The federal banking agencies this week finalized a rule that temporarily defers appraisal requirements for up to 120 days after the closing of certain residential and commercial real estate transactions. A second rule neutralizes—due to the lack of credit and market risk—the regulatory capital and liquidity effects for banks that participate in certain Fed liquidity facilities.
The Cybersecurity and Infrastructure Security Agency has released an emergency directive concerning the Windows Server August 2020 security update to all domain controllers mitigating a vulnerability in Microsoft Windows Netlogon Remote Protocol.
In a race that is just as confusing as it seems, incumbent Sen. Sean O’Brien (D-Bazetta) faces off against challenger Sandra O’Brien (R-Rome) in what Republicans view as their best pickup opportunity in the Ohio Senate. Sen. Sean, as he has been dubbed by Democrats trying to differentiate their candidate, is running for his second term in the Senate after previously serving three terms in the Ohio House.
Ohio bankers this week showcased the hard work they have done to help customers, businesses, and communities across Ohio during the pandemic in virtual roundtables with Ohio Treasurer of State Robert Sprague and Development Services Agency Director Lydia Mihalik. Both commended the industry on the work bankers have done throughout the pandemic and discussed opportunities for the future.
Steve Chabot (R-Cincinnati) has represented the district since 1996. Since redistricting in 2012 the congressman has not enjoyed comfortable margins of victory. In 2018, Chabot defeated challenger Aftab Pureval (D), receiving 51.3 percent of the vote to Pureval's 46.9 percent.
Today the OBL sent a letter to the SBA and Treasury urging them to clarify issues with PPP Deferment. The way PPP was set up originally meant all loans had a six month deferment to allow small businesses the time to use the funds, apply for forgiveness, and the SBA forgive the loan. Unfortunately, the forgiveness process has been mired with delays and complications.
The OBL has received intelligence that there will be an attempt this week to move streamlined PPP forgiveness legislation before legislators leave Washington D.C. to head back to their districts.
Do you have an energetic, high-potential banker looking for an opportunity to shape Ohio’s banking industry? If so, the OBL welcomes your recommendation for its Next Generation Advisory Board.
This week's OBL Diversity Dialogue will reunite all of our previous panelists to discuss perspectives about current topics, trends and the upcoming election.
The National Institute of Standards and Technology National Cybersecurity Center of Excellence has released the final version of NIST Cybersecurity Special Publication 1800-21, Mobile Device Security: Corporate-Owned Personally-Enabled (COPE).