ABA Urges Fixes to SBA Loan Program Proposal
In a comment letter today, ABA recommended that the Small Business Administration reconsider several elements of changes to its Express loan offerings, part of its popular 7(a) program.
In a comment letter today, ABA recommended that the Small Business Administration reconsider several elements of changes to its Express loan offerings, part of its popular 7(a) program.
Completing the Securities and Exchange Commission’s rulemaking on best interest standards for broker-dealers and investment advisers is a “key priority” for 2019, SEC Chairman Jay Clayton said in a speech today.
With the regulatory posture shifting, the next generation of de novo banks is finally beginning to emerge.
The Alternative Reference Rates Committee today issued consultations on draft fallback language for bilateral business loans and securitizations that reference the U.S. dollar London Interbank Offer Rate.
As the longstanding Libor rides off into the sunset, what will replace it? And what do banks need to do to prepare?
Noting that economic indicators are exceptionally positive, the Treasury’s Office of Financial Research flagged market risk, credit risk and cybersecurity as high or moderate concerns in its annual financial stability report today.
The Federal Reserve is watching growth in the leveraged loan sector with an eye to its systemic implications, Federal Reserve Vice Chairman for Supervision Randal Quarles told the Senate Banking Committee today.
The latest episode of the ABA Banking Journal Podcast features interviews with the winners of ABA’s 2018 Community Commitment Awards.
In the previous quarter, banks eased terms and standards for business loans, while tightening slightly on commercial real estate loans and easing in most residential mortgage loan categories, according to the Federal Reserve’s latest senior loan officer opinion survey released today.
With the viability of the London Interbank Offered Rate uncertain beyond the end of 2021, the Small Business Administration is changing the base rate for fixed-rate loans in its popular 7(a) program to the prime rate.