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...
Newsbytes
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...
SBA, Treasury Allocate $10B of Round Two PPP Funds for CDFIs
To help ensure that Paycheck Protection Program funds reach all small businesses in need, the Small Business Administration and Treasury...
Trade Groups Call for Changes to FDIC Proposal to Enable Bank Participation in PPP, Money Market Facilities
A recent proposal by the FDIC to provide certainty to banks participating in the Paycheck Protection program and its associated...
As Launch Date Nears, Boston Fed Releases Main Street Lending Program Forms, Updated FAQs
The Federal Reserve Bank of Boston today released several borrower and lender documents for the Fed’s Main Street Lending Program,...
