SBA Codifies Extensions for PPP Safe Harbor, Form 1502 Filing
The Small Business Administration late Friday issued an interim final rule making technical changes related to the safe harbor for...
Commercial Lending
ABA Data Bank: PPP Loans Reach Nearly Half of all Small Business Establishments in each State
The number of PPP loans approved in each state in round one and two, through May 1, equals nearly half...
Banking in the Time of Coronavirus
As we fight back against this global pandemic, America’s banks are in the corner of our customers, business clients, employees...
ABA Urgently Calls for PPP Loan Forgiveness Guidance
ABA today urged the Treasury Department and Small Business Administration to issue, as soon as possible, “clear, bright-line guidance” on...
ARRC Release Vendor Timeline, Best Practices to Support SOFR Transition
As part of its ongoing efforts to support the financial industry’s transition away from the London Interbank Offered Rate, the...
CFPB Compliance Aid Clarifies ECOA Notification Obligations for PPP Loans
The Consumer Financial Protection Bureau today published a compliance aid to provide additional clarity regarding banks’ obligations under the Equal...
SBA: Paycheck Protection Program Round Two Lending Tops $181B
As of 5 p.m. tonight, a total of 2.38 million Paycheck Protection Program loans had been made in the second...
Fed Survey: Coronavirus Pandemic Weakens Demand for CRE, Consumer Debt
Demand for commercial and industrial loans was mixed in the first quarter, as the COVID-19 outbreak was beginning to strike...
SBA Offers Clarity for PPP Borrowers Attempting to Rehire Employees, Nonprofit Hospitals
The Small Business Administration and Treasury Department last night confirmed that Paycheck Protection Program borrowers who attempt to rehire employees...
SBA: $175 Billion in Loans Made in Second Round of PPP Funding
More than 2.2 million loans totaling more than $175 billion have been made since the second round of funding began...
