The NFIB Small Business Optimism Index increased 1.4 points in September to 104.0, a historical…
The International Swaps and Derivatives Association announced today that its framework for reference rate fallbacks will launch on Oct. 23.
The federal banking agencies and the Financial Crimes Enforcement Network today announced an exemption from customer identification program rules for bank loans to all customers to facilitate the purchase of property and casualty insurance policies, otherwise known as premium finance loans.
Speaking at a virtual event today, FDIC Chairman Jelena McWilliams acknowledged banks’ strong response to the coronavirus pandemic—from their quick pivot to remote operations to meeting the credit needs of the communities they serve.
The Small Business Administration tonight released a much-anticipated, streamlined loan forgiveness application for Paycheck Protection Program loans totaling $50,000 or less.
The Treasury Department’s Office of Foreign Assets Control today announced sanctions against 18 Iranian banks, including 16 banks for operating in Iran’s financial sector and one bank for being owned or controlled by a sanctioned Iranian bank.
The American Bankers Association and the Colorado Bankers Association released a new voter education ad today thanking Sen. Cory Gardner (R-Colo.) for supporting the Paycheck Protection Program during the coronavirus pandemic.
The OCC, the Federal Reserve and the FDIC have adopted a final rule that codifies temporary changes to changes to the community bank leverage ratio and addresses the transition process for banks using the CBLR framework.
ABA joined a broad coalition of advocacy groups from different industries in a letter urging House and Senate Armed Services Committee leaders to include the Corporate Transparency Act in the final National Defense Authorization Act for fiscal year 2021.
The Small Business Administration and Treasury Department tonight updated the Paycheck Protection Program FAQs to address the deferral period extension granted by the PPP Flexibility Act of 2020.