Fifty-one state bankers associations wrote to Federal Housing Finance Agency Director Mark Calabria today urging him to rescind the 50...
Senators Raise Concerns Over GSE Refinance Fee
A group of Democratic senators today wrote to FHFA Director Mark Calabria raising concerns about a recent announcement that Fannie...
DOL Issues Interim Final Rule on Lifetime Income Illustrations
The Department of Labor today issued an interim final rule implementing section 203 of the bipartisan Secure Act of 2019 requiring that...
