The Senate Banking Committee today approved the nomination of Adam Szubin as Under Secretary for Terrorism and Financial Crimes. Szubin has been serving in the role on an acting basis since he was first nominated by President Obama in April 2015. The full Senate must still confirm his nomination.
SBA reinstates stronger underwriting requirements for 7(a) loans
The Small Business Administration has reinstated stronger underwriting requirements for 7(a) loans through the issuance of a Standard Operating Procedure document.