House Republicans Call for Streamlined PPP Forgiveness Application
A group of House Republicans—led by Reps. Andy Barr (R-Ky.) and French Hill (R-Ark.)—wrote to Treasury Secretary Steven Mnuchin and Small...
Newsbytes
Acting Comptroller to Focus on Innovation, Fintech
Acting Comptroller of the Currency Brian Brooks will focus on promoting “responsible innovation” in the banking sector and continuing OCC...
ABA Report: Farm Banks Increased Capital Ahead of Pandemic
Prior to the outbreak of the coronavirus in the U.S., the nation’s farm banks were well-capitalized, with many raising equity...
OCC Issues Long-Awaited Final Rule Clarifying ‘Valid When Made’ Principle
The OCC issued a long-awaited final rule today affirming that permissible interest on a loan made by a national bank...
ABA Data Bank: EAC Expects Real GDP to Contract by 5.7% in 2020
However, economists expressed a wide range of views, with little clustering, reflecting the great degree of economic uncertainty of the...
Consumer Sentiment Remains Largely Unchanged in May
Consumer Sentiment increased 0.5 points in May to 72.3, according to the University of Michigan Consumer Sentiment Index. May’s figure...
Freddie Mac Issues Guidance for Sellers for Underwriting Self-Employed Borrowers
Freddie Mac today issued a bulletin providing temporary guidance for underwriting mortgage borrowers whose income is derived from self-employment during...
Fannie, Freddie Release Libor Transition Playbook
Fannie Mae and Freddie Mac today released a Libor Transition Playbook to help mortgage industry stakeholders prepare for the transition...
House Advances Bill Providing Flexibility for PPP Borrowers
As expected, the House today passed a bipartisan bill that would provide greater flexibility for Paycheck Protection Program borrowers.
State Associations Flag Concerns Over ‘Unnecessarily Burdensome’ PPP Forgiveness Application
Fifty-one state bankers associations today raised concerns that the forgiveness application for Paycheck Protection Program loans may be overly burdensome...
