SBA Announces Safe Harbor for PPP Borrowers with Loans for Less than $2M
Following the recent announcement that the Small Business Administration would review any Paycheck Protection Program loans made in amounts exceeding...
Newsbytes
Producer Prices See Largest Fall Since 2009
The Producer Price Index for final demand fell 1.3% in April, seasonally adjusted, according to the U.S. Bureau of Labor...
ABA Announces New Risk and Compliance Virtual Conference
To support bankers as they continue to manage and plan for new challenges, ABA will hold a national Risk and...
Fed to Disclose Borrower Names, Loan Information for PPPLF Participating Institutions
The Federal Reserve today said it will identify, on a monthly basis, certain information about participants in the Paycheck Protection...
ABA Supports OCC Guidance for Short-Term Investment Funds
In a letter to the OCC yesterday, the American Bankers Association offered support for guidance issued by the agency in...
FDIC Proposes Rule to Facilitate Bank Participation in PPP, Money Market Facilities
To help provide certainty to banks participating in the Paycheck Protection Program and its associated lending facility, as well as the...
Top Regulators Discuss MSLP, Other Measures to Aid in Coronavirus Response at Senate Hearing
Getting the Main Street Lending Program facilities up and running is a “top priority” for the Federal Reserve, Vice Chairman for Supervision Randal...
McWilliams: Banks Should Rely on Borrower Certifications When Making PPP Loans
FDIC Chairman Jelena McWilliams today confirmed that banks should rely on borrowers’ statements certifying that their economic need is legitimate...
Consumer Prices See Largest Decline Since 2008
The Consumer Price Index decreased 0.8% in April on a seasonally adjusted basis, the largest monthly decline since December 2008,...
Small Business Optimism Continues Two Month Decline
The NFIB Small Business Optimism Index fell 5.5 points in April to 90.9, continuing the decline in optimism that started...
