Policy

The House tonight approved by unanimous consent legislation extending authorization for the Small Business Administration’s Paycheck Protection Program through August...

Fed, FDIC Provide Details on ‘Living Wills’ for Largest Banks

The FDIC and the Federal Reserve today provided information to eight large financial institutions to guide their targeted resolution plan...

FFIEC: Examiners to Increase Focus on Libor Transition Preparedness

Compliance and Risk

Federal financial regulators today said they will ramp up their supervisory focus on banks’ transitions away from the London Interbank...

ABA: FDIC Should Set Standards for Disapproval of ILC Transactions

The FDIC should clearly set out the circumstances under which it would be required to disapprove a deposit insurance application or other industrial...

State AGs Express Support for Bill to Create Beneficial Owner Registry

Forty-two state attorneys general wrote to Senate Banking Committee leaders today in support of S. 2563, the Illicit Cash Act,...

ARRC Announces Spread Adjustment Methodologies, Issues New Fallback Language

The Alternative Reference Rates Committee today outlined how it will implement its methodologies for calculating spread adjustments on financial products...

Powell: Fed ‘Not Looking to Raise Capital Standards During Crisis’

Testifying before the House Financial Services Committee today, Federal Reserve Chairman Jerome Powell again emphasized the strong position of the...

Mnuchin Discusses Future of PPP At House Committee Hearing