01/20/21

Yellen Calls for New Stimulus

Janet Yellen called for a new large stimulus package at her confirmation hearing to be the next U.S. Treasury secretary this week. Additional economic relief for those most in need would provide "the biggest bang for the buck," Yellen said.

01/20/21

OBL D.C. Fly-in Goes Virtual

Registration has opened for the OBL Virtual D.C. Fly-in. 

01/20/21

OBL Covers the First Few Days of the Biden Administration

As President Biden takes the oath of office he plans several nominations and executive orders that will have a material effect on the banking industry. 

01/20/21

Ohio Enacts Important Changes to the Civil Rights Law

On Jan. 12, 2021, Ohio enacted House Bill 352, the Employment Law Uniformity Act (ELUA) to improve Ohio’s employment discrimination laws.  The ELUA makes significant changes to the Ohio Civil Rights Law concerning the statute of limitations, administrative exhaustion of discrimination charges, personal liability for managers, codification of an affirmative defense to hostile work environment claims, and clarification of remedies for age discrimination.  

01/20/21

OBL Hosting New Legislator Meet & Greet Series

With more than 20 new legislators at the state level, OBL will be hosting quick 30-minute virtual meetings over the coming weeks to learn more about their backgrounds, priorities, and to share information about OBL and our members. If you wish to attend any of the meetings, please contact OBL VP of State Government Relations & General Counsel Don Boyd to receive a calendar invitation.

01/20/21

SBA Releases a Flurry of New PPP Guidance

This week the SBA released a flurry of new PPP guidance including the OBL advocated streamlined forgiveness form.

01/13/21

Treasurer Ends STAR Plus Endorsement

The Ohio Treasurer’s office this afternoon announced plans to end its STAR Plus endorsement. STAR Plus is the deposit option for cash reserves exclusively available to STAR Ohio participants, namely local government entities.

01/13/21

Mixed Reports in Cleveland Fed District - Beige Book

Banking activity was mixed during the last two months in the Federal Reserve Bank of Cleveland's district according to the central bank's latest Beige Book, released today.

01/13/21

CPI Remains Steady

Inflation edged upward last month, driven by increases in gasoline and food prices, however the Labor Department's core consumer price reading remained steady. 

01/13/21

Ohio Adopts Modernized Limited Liability Company Act

On Jan. 7, 2021, Ohio adopted a new statute governing limited liability companies (LLCs) in Ohio. This type of legal entity is a popular way for businesses to organize.