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PH FedACTion: Financial Regulatory Updates

Daily Financial Regulation Update -- Thursday, January 7, 2020

By
FedACTion Task Force
On Jan 07, 2021

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PH Client Alerts

Click here to read more from our Coronavirus series.

Congress

Click here to view the full text of the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”), Enacted March 27, 2020.

Click here to view the full text of the Paycheck Protection Program Increase Act of 2020, Enacted April 24, 2020.

Click here to view the full text of the Paycheck Protection Program Flexibility Act of 2020, Enacted June 5, 2020.

Click here to view the full text of the Consolidated Appropriations Act, 2021, Enacted December 27, 2020.  

Click here to view a running list of proposed legislation from the Senate Committee on Banking, Housing, and Urban Affairs, Senate Committee on Small Business and Entrepreneurship, House Committee on Financial Services, and House Committee on Small Business.

Federal Agencies

Federal Reserve Board

Minutes of the Federal Open Market Committee, December 15-16, 2020

January 6, 2021

The Board of Governors of the Federal Reserve System and the Federal Open Market Committee (FOMC) released the minutes of the FOMC meeting held on December 15-16, 2020.

Conference of State Bank Supervisors

Community Bankers Positive on Business Conditions; Concerned About Regulatory Burden and Profitability

January 6, 2021

The Conference of State Bank Supervisors issued a press release titled “Community Bankers Positive on Business Conditions; Concerned about Regulatory Burden and Profitability.” According to the most recent Community Bank Sentiment Index, community bankers’ assessment about future economic and financial conditions improved at the end of 2020 but still indicates a marginally negative outlook that falls well below confidence levels before the COVID-19 pandemic and economic lockdowns.