IRS Updates FAQs to Address Payments to Deceased, Other Non-Eligible Recipients
The IRS has updated its FAQs on the CARES Act economic impact payments to reflect that the deceased (as well...
Newsbytes
SBA: Paycheck Protection Program Round Two Lending Tops $181B
As of 5 p.m. tonight, a total of 2.38 million Paycheck Protection Program loans had been made in the second...
Agencies Provide Relief for Banks Participating in PPP, Money Market Liquidity Facilities
To facilitate banks’ participation in the Paycheck Protection Program Liquidity Facility and the Money Market Mutual Fund Liquidity Facility, the...
Household Debt Increased Ahead of Coronavirus Outbreak
Outstanding household debt increased by 1.1% in the first quarter of 2020, rising by $155 billion to land at $14.3...
ABA Calls for Greater Clarity on Criminal Penalties in OCC’s Licensing Standard
In a comment letter to the OCC yesterday, ABA offered feedback on recent proposed changes to the agency’s licensing policies...
FHFA to Provide Additional Loan Origination Flexibility
As part of its ongoing effort to provide relief to mortgage borrowers during the coronavirus pandemic, the Federal Housing Finance...
International Trade Balance Widened in March
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was...
ISM: Non-Manufacturing Contracts for First Time Since 2009
The ISM Non-Manufacturing Index contracted in April for the first time since December 2009, ending a 122-month period of growth....
Fed Survey: Coronavirus Pandemic Weakens Demand for CRE, Consumer Debt
Demand for commercial and industrial loans was mixed in the first quarter, as the COVID-19 outbreak was beginning to strike...
ABA Foundation Invites Applications for 2020 Community Commitment Awards
The American Bankers Association Foundation invites entries for the 2020 Community Commitment Awards, which recognize and promote the essential role...
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