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Juneteenth bill creates Truth in Lending Act issue

CFPB Monitor

The bill signed into law by President Biden on June 17, 2021 to create the Juneteenth National Independence Day results in an important change under the Truth in Lending Act (TILA) and Regulation Z. Under TILA and Regulation Z, there are two definitions of “business day.” The Juneteenth bill amends 5 U.S.C.

Lending 122
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The Balancing Act Between PPP’s Letter And Spirit Of The ‘Law’

PYMNTS

As Bank of America CEO Brian Moynihan said on “Face the Nation” this past week, “It’s clear that between Congress, the administration and the American people, we need to get all these funded and not make this a foot race. Banks’ websites went down, and so did the Small Business Administration (SBA’s) sites. Just get the work done.”.

Columbus 149
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The Thinker

Independent Banker

Regulation Review Committee, vice chairman. National Management Association/Grand Lake chapter, treasurer and president. His commitment required him to travel 110 miles to Columbus, Ohio, every Thursday morning to do association work, and then back home to Coldwater, Ohio, to work at The Peoples Bank Co. Committee, chairman.

Ohio 70