SBA Updates Rules, Forms for PPP Loan Forgiveness
The Small Business Administration tonight released revised loan forgiveness forms for the Paycheck Protection Program.
Policy
FDIC to Resume Resolution Planning for $100B+ Asset Banks
The FDIC formally announced that it will resume requiring resolution plans from covered insured depository institutions, lifting a moratorium in...
CDIAC Urges Fed to Proceed with Caution on Non-Traditional Bank Access to Payments System
Members of the Federal Reserve’s Community Depository Institution Advisory Council urged the Fed to “be cautious in its approach to...
SBA Issues FAQs on Revenue Reduction, Max Loan Amount Calculations for Second-Draw PPP Loans
With the Paycheck Protection Program portal reopening for all lenders this morning, the Small Business Administration today issued a set...
Your Fair and Responsible Banking Program in 2021 and Beyond
Building a robust fair lending program and demonstrating compliance is not easy, but merely avoiding unlawful credit discrimination doesn’t need...
Biden Picks Chopra to Lead CFPB, Gensler to Chair SEC
President-Elect Biden today announced that he would nominate Rohit Chopra to serve as director of the Consumer Financial Protection Bureau...
In Advance of Full PPP Reopening, SBA Issues Flurry of Guidance, Notices
With the Paycheck Protection Program portal reopening for all lenders on Tuesday—and already open for lenders with assets under $1...
IRS to Delay Start of Tax Filing Season
The Internal Revenue Service announced today that it will delay the start of tax filing season until Feb. 12.
FHFA to Allow GSEs to Retain Earnings to Build Capital
As part of the ongoing effort to remove Fannie Mae and Freddie Mac from government conservatorship, FHFA and the Treasury...
OCC Finalizes Controversial ‘Fair Access’ Proposal
The OCC today finalized a controversial proposal stating that banks should provide access to services, capital and credit based on...
