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…
Advocacy Works
Feb 26, 2021
NJ Remote/Electronic Notary Measure Stalls in Senate Committee
Legislation (S2508) that would authorize notaries to perform certain acts was held in New Jersey Senate Budget and Appropriation Committee when some concerns surfaced about…
Feb 26, 2021
FFIEC Releases Updates to the BSA/AML Examination Manual
The Federal Financial Institutions Examination Council (FFIEC) yesterday released updates to four sections of the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual (Manual). The updates affect the…
Feb 26, 2021
SBA PPP Reforms Fact Sheet
On Monday, February 22, President Biden announced changes to (the Small Business Administration’s) SBA’s coronavirus relief programs to ensure equity. The White House has issued a Fact Sheet to…
Feb 24, 2021
CFPB Issues Updated Small Entity Compliance Guide, ATR/QM Guidance
The Consumer Financial Protection Bureau (CFPB) Tuesday issued updated Ability-to-Repay/Qualified Mortgage (ATR/QM) guidance. The CFPB updated the small entity compliance guide and other compliance aids for the ATR/QM Rule….
Feb 23, 2021
NCUA’s Board Meeting
The National Credit Union Administration (NCUA) held an open meeting on February 18 using live audio webcast. During the meeting, the NCUA Board approved a final…
Feb 23, 2021
Three March Webinars are Open for Registration
CrossState’s Compliance Advocacy Team is hosting the following free webinars in March and registration is currently open. Writs of Execution (PA & NJ) March 16,…
Feb 23, 2021
CrossState Submits Comment Letter to NCUA on Proposed Rule
CrossState Credit Union Association recently submitted a letter to the National Credit Union Administration (NCUA) Board, commenting on the proposed rule to permit federally insured credit unions (FICUs) to…
Feb 23, 2021
Gov. Wolf Unveils Workforce and Economic Development Plan to Get Pennsylvania Back to Work
The COVID-19 global pandemic has significantly affected Pennsylvania workers, businesses, and communities. To bolster economic recovery efforts and position Pennsylvania for economic growth, Gov. Tom…
Feb 22, 2021
PA Gov. Wolf Signs Fourth Renewal of COVID-19 Disaster Declaration to Aid in Response and Recovery
Pennsylvania Gov. Tom Wolf signed a fourth renewal of his 90-day Proclamation of Disaster Emergency for the COVID-19 pandemic. The first proclamation was signed on March 6, 2020, following…