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…
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…
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….
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…
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…
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…
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…
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…
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…
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…