Profiles in Inclusion
The ABA Foundation’s 2020 George Bailey Distinguished Service Award co-winners put the spotlight on the industry’s financial inclusion efforts.
Commercial Lending
A Leader for Our Time
ABA Chairman Jim Edwards takes office at an unexpectedly difficult moment—and with a uniquely suited portfolio of skills.
Stewart Praises Banks’ Work in COVID-19 Response, Racial Justice
Outgoing ABA Chair Laurie Stewart praised the work bankers have done in the last six months distributing Paycheck Protection Program...
FSB Issues ‘Road Map’ for Financial Firms’ Libor Transitions
The Basel, Switzerland-based Financial Stability Board on Friday released a “global transition road map” to help financial firms navigate potential...
SBA Streamlines PPP Forgiveness for Loans of $50,000 and Under
The Small Business Administration tonight released a much-anticipated, streamlined loan forgiveness application for Paycheck Protection Program loans totaling $50,000 or...
SBA Issues Guidance on PPP Borrower Changes of Ownership
The Small Business Administration today issued a notice explaining required procedures when an entity that has received a Paycheck Protection...
For Community Banks, COVID-19 Brings Existential Concerns to Fore
Business conditions were most often called the single biggest challenge facing community banks, according to an annual survey released yesterday...
Podcast: Plotting the Future Path of the CRE Sector
Commercial real estate has faced substantial headwinds from stay-at-home orders and changing consumer behavior, and in many cases CRE has...
New York Fed’s Held: ‘Libor Countdown Has Not Stopped’
Despite the pandemic, financial institutions should not expect a delay in the Dec. 31, 2021, date when publication of the...
Fed Survey: Even When Eligible for MSLP, Borrowers Go Outside Program
Even when applicants are eligible for the Federal Reserve’s Main Street Lending Program, participating banks made just a tiny fraction...
