Calabria ‘Encouraged’ By Incoming Housing Market Data
Testifying before the Senate Banking Committee today, FHFA Director Mark Calabria said that he has been “encouraged” by incoming data...
Policy
Fed Expands Main Street Lending Program After ABA Advocacy
The Federal Reserve today announced several adjustments to the Main Street Lending Program intended to facilitate participation by more small...
ABA Urges Targeted Changes to FDIC’s Brokered Deposit Proposal
In a comment letter to the FDIC today, ABA raised concerns that the agency’s recent proposal to modernize brokered deposit...
SBA, Treasury Preview Upcoming PPP Changes
The Small Business Administration and the Treasury Department signaled today that they will promptly issue rules and guidance implementing the new Paycheck...
FHA Announces Temporary Policy for Insuring Mortgages in COVID-19 Forbearance
The Federal Housing Administration yesterday announced a temporary policy for lenders to obtain FHA insurance endorsements on mortgages where the...
Bipartisan Group of Senators Call for FSOC Study on CECL
A bipartisan group of senators yesterday urged Treasury Secretary Steven Mnuchin to direct the Financial Stability Oversight Council to conduct...
CFPB Proposes Reg Z Changes for Libor Transition
As part of the planned transition away from the London Interbank Offered Rate—which is not guaranteed to be available after...
CFPB Provides Flexibility on Electronic Card Disclosures During Pandemic
The CFPB yesterday issued a statement providing temporary flexibility for credit card issuers when providing electronic versions of disclosures that...
OCC Issues Proposals on Bank Activities, Innovation
The OCC today proposed changes to its rules for national bank and federal savings association activities and operations to ensure...
Senate Sends PPP Flexibility Bill to President
The Senate tonight unanimously passed a bipartisan bill that would provide greater flexibility for Paycheck Protection Program borrowers.
