Study: Pre-Pandemic, Half of Customers Were ‘Branch-Dependent’
Retail banks continued to notch high satisfaction scores, though the limited availability of in-branch services since the coronavirus pandemic began...
Newsbytes
Bipartisan Letter Urges SBA to Reserve Funds for Regular 7(a) Loans
Noting that the recent bill adding funds to the Paycheck Protection Program as part of the Small Business Administration’s 7(a)...
Fed Expands Scope of ‘Main Street’ Program with ABA-Urged Changes
The Federal Reserve today expanded the scope of its Main Street Lending Program to accommodate more businesses and more loan...
SBA Limits PPP Funds for Corporate Groups to $20 Million
In an interim final rule today, the Small Business Administration said it will limit the amount of Paycheck Protection Program...
SBA to Audit PPP Loans Above $2 Million
The Small Business Administration will review all requests for forgiveness of Paycheck Protection Program loans in excess of $2 million...
Twenty-One Core Providers Sign On to ABA Principles
As part of ABA’s ongoing work to strengthen the relationship between banks and their core providers so banks can deliver...
ABA Releases New Resources to Help Bankers Navigate Core Platform Marketplace
ABA’s banker-led Core Platforms Committee today released several new resources to help bankers navigate the core provider marketplace.
CFPB Announces Relief From TRID, Reg Z Waiting Periods
The Consumer Financial Protection Bureau issued an interpretive rule yesterday clarifying that, due to the COVID-19 emergency, consumers have a...
960,000 PPP Loans Made Through Wednesday Afternoon
As of 5 p.m. EDT today, ABA has learned, the Small Business Administration has approved more than 960,000 round two...
Fed to Hold Rates Near Zero; ‘Very Close’ to MSLP Term Sheet Release
With the coronavirus pandemic continuing to cause significant economic disruptions and sharp spikes in unemployment, the Federal Reserve will maintain...
