House Dems, GOP Release Dueling PPP Reports
In advance of an oversight hearing today, Democrats and Republicans on the House Select Subcommittee on the Coronavirus Crisis today...
Commercial Lending
ARRC Updates Libor Fallback Language for Business Loans
The Alternative Reference Rates Committee today released updated recommended fallback language for newly originated bilateral business loans that reference the...
Bowman: In Exams, Fed to Focus on Exposure to COVID-Stressed Industries
As the Federal Reserve ramps up its post-COVID-19 examination program, Fed Governor Michelle Bowman said in a speech today, examiners’...
SBA Rule Addresses PPP Forgiveness Questions for Business Owners, Non-Payroll Costs
The Small Business Administration today issued an interim final rule addressing certain technical issues of Paycheck Protection Program loan forgiveness...
SBA Updates Guidance on PPP Forgiveness, Loan Reviews
The Small Business Administration today released several elements of guidance for Paycheck Protection Program lenders and borrowers.
Analysis: 9 in 10 Publicly Traded PPP Borrowers Kept Loan Funds
Just 12% of publicly traded Paycheck Protection Program borrowers elected either to decline or return loan funds after approval, while...
ABA Data Bank: Banks of All Sizes Helped Provide Critical Financial Lifeline to Small Biz
Breaking down of Paycheck Protection Program lending by banks in the second quarter (through June 30, 2020), by asset size.
ARRC Releases SOFR ‘Starter Kit’
As part of its ongoing work to facilitate the transition by financial market participants away from the London Interbank Offered...
ABA, Banking Groups Urge Upfront Clarity in PPP Extension Plan
As Congress negotiates a new round of coronavirus relief, including an extension of the Paycheck Protection Program, ABA and several...
