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Banking News

ABA, Financial Trade Associations Oppose Repeal of OCC's ‘True Lender’ Rule (5/7/2021)
AmBA and financial trade associations opposed the use of the Congressional Review Act to repeal the OCC's rule that established a test to determine when a bank is considered the “true lender.”

UPDATED: PPP Funds Exhausted for All But CDFIs, MDIs (5/4/2021)
The SBA has just informed trade associations that PPP funding has been exhausted.

SBA Updates Guidance on PPP Whole Loan Sales (5/4/2021)
The SBA extended its guidance on how lenders may sell whole Paycheck Protection Program loans.

AmBA Calls for Withdrawal of NCUA CUSO Proposal (4/29/2021)
AmBA urged the NCUA to withdraw a proposed rule that would expand the range of permissible lending activity for credit union service organizations.

AmBA Calls for Banker Feedback on Beneficial Ownership Database (4/28/2021)
As FinCEN prepares to create a new beneficial ownership registry, AmBA is urging bankers to provide feedback on the procedures and standards FinCEN should incorporate.

Upcoming Events

The Arkansas Bankers Association and the Arkansas Pharmacists Association have teamed up through Operation Vax Speed to help increase COVID-19 vaccination clinic capacity, especially in rural areas. Learn More.

The Arkansas Bankers Association is looking for an Operations Support Coordinator to join the team. This is a part time position that allows for a flexible schedule. For complete details, click here.