SBA Now Accepting Second-Draw PPP Applications from 2021 First-Draw Borrowers
The Small Business Administration is now accepting second-draw PPP loan applications from borrowers who previously submitted first-draw loan applications in...
Policy
ABA, Groups Call for Extension of PPP Application Period
As the Small Business Administration prepares to wind down the Paycheck Protection Program, the American Bankers Association and a coalition...
SBA Updates Guidance for Lenders on Revising Schedule C PPP Applications
The Small Business Administration over the weekend updated its Paycheck Protection Program FAQs and calculation guidance documents to reflect new...
COVID-19 Turns One: Lessons Learned from a Global Health Crisis
The banking industry can be proud of how it stepped up—virtually overnight—to keep society moving in the face of perilous...
Financial, Consumer Groups Urge Yellen to Shield EIPs from Garnishment
As Congress today passed the $1.9 trillion COVID-19 relief bill—which includes an additional round of economic impact payments for eligible...
House Passes Final Version of COVID-19 Relief Bill
By a vote of 220 to 211 today, the House passed the Senate-amended version of the $1.9 trillion COVID-19 relief...
Department of Labor to Revisit ESG, Proxy Voting Final Rules
In response to concerns raised by industry stakeholders including the American Bankers Association, the Department of Labor will revisit its...
ABA Calls for Extension of NCUA CUSO Comment Period
The American Bankers Association today wrote to the National Credit Union Administration seeking a 60-day extension to the 30-day comment...
Banking Agencies to Allow Treasury’s Emergency Capital Investments to Count as Bank Capital
The Federal Reserve, FDIC and OCC today announced an interim final rule allowing Treasury investments made to community development financial...
ABA, Groups Urge Congress to Shield EIPs from Garnishment
As Congress prepares to pass the $1.9 trillion COVID-19 relief bill—which includes another round of $1,400 economic impact payments—the American...
