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SBA working to identify potential PPP updates

SBA working to identify potential PPP updates The SBA on Saturday said it is working to ensure the Paycheck Protection Program appropriately accounts for the changes that businesses may have...

Jan 25, 2021
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Article
Advocacy Crisis Preparedness Lending

Treasury plans EIP outreach for unserved households

Treasury plans EIP outreach for unserved households The Treasury Department announced plans to help the up to 8 million households that have not yet been able to access either round of Economic...

Jan 25, 2021
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Article
Advocacy Crisis Preparedness Lending

Yellen nomination advances in Senate

Yellen nomination advances in Senate The Senate Finance Committee unanimously approved the nomination of Janet Yellen for Treasury secretary. The committee vote sends Yellen's nomination to the...

Jan 25, 2021
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Article
Advocacy

ICBA seeks more gradual increase of same-day ACH limits

ICBA seeks more gradual increase of same-day ACH limits ICBA said it supports Nacha's plan to raise the individual same-day ACH transaction limit from $100,000 to $1 million in 2022. However, ICBA...

Jan 25, 2021
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Article
Compliance Payments

Biden names acting agency heads

Biden names acting agency heads President Joe Biden named agency heads serving in an acting capacity until permanent leadership is confirmed by the Senate. President Joe Biden named agency heads...

Jan 22, 2021
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Article
Consumer Financial Protection Bureau (CFPB) Federal Reserve

ICBA urges OCC to rescind CRA survey

ICBA urges OCC to rescind CRA survey 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...

Jan 22, 2021
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Article
Community Reinvestment Act (CRA) Office of the Comptroller of Currency (OCC)

Biden expected to tap Michael Barr to head OCC

Biden expected to tap Michael Barr to head OCC President Joe Biden is expected to nominate former Treasury Department official Michael Barr for comptroller of the currency, according to reports...

Jan 22, 2021
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Article
Office of the Comptroller of Currency (OCC)

Kraninger steps down from CFPB

Kraninger steps down from CFPB Kathy Kraninger announced Wednesday that she resigned as Consumer Financial Protection Bureau director, as requested by President Joe Biden's administration. Kathy...

Jan 21, 2021
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Article
Consumer Financial Protection Bureau (CFPB)