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Mar 11, 2021

SBA Issues Interim Final Rule Revising Calculation and Eligibility for PPP Loans

On March 3, 2021, the Small Business Administration (SBA) issued a new Paycheck Protection Program (PPP) interim final rule to allow individuals who file an IRS Form…

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Mar 10, 2021

NJ Governor Signs Legislation to Address Mortgage Distress

New Jersey Governor Phil Murphy signed the New Jersey Foreclosure Prevention Act (A5130) which creates the ‘New Jersey Residential Foreclosure Prevention Program.  This program empowers…

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Mar 10, 2021

CFPB Issues Clarifying Rule for Lenders Prohibiting Sex and Gender Discrimination

The Consumer Financial Protection Bureau (CFPB) issued an interpretive rule to clarify that, with respect to any aspect of a credit transaction, the prohibition against sex discrimination…

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Mar 9, 2021

Regulation D Final Rule Effective March 12

The Federal Reserve Board is adopting as a final rule, without change, to its March 24, 2020 interim final rule that amended Regulation D (Reserve…

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Mar 9, 2021

InfoSight Updates

The following updates were made to InfoSight content: The “Share Insurance” topic in the “Accounts” channel has been updated to reflect the NCUA’s recent amendment, effective on…

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Mar 8, 2021

NJ COVID-19 Business Coalition Letter Calls for Comprehensive Reopening Plan

With several states lifting capacity limits, the NJ Business Coalition sent a letter to Gov. Phil Murphy urging what the Garden State currently needs and…

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Mar 5, 2021

Senator Pat Toomey Shares Concerns with NCUA

Pennsylvania Sen. Pat Toomey, the new Ranking Member on the U.S. Senate Banking Committee, issued a letter to NCUA that addresses mutual concerns of CrossState and credit unions….

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Mar 5, 2021

FCC Final TRACED Act Rules

The Federal Communications Commission (FCC) has published 86 FR 11443 in a recent Federal Register  a final rule to implement the Pallone-Thune Telephone Robocall Abuse Criminal Enforcement and Deterrence Act (TRACED…

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Mar 4, 2021

CFPB Proposed Delay of Mandatory Compliance Date for General QM Rule

The Consumer Financial Protection Bureau (CFPB) released a notice of proposed rulemaking (NPRM) to delay the mandatory compliance date of the General Qualified Mortgage (QM) final rule…

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Mar 3, 2021

OFAC Issues Cyber-related General License and Related FAQs, Designation Updates

The Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued Cyber-related General License 1B “Authorizing Certain Transactions with the Federal Security Service” and amending three…

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