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News Archive for Nov 2021



UPDATE - IRS Reporting Provision Reportedly not in House Budget Bill

Posted on: 11/3/2021
According to published reports, after weeks of intense lobbying by bankers and their customers and with ...
 

Report: Stablecoins Should be Issued Only by Insured Depository Institutions

Posted on: 11/3/2021
President Biden’s Working Group on Financial Markets—in conjunction with the FDIC and the ...
 

Banks Delivered for Small Businesses with PPP

Posted on: 11/3/2021
Eighty-two percent of small businesses said they maintained or gained trust with their bank in 2020 ...
 

CFPB Director Concerned About Reg Burden for Small Banks

Posted on: 11/3/2021
Last week, CFPB Director Rohit Chopra said he is concerned about the potential regulatory burden that ...
 

Federal Court Issues Administrative Stay of Vaccine Mandate

Posted on: 11/10/2021
A federal appellate court on Saturday issued an administrative stay of enforcement of the emergency ...
 

Quarles to Leave Fed by Year's End

Posted on: 11/10/2021
Federal Reserve Governor Randal Quarles has said he plans to resign from the central bank board at the ...
 

FinCEN Updates Ransomware Advisory

Posted on: 11/10/2021
The Financial Crimes Enforcement Network has released an updated advisory on ransomware and the use ...
 

Clear Rules Needed on Crypto Assets, Stablecoins

Posted on: 11/10/2021
The federal banking agencies “plan to issue a series of policy statements in the coming months” ...
 

Biden Nominates Powell for Second Term as Fed Chair, Brainard for Vice Chair

Posted on: 11/23/2021
President Biden yesterday announced that he will re-nominate Federal Reserve Chairman Jerome Powell ...
 

Sixth Circuit Appellate Court to Hear Vaccine Mandate Case; OSHA Suspends Work on ETS

Posted on: 11/23/2021
After a federal appellate court issued a nationwide stay of enforcement of the emergency temporary standard ...
 

Reg. C Reporting Threshold Decreases on January 1

Posted on: 11/23/2021
The CFPB last week issued a reminder to financial institutions that the threshold for reporting data ...
 

OCC Nominee Testifies at Senate Banking Committee Hearing

Posted on: 11/23/2021
Last week, Saule Omarova, President Biden’s nominee to serve as the next comptroller of the currency, ...
 

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