Though the goals for passing of the reintroduced Enhancing Credit Opportunities in Rural America Act of 2021, commonly known as ECORA, haven’t changed much over the last few years, this Congress may have a better shot at leveling the playing field between farm banks and Farm Credit System lenders, ultimately giving struggling farmers and ranchers greater access to affordable credit options. ABA SVP Ed Elfmann details the importance of ECORA’s passage.
Sen. Pat Toomey (R-Pa.) today shared his candid thoughts on postal banking during ABA’s virtual Washington Summit.
Senate Banking Committee Chairman Sherrod Brown (D-Ohio) today told bankers that “we can’t allow Silicon Valley to play by different rules” as more technology firms attempt to expand financial services offerings.
By a vote of 415 to 13 last night, the House passed an American Bankers Association-supported bill that would extend the Small Business Administration’s Paycheck Protection Program application deadline from March 31 to May 31.
The American Bankers Association’s virtual Washington Summit kicks off this morning with more than 3,400 attendees—the highest number of bankers that have ever attended this annual advocacy event.
Reps. Nydia Velasquez (D-N.Y.) and Blaine Luetkemeyer (R-Mo.) yesterday introduced a bipartisan bill that would extend the deadline for new Small Business Administration Paycheck Protection Program loans through May 31.
As Congress today passed the $1.9 trillion COVID-19 relief bill—which includes an additional round of economic impact payments for eligible taxpayers—ABA joined a coalition of financial and consumer advocacy groups urging Treasury Secretary Janet Yellen to support standalone legislation to ensure that these payments are shielded from assignment and garnishment.
By a vote of 220 to 211 today, the House passed the Senate-amended version of the $1.9 trillion COVID-19 relief bill.
Senate Banking Committee Ranking Member Pat Toomey (R-Pa.) has been added to the speaker lineup for
ABA’s Washington Summit, a free virtual event to be held March 16-17.
The American Bankers Association joined three other trade groups in a letter to House Rules Committee leaders this week urging them to include an amendment in the next COVID-19 relief bill that would provide funding for the U.S. Department of Agriculture’s business and industry guaranteed loan program.