Advocacy Works

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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Mar 2, 2021

IT Hot Topics Webinar Recording is Available

On February 24, CrossState hosted a free webinar, IT Hot Topics, presented by RKL. In case you missed the live session, or would like to view it…

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Mar 2, 2021

SBA Issues New Procedural Notice, Updated PPP Data

The Small Business Administration (SBA) has issued a new procedural notice announcing that 504 loans will be funded through the debenture sales occurring in April through June…

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Mar 1, 2021

Federal Reserve Announces Strategic Approach to FedNow Service

The Federal Reserve (Fed) recently announced its 120+ strong pilot participant roster and a narrowed timeframe — now 2023 — for the agency’s industrywide service launch. Next on the horizon is…

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Feb 26, 2021

Bill to Protect Pandemic Relief Payments Introduced in NJ Senate

Legislation that would provide certain protections for pandemic-related financial assistance was introduced in the New Jersey Senate. The bill (S3405) defines “financial assistance” as any…

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Feb 26, 2021

Rep. Pascrell Renamed to Ways & Means Subcommittee Chairmanship

U.S. Rep. Bill Pascrell, Jr. (D-NJ-9) has been named to another term as chairman of the House Ways and Means Oversight Subcommittee. The 13-term New…

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