SBA Releases Promissory Note, New FAQs on PPP Implementation
The Small Business Administration tonight released a long-awaited promissory note form for use with Paycheck Protection Program loans. Overnight, the...
Newsbytes
Registration for Participation in Fed’s Commercial Paper Funding Facility Now Open
The Federal Reserve Bank of New York today opened the registration process for the new commercial paper funding facility that...
Fed to Establish Facility for Financing SBA PPP Loans
In order to facilitate loans being made through the Small Business Administration’s Paycheck Protection Program, the Federal Reserve today said...
Agencies Temporarily Lower Community Bank Leverage Ratio to 8%
As required by Section 4012 the CARES Act, the federal banking agencies today temporarily lowered the community bank leverage ratio,...
Nichols: Administration, Industry Working Round-the-Clock on PPP Improvements
Acknowledging a somewhat choppy start to the Small Business Administration's Paycheck Protection Program on Friday, American Bankers Association President and...
Mnuchin, Top SBA Officials Answer Banker Questions on PPP
With banks across the country working through the weekend to make and fund loans through the Small Business Administration’s Paycheck...
Regulators Offer Flexibility to Servicers Offering Mortgage Forbearance Options
Financial regulators on Friday issued a joint policy statement granting flexibility to mortgage servicers to work with borrowers struggling as...
Key SBA Form, Plus New ABA Resources on Paycheck Protection Program, Now Available
The Small Business Administration today published Form 3506, which banks must submit in order to receive delegated authority to issue...
FinCEN Issues Statement on Bank Secrecy Act Reporting During Pandemic
Recognizing the operational challenges many banks are facing due to COVID-19, FinCEN today issued a statement regarding Banks’ Secrecy Act...
Fannie, Freddie Transfer $115B in Credit Risk
Since the Federal Housing Finance Agency launched a credit risk transfer program for Fannie Mae and Freddie Mac in 2013,...
