ABA Joins Broad Coalition Seeking Clarity on Garnishment of Economic Impact Payments
The American Bankers Association today joined a broad coalition of financial trade and consumer organizations in a letter to congressional...
Policy
Fed Officials Provide Additional Clarity on Paycheck Protection Program Liquidity Facility
With the Federal Reserve’s Paycheck Protection Program Liquidity Facility now up and running, officials from the Fed today shared additional...
Senators Urge SBA to Allow E-Tran Submissions for PPP Loans During Funding Lapse
As lawmakers continue working to finalize additional funding for the Small Business Administration’s Paycheck Protection Program, a group of eight...
Nichols: Delaying More PPP Funds Risks ‘Irreparable’ Harm to Small Biz
In a letter to congressional leadership today, ABA President and CEO Rob Nichols called for Congress to move “expeditiously” to...
SBA: PPP Loan Sales Retain Guaranty, Do Not Require SBA Approval
Sales of Paycheck Protection Program loans into the secondary market do not require Small Business Administration approval, the SBA and...
Crapo Seeks Clarity from Fed, Treasury on Several Coronavirus Relief Initiatives
In a letter to the Federal Reserve Board and the Treasury Department today, Senate Banking Chairman Mike Crapo (R-Idaho) raised...
Financial Trades: Banks Working to Ensure Americans Receive EIPs
In a letter to Sens. Sherrod Brown (D-Ohio) and Elizabeth Warren (D-Mass.) today, ABA and three financial services trade organizations...
ABA, Groups Call on Congress to Shield Economic Impact Payments from Garnishment
Congress should protect CARES Act economic impact payments from being garnished to pay creditors, ABA and several other financial groups...
SBA to Stop Accepting PPP Applications Once $349B Limit Reached
The Small Business Administration will stop accepting applications for Paycheck Protection Program loans once the processed loan volume reaches the...
State Bankers Associations Urge Congress to Increase PPP Funding
Fifty-one state bankers associations today wrote to House and Senate leaders urging them quickly increase funding for the Small Business...
