Powell: Fed to Return Unspent COVID-19 Relief Funds at Year-End
In a letter to Treasury Secretary Steven Mnuchin late Friday, Federal Reserve Chairman Jerome Powell said his agency would “work...
ABA, Groups Support Automatic Forgiveness for PPP Loans under $150K
The American Bankers Association joined a broad coalition of nearly 150 trade associations and advocacy groups today in strong support...
ABA: FDIC Should Set Standards for Disapproval of ILC Transactions
The FDIC should clearly set out the circumstances under which it would be required to disapprove a deposit insurance application or other industrial...
FHFA: Fannie, Freddie Sold More than 126,000 Nonperforming Loans Since 2014
Fannie Mae and Freddie Mac have sold 126,757 nonperforming loans as of Dec. 31, 2019, with a total unpaid balance...
A Return to (More or Less) Normal Bank Operations
With the COVID-19 curve flattening and states beginning to open for business, how are banks preparing for what’s next?
GSEs to Offer New Payment Deferral Option for Mortgage Borrowers
The Federal Housing Finance Agency announced today that Fannie Mae and Freddie Mac are offering a new COVID-19 payment deferral...
SBA Announces Safe Harbor for PPP Borrowers with Loans for Less than $2M
Following the recent announcement that the Small Business Administration would review any Paycheck Protection Program loans made in amounts exceeding...
SBA Codifies Extensions for PPP Safe Harbor, Form 1502 Filing
The Small Business Administration late Friday issued an interim final rule making technical changes related to the safe harbor for...
Navigating the ‘New Normal’ of a Global Pandemic
How banks are pivoting to address the challenges of the coronavirus.
From Washing Windows to Walking the Halls of Congress
Missouri banker Dan Robb’s journey from maintenance man to industry advocate.
