ABA: House Bill Would Undermine Usefulness of Credit Reports
In a letter to House leadership today, the American Bankers Association expressed its opposition for H.R. 5332. Introduced by Rep....
Policy
SBA Implements PPP Loan Forgiveness Changes in Rule
The Small Business Administration tonight issued a new interim final rule implementing in regulation changes made to the Paycheck Protection...
CFPB Proposes Changes to QM Rule, Extension for Temporary ‘GSE Patch’
The Consumer Financial Protection Bureau today took a significant step to revise its Qualified Mortgage rule, issuing a proposal to...
FDIC, OCC Trim Effects of COVID-Related Loan Growth on Assessments
Noting that many banks grew loans substantially in response to credit needs during the coronavirus pandemic, the OCC and FDIC...
Quarles: Large Bank Stress Tests to Assess Industry Performance Under COVID-19 Scenarios
The latest stress test results for the nation’s largest banks will include a “sensitivity analysis” of how institutions would perform...
ABA, Industry Groups Call for Five-Member, Bipartisan CFPB Commission
The American Bankers Association joined a broad coalition of financial and housing industry groups today in a letter of support...
ABA, AMBA CEOs Call for Equal Treatment of Banks, Credit Unions on Military Bases
In an American Banker op-ed today, American Bankers Association President and CEO Rob Nichols and Association of Military Banks of...
CFPB Announces Pilot Program to Issue Binding Advisory Opinions
Under a new pilot program launched by the Consumer Financial Protection Bureau today, entities seeking to comply with existing regulations...
Powell: COVID-19 Affecting Availability of Coins for Banks
The coronavirus pandemic has affected the regular flow of coinage through the economy and the availability of coins for banks,...
Sen. Moran Introduces ABA-Backed Brokered Deposit Modernization Bill
Sen. Jerry Moran (R-Kan.) yesterday introduced an ABA-backed bill to replace current restrictions on brokered deposits with an asset growth...
