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Banking News
Biden Meets with Bank CEOs, Business Leaders to Discuss Debt Ceiling (10/7/2021) 
Failing to raise the debt ceiling and allowing the U.S. to default on its debt would have potentially catastrophic consequences for the economy and for Americans, CEOs of the nation’s largest banks told President Biden.
 
Senators Question Yellen Over Tax Reporting Proposal (9/29/2021) 
Treasury Secretary Janet Yellen faced tough questions from members of the Senate Banking Committee on the Biden administration’s controversial proposal.
 
SBA Issues Final Rule on PPP Loan Review Decision Appeals Process (9/27/2021) 
The SBA has issued a final rule outlining procedures for appealing final SBA PPP loan review decisions to its Office of Hearings and Appeals.
 
AmBA, State Associations Oppose Revised Tax Reporting Proposal (9/27/2021) 
AmBA and 51 state associations told house lawmakers that requiring banks to report information to the IRS on gross inflows and outflows on customer accounts is “bad tax policy.”
 
ABA, Trade Groups: IRS Reporting Proposal Raises Data Privacy Concerns (9/20/2021) 
ABA, along with more than 40 trade associations, sent a joint letter to House leadership and members on Friday expressing concerns about the IRS reporting proposal.
 
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