Nutter McClennen & Fish LLP | USA | 5 Apr 2021
On March 29, 2021, the Federal Reserve Board, the Consumer Financial Protection Bureau, the Federal Deposit Insurance Corporation, the National…
Nutter McClennen & Fish LLP | USA | 30 Mar 2021
The Federal Reserve has issued guidance on how examiners will assess a banking organization’s progress in preparing to transition to a replacement…
Nutter McClennen & Fish LLP | USA | 25 Feb 2021
The U.S. Department of Housing and Urban Development (HUD), the U.S. Department of Veterans Affairs (VA), and the U.S. Department of Agriculture…
Nutter McClennen & Fish LLP | USA | 28 Jan 2021
The Massachusetts Division of Banks has issued new guidance to mutual banks and mutual holding companies that have not yet held their 2020 annual…
Nutter McClennen & Fish LLP | USA | 6 Jan 2021
On January 4, 2021, the Office of the Comptroller of the Currency (OCC) issued the latest in a string of interpretative letters on permissible…
Nutter McClennen & Fish LLP | USA | 28 Dec 2020
A long-awaited bipartisan stimulus bill was signed into law by President Trump on December 27, 2020. Included in the law, known as the Consolidated…
Nutter McClennen & Fish LLP | USA | 22 Dec 2020
The FDIC has adopted a final rule that establishes new standards for determining whether deposits made through certain kinds of arrangements with…
Nutter McClennen & Fish LLP | USA | 9 Dec 2020
On December 7, 2020, several bank and credit union trade associations (collectively, the “Associations”) submitted a joint letter (the “Letter”)…
Nutter McClennen & Fish LLP | USA | 24 Nov 2020
The member agencies of the Federal Financial Institutions Examination Council (“FFIEC”) have issued joint guidance for banking organizations that…
Nutter McClennen & Fish LLP | USA | 29 Oct 2020
The U.S. Small Business Administration (“SBA”) has adopted an interim final rule to streamline the loan forgiveness application process for Paycheck…