Agencies Issue FAQs on Coronavirus, Community Reinvestment Act Activities
The OCC today released a list of 13 interagency frequently asked questions related to the Community Reinvestment Act and the ...
Tag: Coronavirus
ABA Joins Consumer, Banking Groups in Support for Bill to Prevent Garnishment of Economic Impact Payments
The American Bankers Association today joined with twelve consumer groups and banking industry organizations in supporting a bipartisan bill that ...
SBA Issues Rules on PPP Loan Forgiveness, Lender Responsibilities
The Small Business Administration late last night released much-anticipated interim final rules describing the loan forgiveness process, as well as ...
CFPB Issues No-Action Letter Templates to Encourage Innovative Offerings During Pandemic
To help financial service providers assist struggling borrowers during the coronavirus pandemic, the Consumer Financial Protection Bureau toady issued two ...
ABA Calls for Tax-Related Guidance, Reporting Relief Due to COVID-19
In a letter to IRS officials yesterday, ABA called for additional guidance to help taxpayers and financial institutions comply with ...
ABA Highlights Broad Support for Petition to Facilitate COVID-19-Related Calls
ABA and six other financial trade groups wrote to the Federal Communications Commission yesterday highlighting broad support for an ABA-led ...
Wealth Management at a Coronavirus Crossroads
The COVID-19 crisis is magnifying structural challenges in the wealth management industry.
USDA to Guarantee $1 Billion in Loans for Rural Businesses, Ag Producers
With many rural businesses and agricultural producers facing financial challenges as a result of COVID-19, the Department of Agriculture today ...
SBA Releases Long-Awaited Form 1502 for PPP Processing Fees
The Small Business Administration today issued guidance to Paycheck Protection Program lenders on filing Form 1502, which will trigger the ...
FOMC Minutes: Members See Economic Activity Declining at ‘Unprecedented Rate’ in Q2
Members of the Federal Reserve Open Market Committee said they expect economic activity in the second quarter to “decline at ...
