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Banking News
CFPB Rescinds Several Temporary Pandemic Flexibilities (4/1/2021) 
The CFPB rescinded seven policy statements that provided temporary flexibilities for financial institutions when serving customers during the COVID-19 pandemic.
IRS Extends Contribution Due Dates for IRAs and HSAs to May 17 (3/30/2021) 
The IRS extended due dates for contributions to individual retirement arrangements, health savings accounts and other similar savings accounts to May 17.
ARRC Outlines Approach for Using SOFR in New Issuances of Securitized Products (3/30/2021) 
The ARRC outlined a model for using the Secured Overnight Financing Rate—the ARRC’s preferred Libor alternative—in asset-backed securities products.
SBA Outlines Process for PPP Lenders to Clear Hold Codes, Error Messages (3/30/2021) 
The SBA issued a second procedural notice with new instructions for lenders to clear error codes and move applications forward.
SBA Issues Interim Final Rule Implementing PPP Changes (3/19/2021) 
The SBA issued an interim final rule implementing changes to the PPP that were included in the American Rescue Plan law enacted earlier this month.
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.