House Approves Additional PPP Funds, President to Sign Imminently
By a strong bipartisan vote, the House this evening passed legislation providing more than $320 billion in new funding for ...
Tag: Coronavirus
Secret Service Notice Describes Features of Legitimate Economic Impact Payment Checks
As the Treasury Department prepares to issue paper checks to economic impact payment recipients, the U.S. Secret Service released a ...
FHFA: FHLBs May Purchase PPP Loans as Collateral for Advances
With Congress poised to approve additional funding for the Small Business Administration’s Paycheck Protection Program as early as today, the ...
SBA Addresses PPP Applications from Companies with Access to Capital
In the wake of media reports of some firms qualifying for Paycheck Protection Program loans despite having access to capital markets or ...
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 ...
FHFA to Purchase Qualified Loans in Forbearance
In a significant move today, the Federal Housing Finance Agency announced that it will purchase qualified single-family mortgages in forbearance ...
FASB Proposes Delay for Lease Accounting Implementation for Non-Public Companies
The Financial Accounting Standards Board today delayed for certain filers the effective date of its new lease accounting guidance, which ...
Senate Clears $320B in Additional Funding for Paycheck Protection Program
After bipartisan negotiations, the Senate this afternoon unanimously passed legislation to provide more than $320 billion in new funding for ...
FHFA to Limit Servicers’ Payment Advancement Obligations to MBS Investors Due to Pandemic
In a move to support mortgage markets today, the Federal Housing Finance Agency announced that it will limit servicers’ obligations ...
