Refinitiv Launches USD IBOR Cash Fallbacks Prototype
The Alternative Reference Rates Committee today welcomed the prototype publication launch of its recommended spread adjustments and spread adjusted rates...
Commercial Lending
ABA Data Bank: Non-employer Firms Were Most Likely to Seek PPP Funding at Banks
Non-employer firms—those without full-time or part-time employees on payroll—that sought Paycheck Protection Program funding most frequently did so from large...
CFPB Issues Interpretive Rule on Juneteenth-Related Mortgage Closing Delays
The Consumer Financial Protection Bureau today issued a long-awaited interpretive rule providing clarity on how the newly enacted Juneteenth holiday...
Fed Survey: Traditional Financing Declined for Businesses as Pandemic Began
Between 2019 and 2020, traditional financing declined among both non-employer and employer firms as the COVID-19 pandemic began, according to...
OCC Details SBA Lending Program Risks
The OCC today issued a bulletin for community banks engaged in Small Business Administration lending activities.
Business Recovery Drives Business Loan Demand, Eased Standards
As the small business recovery took off in the second quarter, a substantially larger share of banks reported easing standards...
A Model Transition? Surveying Banks’ Post-Libor Rate Choices
As the Libor endgame continues to count down, what rates are America’s large and midsize banks planning to adopt to...
ABA Data Bank: Libor Replacement Rates Banks Plan to Use
Half or more of banks surveyed plan to use the SOFR daily, SOFR term structure, SOFR arrears compounding, and/or BSBY...
ARRC Completes Key Milestone in Libor Transition, Recommends SOFR Term Rates
In a highly anticipated move today, the Alternative Reference Rates Committee formally recommended CME Group as the administrator for a...
Umpqua Survey: Optimism Rises among Small, Middle-Market Firms
Despite persistent pandemic-related uncertainties, optimism among small and middle market businesses is on the rebound, according to Umpqua Bank’s 2021...
