SBA, Treasury Issue Guidance on PPP Flexibility, New Application Form for Borrowers
As expected, the Small Business Administration and Treasury Department late last night released an interim final rule to reflect changes...
Policy
Statutory, Regulatory Actions on TDRs: Short-Term Alleviation, Long-Term Aggravation?
How recent accounting changes will affect troubled debt restructurings in the short and long term.
FDIC: Minority Bank Performance Remained Sound in 2019
Financial performance among minority depository institutions remained sound through the end of 2019, according to the FDIC's annual report on...
Mnuchin, Carranza Offer Clarifications on PPP Forgiveness Process
During a Senate Small Business Committee hearing today, Treasury Secretary Steven Mnuchin confirmed that, pursuant to the Paycheck Protection Program...
Fed Holds Interest Rates Steady
As expected, the Federal Reserve announced today that it would hold the target range for the federal funds rate at...
SBA Clarifies PPP Loan Maturity Dates, Provides Additional Tips on Lender Processing Fees
The Small Business Administration tonight issued an update to lenders clarifying that the maturity of all Paycheck Protection Program loans...
Calabria ‘Encouraged’ By Incoming Housing Market Data
Testifying before the Senate Banking Committee today, FHFA Director Mark Calabria said that he has been “encouraged” by incoming data...
Fed Expands Main Street Lending Program After ABA Advocacy
The Federal Reserve today announced several adjustments to the Main Street Lending Program intended to facilitate participation by more small...
ABA Urges Targeted Changes to FDIC’s Brokered Deposit Proposal
In a comment letter to the FDIC today, ABA raised concerns that the agency’s recent proposal to modernize brokered deposit...
SBA, Treasury Preview Upcoming PPP Changes
The Small Business Administration and the Treasury Department signaled today that they will promptly issue rules and guidance implementing the new Paycheck...
