Data-Access Decisions Pushed into 2021
The Federal Register today includes the CFPB’s ANPR on consumer access to financial records.

Agencies Confirm Loan Benchmark-Rate Flexibility
Following ongoing requests from banks, the federal banking agencies today reaffirmed in their first public statement that they will not endorse any specific replacement rate to LIBOR for loans.

FBOs Get Long-Awaited LISCC Relief
As signaled by Vice Chair for Supervision Quarles earlier this year, the Fed today announced that it will realign its LISCC list of banks subject to extra scrutiny to conform it with the tailoring rule (see FSM Report SIFI34).