Advocacy Works

Mar 16, 2021

Senate Republican Lawmakers Announce Plan to Prioritize PA Small Businesses

A group of Senate Republican lawmakers announced a package of bills designed to support small businesses that have been affected by Governor Wolf’s response to the…

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Mar 16, 2021

SBA Updates PPP FAQs, New Document to Calculate Draw Loan Amounts

The Small Business Administration (SBA) has released updated FAQs for its paycheck protection program (PPP), as well as new documents on calculating first– and second-draw PPP loan amounts. The agency also…

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Mar 16, 2021

FHFA Extends COVID-19 Related Loan Flexibilities

The Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) will extend temporary loan origination flexibilities until April 30, 2021….

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Mar 15, 2021

CFPB Rescinds Abusiveness Policy Statement to Better Protect Consumers

The Consumer Financial Protection Bureau (CFPB) announced it is rescinding its January 24, 2020 policy statement, “Statement of Policy Regarding Prohibition on Abusive Acts or Practices.”…

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Mar 11, 2021

PA Banking Fund Legislation Introduced

Rep. Sheryl Delozier (R-Cumberland) introduced legislation that would protect the PA Department of Banking and Securities Banking Fund. Representative Delozier sponsored Banking Fund legislation last session…

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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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