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Kraninger steps down from CFPB

Jan 21, 2021 | NewsWatch Today
Kathy Kraninger announced Wednesday that she resigned as Consumer Financial Protection Bureau director, as requested by President Joe Biden's administration.

Agencies issue FAQs on SARs

Jan 20, 2021 | NewsWatch Today
Federal regulators issued responses to frequently asked questions regarding Suspicious Activity Reports and other anti-money-laundering considerations.

Agencies finalize rules on supervisory guidance

Jan 20, 2021 | NewsWatch Today
The FDIC, OCC, and CFPB issued final rules to clarify and codify the role of supervisory guidanc

CFPB finalizes escrow relief

Jan 20, 2021 | NewsWatch Today
The Consumer Financial Protection Bureau issued a final rule implementing ICBA-supported relief from mandatory escrow requirements for higher-priced mortgage loans.

SBA issues resources as PPP fully reopens today

Jan 19, 2021 | NewsWatch Today
The SBA over the weekend issued additional resources on the Paycheck Protection Program, which will fully open to all participating lenders today

USDA finalizes hemp rule

Jan 19, 2021 | NewsWatch Today
The USDA issued its final rule regulating the production of hemp. The rule—which takes effect March 22—includes licensing and recordkeeping requirements, procedures for testing THC levels, compliance provisions, and more.

CISA issues guides with cyber best practices

Jan 19, 2021 | NewsWatch Today
The Cybersecurity and Infrastructure Security Agency issued new guides for federal agencies with best practices that can apply throughout the commercial sector.

CFPB issues compliance guide for debt collection rule

Jan 19, 2021 | NewsWatch Today
The Consumer Financial Protection Bureau issued a new small entity compliance guide summarizing the October 2020 debt collection rule.

PPP reopening for more lenders today

Jan 15, 2021 | NewsWatch Today
The SBA will reopen the Paycheck Protection Program loan portal to PPP-eligible lenders with $1 billion or less in assets at 9 a.m. (Eastern time) today. The reopening applies to both first- and second-draw applications.

FBI alert, webinar offer threat update

Jan 15, 2021 | NewsWatch Today
The FBI issued an alert on violence related to the electoral certification and inauguration of President-elect Joe Biden. The alert recaps investigative activity and provides a national threat picture through next week's inauguration.

NCUA seeks expanded powers for CUSOs

Jan 15, 2021 | NewsWatch Today
The National Credit Union Administration issued a proposed rule that would expand credit union service organizations' permissible services and activities to include anything federal credit unions can currently do.

FHFA, Treasury allow GSEs to continue retaining earnings

Jan 15, 2021 | NewsWatch Today
The Federal Housing Finance Agency and Treasury Department updated the Preferred Stock Purchase Agreements allowing Fannie Mae and Freddie Mac to continue to retain earnings until they satisfy the requirements of the 2020 GSE capital rule.