SBA Report: 1.66 Million PPP Loans Made As of April 16
As of April 16, when funding for the program was exhausted, the Small Business Administration had approved 1.66 million loans totaling $342.3...
Newsbytes
ABA Data Bank: Bank Economists Expect Deep Q2 Contraction, Followed by Second Half Rebound
Economists' forecasts are based on the public health models projecting that the U.S. COVID-19 pandemic peaks in May.
Crapo Seeks Clarity from Fed, Treasury on Several Coronavirus Relief Initiatives
In a letter to the Federal Reserve Board and the Treasury Department today, Senate Banking Chairman Mike Crapo (R-Idaho) raised...
Financial Trades: Banks Working to Ensure Americans Receive EIPs
In a letter to Sens. Sherrod Brown (D-Ohio) and Elizabeth Warren (D-Mass.) today, ABA and three financial services trade organizations...
FFIEC Releases Computational Tools for APRs, APYs
To help financial institutions comply with consumer protection rules, the Federal Financial Institutions Examination Council today released two computational tools...
CFPB Permanently Raises HMDA Reporting Thresholds
In a final rule issued today, the Consumer Financial Protection Bureau raised the reporting thresholds for banks reporting data under...
PPP Funds Exhausted; SBA No Longer Accepting Loan Applications
The $349 billion authorized for Paycheck Protection Program loans has been exhausted, the Small Business Administration said today, and the...
Fed’s Paycheck Protection Program Facility Is Up and Running
The Federal Reserve announced this morning that its Paycheck Protection Program Liquidity Facility is fully operational and available for institutions...
ABA, Groups Call on Congress to Shield Economic Impact Payments from Garnishment
Congress should protect CARES Act economic impact payments from being garnished to pay creditors, ABA and several other financial groups...
SBA to Stop Accepting PPP Applications Once $349B Limit Reached
The Small Business Administration will stop accepting applications for Paycheck Protection Program loans once the processed loan volume reaches the...
