Podcast: How Asset-Based Lending Appeals to Commercial Clients Amid COVID-19
As the coronavirus pandemic and the policy response to it affect businesses and commercial credit, many borrowers are converting revolving ...
Tag: Coronavirus
New Video Highlights Banking Industry Response to COVID-19
A new video released by the American Bankers Association today highlights the many ways America’s banks have stepped up to support ...
As Bankers Await Release of PPP Form 1502, SBA Extends Submission Deadline
In updates to its Paycheck Protection Program FAQs tonight, the Small Business Administration announced that it will extend the deadline ...
Powell, Mnuchin: MSLP to Be Operational by End of May
Top policymakers today said that they expect the Main Street Lending Program “to be up and running by the end ...
Powell Warns of Longer-Term Economic Consequences of Coronavirus Pandemic
Testifying before the Senate Banking Committee today, Federal Reserve Chairman Jerome Powell flagged risks that could arise if the economic ...
A Return to (More or Less) Normal Bank Operations
With the COVID-19 curve flattening and states beginning to open for business, how are banks preparing for what’s next?
Atlanta Fed’s Bostic: Examiners Will Not Second-Guess Banks’ Emergency Actions
In bank examinations, the Federal Reserve Bank of Atlanta will not penalize banks for “emergency decisions” made in response to ...
FinCEN Issues Warning on COVID-19 Medical Scams, Notice on Reporting
The Financial Crimes Enforcement Network today issued an advisory on medical scams related to the coronavirus pandemic—the first in a ...
Powell: Fed Could Further Tweak Main Street Lending Program ‘As We Learn More’
In testimony published ahead of tomorrow’s Senate Banking Committee hearing, Federal Reserve Chairman Jerome Powell noted that “public input has ...
SBA Issues Foreign Language PPP Materials, Addresses Eligibility for Foreign Affiliates
To assist non-English speakers with completing their Paycheck Protection Program applications, the Small Business Administration today issued a number of ...
