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Biden names acting agency heads

Jan 22, 2021 | NewsWatch Today
President Joe Biden named agency heads serving in an acting capacity until permanent leadership is confirmed by the Senate.

ICBA urges OCC to rescind CRA survey

Jan 22, 2021 | NewsWatch Today
ICBA encouraged the OCC to rescind its proposal to require national banks over $2.5 billion in assets to complete an Information Collection Survey to establish benchmarks for its 2020 Community Reinvestment Act rule.

Biden expected to tap Michael Barr to head OCC

Jan 22, 2021 | NewsWatch Today
President Joe Biden is expected to nominate former Treasury Department official Michael Barr for comptroller of the currency, according to reports from Politico and other news outlets citing anonymous sources.

PPP resources available directly from SBA

Jan 21, 2021 | NewsWatch Today
Community bankers have reported problems with NewsWatch Today links to the SBA's Paycheck Protection Program resources, including application forms and rules.

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.