In response to the national pandemic related to COVID-19, Congress passed the CARES Act which provides many relief measures including the Payroll Protection Program.  Below are helpful links to the CARES Act, the Payroll Protection Program and regulatory measures.

Text to H.R. 748, the CARES Act

Payroll Protection Program

Regulator Measures due to COVID-19

The South Carolina Bankers Association actively monitors and comments on proposed and new regulatory requirements. We strive to give our members a comprehensive review of regulatory requirements in order to ensure that our banks are meeting compliance deadlines and successfully managing their bank’s operations.

Compliance with S.2155

Congress passed the Economic Growth, Regulatory Relief and Consumer Protection Act om May 22. 2018.  Once it is signed by the president it will become law; however, a number of the provisions will require regulatory changes by the various banking regulators.  There will be more resources in the future but for now follow this guide as to when and how these changes will occur:

S.2155 Implementation Guide

Members Only: To view previous Regulatory Reports, click here.