NewsWatch Today

The SBA over the weekend issued additional resources on the Paycheck Protection Program, which will fully open to all participating lenders 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.

The Cybersecurity and Infrastructure Security Agency issued new guides for federal agencies with best practices that can apply throughout the commercial sector.

The Consumer Financial Protection Bureau issued a new small entity compliance guide summarizing the October 2020 debt collection rule.

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.

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.

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.

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.

The SBA said it 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) tomorrow, Jan. 15.

ICBA said it strongly supports Federal Housing Finance Agency Director Mark Calabria’s efforts to fully recapitalize Fannie Mae and Freddie Mac.

ICBA and other groups called on the OCC to withdraw the CRA Information Collection Survey that was published in the Federal Register in December.

The Consumer Financial Protection Bureau issued guidance that encourages financial institutions to better serve Limited English Proficiency consumers.