The Securities and Exchange Commission today informed ABA that it does not object to the association’s conclusion that Main Street Lending Program transactions meet the legal isolation criteria necessary for sale accounting treatment under U.S. generally accepted accounting principles.
Browsing: Commercial Lending
The fourth season of the ABA Banking Journal Podcast kicks off with Minnesota community bank CEO Andy Schornack.
Jobs in the U.S. economy are projected to rise from 162.8 million in 2019 to 168.8 million in 2029, according to figures from the Occupational Outlook Handbook released by the Bureau of Labor Statistics today.
In advance of an oversight hearing today, Democrats and Republicans on the House Select Subcommittee on the Coronavirus Crisis today released dueling reports assessing the Paycheck Protection Program.
The Alternative Reference Rates Committee today released updated recommended fallback language for newly originated bilateral business loans that reference the London Interbank Offered Rate.
As the Federal Reserve ramps up its post-COVID-19 examination program, Fed Governor Michelle Bowman said in a speech today, examiners’ “initial focus will be to assess higher risk banks, particularly those with credit concentrations in higher risk or stressed industries.”
The Small Business Administration today issued an interim final rule addressing certain technical issues of Paycheck Protection Program loan forgiveness related to business owners and certain non-payroll costs.
The Small Business Administration today released several elements of guidance for Paycheck Protection Program lenders and borrowers.
Just 12% of publicly traded Paycheck Protection Program borrowers elected either to decline or return loan funds after approval, while 25% of public companies approved for loans of $5-10 million did the same, according to an analysis by the law firm Bryan Cave Leighton Paisner released today.