Crapo bill would let regulators temporarily relax capital rules for banks
Written by Jasir Jawaid Senate Banking Committee Chairman Mike Crapo, R-Idaho, proposed an amendment to the Financial Stability Act of...
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Aug 4, 20202 min read
Sen. Crapo calls for extensions and expansions of COVID-19 relief efforts
Written by Jasir Jawaid Chairman of the U.S. Senate Committee on Banking Mike Crapo urged regulators to extend the current expected...
Aug 4, 20202 min read
Regulators issue bank guidance before COVID-19 loan accommodation periods end
Written by Jasir Jawaid and Tim Weatherhead The Federal Financial Institutions Examination Council outlined risk management and consumer...
Jul 22, 20201 min read
OCC allows national banks, thrifts to provide custody services for crypto assets
Written by Jasir Jawaid and Polo Rocha The Office of the Comptroller of the Currency has concluded that national banks and federal...
Jul 20, 20202 min read
Fed, Treasury may create lending facility for firms 'falling in the gaps'
Written by Jasir Jawaid The Federal Reserve and the U.S. Treasury Department may set up an asset-based lending facility for companies...
Jul 15, 20201 min read
Beige Book: Economic activity up in most districts but below pre-pandemic levels
Written by Jasir Jawaid The Federal Reserve's latest Beige Book found that economic activity increased in almost all districts but...
Jul 15, 20202 min read
FSOC launches activities-based review of secondary mortgage market
Written by Jasir Jawaid and Tim Weatherhead The Financial Stability Oversight Council announced at its July 14 meeting that it will begin...
Jul 15, 20202 min read
New York Fed official says 'lingering effects' still impacting market liquidity
Written by Jasir Jawaid While financial market liquidity has improved significantly since mid-March, lingering effects of the...
Jul 14, 20202 min read
Brainard says uptick in COVID-19 cases a reminder it dictates economy's path
Written by Jasir Jawaid Federal Reserve Governor Lael Brainard said the U.S. economy still faces substantial headwinds from the...
Jul 6, 20202 min read
SBA includes business names in latest Paycheck Protection Program data release
Written by Jasir Jawaid The U.S. Small Business Administration released the names of businesses that received more than $150,000 in...
Jun 22, 20201 min read
FDIC finalizes rule to reduce deposit insurance impact on PPP lenders
Written by Jasir Jawaid The Federal Deposit Insurance Corp. has approved a final rule that reduces the deposit insurance assessment...
Jun 10, 20201 min read
New bill would aim to help small firms that have already used up their PPP loans
Written by Jasir Jawaid Three U.S. senators plan to introduce a bill that would authorize new lending under the Paycheck Protection...
May 13, 20201 min read
5 representatives introduce bill to extend PPP loan forgiveness deadline
Written by Jasir Jawaid Five U.S. Representatives introduced a bill that would extend the Paycheck Protection Program loan forgiveness...
May 13, 20201 min read
Paycheck Protection Program loans under $2M not subject to audit, SBA says
Written by Jasir Jawaid The U.S. Small Business Administration will not audit borrowers who receive loans of less than $2 million under...
Apr 9, 20201 min read
Regulators give banks capital relief for coronavirus-related business loans
Written by Jasir Jawaid Federal banking agencies granted capital relief to institutions participating in the Paycheck Protection Program,...
Mar 23, 20202 min read
Fed's Bullard says US economy must 'throttle back' to properly fight coronavirus
Written by Jasir Jawaid Federal Reserve Bank of St. Louis President James Bullard advocated for the executive and legislative branches to...
Mar 17, 20201 min read
Cleveland Fed's Mester explains 'no' vote on emergency rate cut
Written by Jasir Jawaid Cleveland Fed President Loretta Mester, the lone dissent against the rate cut at the Federal Reserve's March 15...
Mar 16, 20201 min read
Rep. Waters calls on Fed to do more to assist 'everyday Americans'
Written by Jasir Jawaid Rep. Maxine Waters, D-Calif. and chair of the House Financial Services Committee, urged the Federal Reserve "to...
Feb 24, 20201 min read
Cryptocurrency-focused Avanti Financial plans to file for bank charter
Written by Jasir Jawaid Cheyenne, Wyo.-based Avanti Financial Group Inc. is planning to file an application with the Wyoming Division of...
Nov 27, 20191 min read
Barclays Capital: Schwab/TD Ameritrade deal makes strategic, financial sense
Written by Jasir Jawaid Barclays Capital upgraded TD Ameritrade Holding Corp. and Charles Schwab Corp. following the announcement of the...
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