Regulatory relief

Small banks welcome PPP relief but fear it may not be enough

11/25/20

Community banks that were pushed past key asset limits by the Paycheck Protection Program say they will be unable to shrink their balance sheets back to normal size by the 2022 deadline, especially if there is a new round of rescue aid.

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Regulators grant relief to banks pushed past key asset limits by PPP

11/20/20

Participation in the Paycheck Protection Program and other emergency lending during the pandemic has swelled many small banks’ balance sheets. Federal regulators are giving them a temporary pass on supervisory requirements tied to their size.

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Congress about to relieve banks of a key AML burden

11/20/20

Banks are responsible for reporting their business customers' beneficial owners, but a bill that would shift that anti-money-laundering duty to businesses themselves has been added to a must-pass defense spending package.

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OCC finalizes measure to eliminate ‘unnecessary’ licensing rules

11/16/20

Among the core changes in the regulation, more national banks will be able to use the agency's expedited review process to approve certain corporate transactions.

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Partisan gridlock appears intact. Why that's good for banks.

11/06/20

A final Senate breakdown still depends on the outcome in a few key races, but with Republicans closer to keeping power, Democrats' proposals to cap interest rates, create a postal banking system and establish a public credit reporting agency are likely dead on arrival.

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What delayed election outcome means for banks

11/04/20

If days go by without a clear result, the uncertainty could lead to market volatility, put off talks for a stimulus plan and complicate bankers' planning for a potentially new regulatory environment.

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What delayed election outcome means for financial services providers

11/04/20

If days go by without a clear result, the uncertainty could lead to market volatility, put off talks for a stimulus plan and complicate bankers' planning for a potentially new regulatory environment.

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Two consumer groups sue CFPB over payday rule

10/29/20

The lawsuit filed on behalf of the National Association for Latino Community Asset Builders says the rule was based on “an invented evidentiary standard,” and failed to consider consumer protections mandated by Dodd-Frank.

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OCC clarifies who is 'true lender' in bank-nonbank partnerships

10/27/20

The agency finalized a rule to determine which party in a loan sale is subject to regulatory requirements. Advocates charged that the move will help predatory lenders.

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House bill would let smaller banks exclude PPP loans from asset totals

10/23/20

The legislation would help institutions with less than $15 billion of assets avoid regulatory requirements resulting from participating in the small business relief program.

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