PPP and PPPLF Encouraged Small Business Lending
Ahead of imminent extension of the PPP, the Federal Reserve Bank of San Francisco has released a paper finding that participation in the PPP and PPPLF increased both small-business and farm lending growth in the first half of 2020.

McWilliams: Interagency RFI on AI Coming Soon
As expected, federal bank and consumer regulators will shortly launch significant policy work on AI, with FDIC Chair McWilliams today confirming that work on an interagency RFI is already underway.

Dems Push FFIEC to Address Housing-Appraisal Disparities
A group of over thirty Democratic lawmakers led by Sens. Klobuchar (D-MN), Warnock (D-GA) and Rep. Cleaver (D-MO) today urged the FFIEC to work with the housing appraisal industry to address home-valuation disparities.

CBC Increases Pressure on Biden to Pick Baradaran for OCC
Adding to the already-contentious debate regarding President Biden’s nominee for Comptroller of the Currency, Rep. Jamaal Bowman (D-NY) and thirty-three other members of the Congressional Black Caucus today urged President Biden to nominate Mehrsa Baradaran to lead the OCC, saying this would be “transformative.”