Treasury Officials Call for Additional Round of PPP Funding
In a Wall Street Journal op-ed this week, two Treasury Department officials made the case for an additional round of...
Commercial Lending
Small Biz Panel to CFPB: Prioritize Simplicity, Consistency in Section 1071 Rules
Small entities expected to be affected by the Consumer Financial Protection Bureau’s Dodd-Frank Section 1071 rulemaking recommended that the CFPB...
SBA: Banks Must File 1099/1098 for CARES Act Loan Subsidies
The Small Business Administration this week released a Q&A document addressing certain tax issues related to payments made on behalf...
Podcast: One Year Left in the Libor Endgame
The administrator of the London Interbank Offered Rate has made what was expected official: the widely used benchmark will cease...
ABA Past Chair Stewart Calls for Additional PPP Funding
In an interview with NPR Marketplace’s Kai Ryssdal Friday, former ABA Chair Laurie Stewart said that additional funding for the...
ICE Proposes Plan for U.S. Dollar Libor Cessation
Intercontinental Exchange, which administers the London Interbank Offered Rate, today proposed a plan to cease publishing U.S. dollar Libor after...
SBA Outlines Procedures for PPP ‘Loan Necessity’ Questionnaires
The Small Business Administration on Wednesday outlined procedures for lenders in handling the loan necessity questionnaires that SBA is requesting...
Fed Updates MSLP FAQs to Address Termination of Facilities
With the Main Street Lending Program set to wind down at year-end, the Federal Reserve updated its frequently asked questions...
PPP, EIDL Data Release Temporarily Delayed
A few days shy of a court-ordered Nov. 19 deadline for the Small Business Administration to release the names, addresses...
