Preventing Fraud in the Paycheck Protection Program
As banks process applications in round two of PPP funding, four key tips for banks to prevent fraud.
Compliance and Risk
The CRA-Inspired COVID-19 Response
Compliance officers and CRA professionals can leverage the powerful resources in banks across the country to make an impact both...
SBA Issues Guidance on Calculating Max PPP Loan Size
With the Small Business Administration reopening its E-Tran system for Paycheck Protection Program applications on Monday morning, SBA last night...
CFPB Issues Guidance on Residential Mortgage Transfers
The Consumer Financial Protection bureau on Friday issued guidance for transferring mortgage servicing rights to a servicer or sub-servicer.
ABA, Consumer Group Ask FCC to Provide Immediate Relief to Facilitate COVID-19-Related Calls
As banks seek to contact customers with COVID-19-related information, ABA and the National Consumer Law Center on Thursday urged the...
New SBA Rule Clarifies PPP Borrower Eligibility
The Small Business Administration today issued an interim final rule clarifying several issues around borrower eligibility for the Paycheck Protection...
Fed to Suspend Six-Withdrawal Limit on Transfers from Savings Accounts
The Federal Reserve announced today that it would provide relief from the six-per-month limit on transfers or withdrawals from savings...
When Can I Pull A Credit Report on an Existing Loan Customer?
…and other answers to your compliance questions in the May/June 2020 ABA Regulatory Policy and Compliance Inbox.
Podcast: Managing COVID-19 Transmission Risk in the Bank Environment
On the latest episode of the ABA Banking Journal Podcast, Paul Benda summarizes the latest science on how COVID-19 is...
OFAC Encourages Banks to Communicate Promptly About COVID-19 Reporting Delays
Recognizing the operational challenges facing many institutions during the pandemic, the Office of Foreign Assets Control also encouraged banks to...
