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...
Newsbytes
FinCEN Reissues Real Estate Geographic Targeting Orders
The Financial Crimes Enforcement Network today reissued its geographic targeting orders temporarily requiring U.S. title insurance companies in specified areas...
Fed: Banks Entered Coronavirus Pandemic in Strong Condition
The nation’s banks “entered the current crisis well positioned to support continued lending” during the pandemic, the Federal Reserve said...
Unemployment Soars to 14.7%, Record 20.5 Million Jobs Lost in April
Total nonfarm payroll employment fell by 20.5 million in April, according to the Bureau of Labor Statistics, the largest monthly...
IRS: 130M Economic Impact Payments Distributed to Americans
A total of 130 million Americans received economic impact payments totaling more than $200 billion within the first four weeks...
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...
Consumer Credit Shrinks in March
Consumer credit increased at a seasonally adjusted annual rate of 1.7% in the first quarter according to the Federal Reserve....
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...
New EEOC Guidance Addresses Return to Work for Employees with Preexisting Medical Conditions
The Equal Employment Opportunity Commission this week issued additional guidance clarifying how employers should handle employees returning to the workplace...
Agencies Extend Resolution Plan Deadlines for Certain Firms
As banks continue to address the immediate challenges of the COVID-19 pandemic, the Federal Reserve and the FDIC today announced...
