The Consumer Financial Protection Bureau (Bureau) released a statement and FAQs on payments and deposit rules related to the COVID-19 pandemic. The Bureau encourages financial institutions to continue to assist ...
In light of COVID-19, the Federal Reserve released an interim rule to Regulation D on April 24, 2020 suspending the 6 per month limit on savings deposits. In March, the ...
The National Automated Clearing House Association (Nacha) has released guidance regarding ACH transfers in light of COVID-19. Nacha reminds financial institutions of the importance of reviewing their business continuity plans ...
The Bureau of Consumer Financial Protection ("Bureau") has issued an interpretive rule to allow the disbursement of funds by a government agency for COVID-19 relief through an electronic fund transfer, ...
On April 10, 2020, the Bureau of Consumer Financial Protection ("Bureau") released a policy statement that during the COVID-19 pandemic it will not cite supervisory violations or initiate enforcement actions ...
The California Attorney General's office has released a statement that they will not be delaying the California Consumer Privacy Act's ("CCPA") July 1st enforcement date. A coalition that includes a ...
Last week, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act ("CARES Act") that will distribute $1,200 to each adult within a certain income bracket and $500 for ...
Effective March 26, 2020, the Federal Reserve Board (“Board”) reduced the reserve requirement ratios to zero percent. The Board reduced the ratio in an effort to free up liquidity to ...
More and more states are enacting emergency measures to provide relief to address notarization issues that have arisen as a result of the safety measures in place due to the ...
On March 11, 2020 the California Attorney General released a second set of modifications made to the proposed California Consumer Privacy Act (CCPA) regulations. The Attorney General released its initial ...