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…
The American Bankers Association joined a broad coalition of nearly 150 trade associations and advocacy…
The FDIC should clearly set out the circumstances under which it would be required to disapprove a deposit insurance application or other industrial loan bank or industrial loan company transaction, ABA recommended in a comment letter to the agency today.
Fannie Mae and Freddie Mac have sold 126,757 nonperforming loans as of Dec. 31, 2019, with a total unpaid balance of $23.8 billion, according to the Non-Performing Loan Sales report released today by the Federal Housing Finance Agency.
With the COVID-19 curve flattening and states beginning to open for business, how are banks preparing for what’s next?
The Federal Housing Finance Agency announced today that Fannie Mae and Freddie Mac are offering a new COVID-19 payment deferral option, beginning July 1, for mortgage borrowers facing financial hardship due to the coronavirus pandemic.
Following the recent announcement that the Small Business Administration would review any Paycheck Protection Program loans made in amounts exceeding $2 million, the agency today issued guidance extending an automatic safe harbor to borrowers receiving PPP loans with an original principal amount of less than $2 million.
The Small Business Administration late Friday issued an interim final rule making technical changes related…
How banks are pivoting to address the challenges of the coronavirus.
Missouri banker Dan Robb’s journey from maintenance man to industry advocate.
ABA and the Bank Policy Institute today offered feedback to the financial regulatory agencies on a recently proposed policy statement aimed at providing guidance for institutions implementing the current expected credit loss accounting standard.