ARRC Completes Key Milestone in Libor Transition, Recommends SOFR Term Rates
In a highly anticipated move today, the Alternative Reference Rates Committee formally recommended CME Group as the administrator for a ...
Tag: Commercial lending
Umpqua Survey: Optimism Rises among Small, Middle-Market Firms
Despite persistent pandemic-related uncertainties, optimism among small and middle market businesses is on the rebound, according to Umpqua Bank’s 2021 ...
ABA Data Bank: Explaining the Deposit-Loan Divergence
Bank lending is not keeping up with deposit growth. Here’s why.
CFTC Subcommittee Recommends Transition Dates for Interdealer Swap Market Trading Conventions
With certain tenors of Libor set to sunset at the end of 2021, the Commodity Futures Trading Commission’s Interest Rate ...
Banks’ Transition Away from Libor Just Became Easier
The variety of forward-looking term rates now available means that banks will have choices to offer when transitioning from Libor.
FSB Issues Roadmap, Additional Resources for Libor Transition
As banks prepare for the cessation of Libor—certain tenors of which are set to begin phasing out at the end ...
ARRC to Recommend CME Group to Administer Forward-Looking SOFR Term Rate
In a significant move today, the Alternative Reference Rates Committee—of which the American Bankers Association is a member—said it plans ...
ARRC Releases Guide to Published SOFR Averages
The Alternative Reference Rates Committee—of which the American Bankers Association is a member—today released a new guide to published Secured ...
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 ...
SBA Adjusts PPP Payroll Calculation For Form 1040, Schedule C Filers
The Small Business Administration has just issued an interim final rule implementing recent changes to the Paycheck Protection Program.
